The Buzz
All markets and investing news all the time

Black 2.5" Boot Black Block Heel Faux Leather Buckles Size Sexy Ankle Boot Size 8.5 401d981

Item specifics

Condition: New without box :
A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or may be missing original packaging materials (such as the original box or bag). The original tags may not be attached. For example, new shoes (with absolutely no signs of wear) that are no longer in their original box fall into this category. See all condition definitions- opens in a new window or tab
Seller Notes: new with out box
Country of Manufacture: China UPC: Does not apply
Color: Black Style: Ankle Boots
US Size: 8.5 Sub Style: Fashion - Ankle
Heel Height: High (3 in. and Up) Heel Type: Block
Width: Medium (B, M) US Shoe Size (Women's): 8.5
Occasion: Clubwear Main Color: black
Brand: Unbranded Fastening: Pull On
Material: all man made leather

Black 2.5" Boot Black Block Heel Faux Leather Buckles Size Sexy Ankle Boot Size 8.5 401d981 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Black 2.5" Boot Black Block Heel Faux Leather Buckles Size Sexy Ankle Boot Size 8.5 401d981
Black 2.5

The beer trade has been a good one for Constellation.

Bottoms up! Constellation is cashing in on America's love affair with Corona.

Shares of Constellation Brands (STZ) opened sharply higher Wednesday after the beer and wine company reported strong quarterly results, although the stock has now fallen back.

The buzz kill came after Constellation executives said on a conference call with analysts that the cost of expanding a brewery in Mexico would be much higher than previously expected.

The company raised its estimate for the cost of upgrading its Nava brewery to a range between $900 million and $1.1 billion, up from the previous estimate of between $500 million to $600 million. So far, Constellation has spent about $140 million on the brewery.

Robert Ryder, Constellation's chief financial officer, tried to put a positive spin on the news.

"Despite the increased cost to build out the brewery, our improved commercial results should keep our cash flow and delivering goals intact," he said.

Constellation said net income surged 92% in the fourth quarter to $157 million, or 79 cents per share. Analysts were expecting the company to report earnings of 76 cents per share, according to FactSet.

Corona is the best-selling imported beer in the United States, according to Constellation CEO Rob Sands.

Sales rose to nearly $1.3 billion, thanks largely to about $600 million from Crown, the division that distributes Modelo brand beers, including Corona, in the United States.

"We had a great year, driven by our beer business," Sands told analysts on a conference call today.

Constellation paid $5.3 billion to take full control of Crown last year as part of a complex deal between Anheuser-Busch InBev (BUD) and Mexico's Grupo Modelo.

The deal was held up in court after the U.S. government sued to block it over anti-competitive concerns. But regulators relented after AB InBev and Modelo gave Constellation "perpetual rights" to distribute the popular Corona beer in the U.S. market and tossed in a major Modelo brewery.

Related: Why six-packs are pricier in some markets

So far, Constellation's bet on Mexican beer is paying off.

Net sales in the beer segment rose 13% in the fourth quarter " due to volume growth driven by strong consumer demand," the company's report states.

The strength in beer helped offset softness in sales of wine and spirits, which grew only 1% in the quarter.

Constellation expects beer sales to continue growing in its current fiscal year and is looking for income to grow "in the low to mid 20 percent range."

That should lead to better-than-expected earnings. Constellation is now targeting earnings of between $3.75 to $3.95 per share for the full year, which would translate to earnings growth of up to 27%.

Black 2.5" Boot Black Block Heel Faux Leather Buckles Size Sexy Ankle Boot Size 8.5 401d981

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Black 2.5
About This Author
Black 2.5
Ben Rooney
Staff writer, CNNMoney

Ben Rooney is a staff writer for CNNMoney. He covers the European debt crisis and other international finance stories, in addition to writing about stocks, bonds, investing and other Wall Street-related news. Follow Ben on Twitter: @ben_rooney

To view my watchlist

Not a member yet?

Sign up now for a free account
Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
Most Popular
You won the $1.5 billion Powerball! Here's your tax bill
Bogs Women's Linen Print Dark Grey Rain Boot 7MWomen's Inc Black Faux Leather Knee High Fashion Boots Size 5.5 $179 , White Mountain Lefty Womens Size 6 Brown Faux Suede Fashion Knee-High BootsCall It Spring Women's Lovelarwen Ankle Bootie, Taupe, 9 B USJessica Simpson Womens JS-WOVELLA Fabric Almond Toe Black Velvet Size 8.5 LqmiWOMEN'S JESSICA SIMPSON WHITE LEATHER SLOUCH WESTERN BOOTS BRAZIL 8.5 MRP 159.00Kamik Womens Jessie Rubber Closed Toe Mid-Calf Rainboots Grey Size 9.0 bhgUBare Traps Womens callipso Round Toe Knee High Fashion Boots Black Size 7.0 svWEATHERPROOF Mikayla Closed Toe Mid-Calf Cold Weather Boots, Black, Size 6.5 , Carlos by Carlos Santana Womens hacey Closed Toe Mid-Calf Inkwell Size 9.0 A3lFAITHSOLO BOOTS 6 HIGH HEEL BOOTS 6 BLACK LEATHER BOOTS 6 FAITH SOLO BOOTS 6 , Material Girl Women's Elation Boot (6.5, Taupe) , Material Girl Women's Melation Boot (6.5, Black)Bare Traps Womens lainey Closed Toe Mid-Calf Fashion Boots taupe Size 6.0 P0fqStyle & Co Tiny Womens Size 5 Gold Faux Suede Winter Boots , Rocket Dog Women's Tansy Mid Calf Boot Grey Fabric 6.5MMadden Girl Women's Klaim Ankle Bootie, Taupe Fabric, 7.5 M USFergalicious Womens Paisley Closed Toe Ankle Fashion Boots Black Size 9.0 n6zAWomen Pointy Toe Elastic Gore Chunky Block Heel Ankle Booties Boots Shoes , Bare Traps Womens Oudrey Closed Toe Knee High Fashion Boots Black Size 7.5 ZG1Bare Traps Womens Fabulous Closed Toe Ankle Rainboots Black Size 9.0 nYTGHelly Hansen Workwear 8" Bergen Women's Black/Green WP STCP Work Boot 8M , Style & Co. Womens Witty Mid-Calf Leather Cold Weather Boots, Brown, Size 5 , Vasque Breeze 2.0 Women's Gargoyle/African Violet Hiking Boot 8M , PAOLA FERRI BROWN SUEDE WITH STAR LOW COWBOY BOOT SIZE 11 MMaterial Girl 'Bonita' Slipon Calf Boot (6.5, Black Fabric)Dr. Scholl's Womens charlie Almond Toe Ankle Fashion Stucco Suede Size 8.0 BDLCarlos by Carlos Santana Womens Rumer Hawa Fabric Closed Toe Black Size 10.0 VDr. Scholl's Womens charlie Almond Toe Ankle Fashion Boots Black Size 6.0 BoI9
Powerball winner can stay anonymous, judge rules
Counterfeit goods market is booming and becoming more dangerous
Kodak ditches digital cameras, will focus on photo printing Charlotte Russe Black Knee High Zipper Boots Women's size 11 , Unknown Brand Women's Brown Suede Zip Up Mid Calf Boots US Size 4 (225 MM)Womens Puddles Rain and Snow Boot by Daily Shoes Size 11 Daisies , No Bo-Boundries-BLACK embroidery at back Boots-NEW-NIB-9 , Black Demonica Boots Womens Size 11 , Donald J Pliner Yazi Black Crepe Knee High Fashion Women's Heels Boots Size 6 M , Women's 6 B Charlie 1 Horse Mules or Slides with Turquoise Insets EUCNew Women Qupid Plateau-76 Distressed PU Raffia Cowboy Slouch Riding Boot Size , Kenneth Cole REACTION Women's Wind Chime Over The Knee Stretch Low Heel Winte... , Designer Isaac Mizrahi Suede Boots Size 8 , Skechers Performance 14355 Womens On The Go 400 Blaze Winter Boot , Style & Co Womens NWB Kasee Black Boots Shoes 6 MED NEW , Hot Cute Adorable Pink 5" Chunky Heel Platform Boot With Faux Fur Adult Women1963 By Pajar Canada Black Rain Rubber Rosemount Insulated Zip Back Boots 41 , MADDEN GIRL (JACEYY BLACK FABRIC) WOMENS SIZE 10 BRAND NEW!!!TORY BURCH Shaw Flat Logo Espadrille Hibiscus Flower Pink Size 10.5French Sole Jigsaw Black Womens Shoes Size 11 M Flats MSRP $200CATERPILLAR P309698 REEGAN II Wmn's (M) Olive Full Grain Leather Oxford ShoesWomen's Shoes Clarks Pure Blush Casual Mule Flats 32419 Champagne *New* , Shellys London Orange Floral Canvas Platform Ankle Boots Women's Size 40 M* , NEW $7800 DOLCE & GABBANA Loafers Shoes Crystal Gold Velvet Runway EU38 / US7.5Prada Miu Miu Jewel ballerina Shoes size and US 9.5Vince Olive Green Suede Slip On Flat Sneakers Size 6 , Skechers womens 21511 shoes size 7.5 used velcroSexy Womens Pointy Toe Loafers Hidden Buckles Slip On Stylish Formal Date ShoesLaPlume, Raleigh Grey Combo, Size 39 (8.5), Flat Sandals , Earth Ocelot - Women's Comfort Mary Jane Taupe - 7.5 WideGALO WOMENS DARK BROWN LEATHER HORSEBIT LOAFERS SIZE 7.5 , Donald j pliner beaded mule patent sz 8n new in box , Womens Tassels Pull On Bohemian Mid Calf Boots Hidden Mid Heels Shoes Hot Retro
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Black 2.5" Boot Black Block Heel Faux Leather Buckles Size Sexy Ankle Boot Size 8.5 401d981 Boots
Powered by VIP.