The Buzz
All markets and investing news all the time

VTG MISS localjoes-5439 Cowgirl Butterfly CAPEZIO Tan Suede Butterfly Inlay Boots SZ 7.5 Cowboy Cowgirl 70s 80s 7764bb5




Item specifics

Condition:
Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Country/Region of Manufacture: United States
Width: Medium (B, M) Style: Cowboy Boots
Theme: Butterfly US Shoe Size (Women's): US 7.5
Color: Brown Heel Height: High (3 in. and Up)
Brand: Capezio Material: Suede and Leather
Heel Type: Stacked

VTG MISS localjoes-5439 Cowgirl Butterfly CAPEZIO Tan Suede Butterfly Inlay Boots SZ 7.5 Cowboy Cowgirl 70s 80s 7764bb5 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
VTG MISS localjoes-5439 Cowgirl Butterfly CAPEZIO Tan Suede Butterfly Inlay Boots SZ 7.5 Cowboy Cowgirl 70s 80s 7764bb5
VTG MISS localjoes-5439 Cowgirl Butterfly CAPEZIO Tan Suede Butterfly Inlay Boots SZ 7.5 Cowboy Cowgirl 70s 80s 7764bb5 - hollisbaker.com

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%.

VTG MISS localjoes-5439 Cowgirl Butterfly CAPEZIO Tan Suede Butterfly Inlay Boots SZ 7.5 Cowboy Cowgirl 70s 80s 7764bb5

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
VTG MISS localjoes-5439 Cowgirl Butterfly CAPEZIO Tan Suede Butterfly Inlay Boots SZ 7.5 Cowboy Cowgirl 70s 80s 7764bb5 - hollisbaker.com
About This Author
VTG MISS localjoes-5439 Cowgirl Butterfly CAPEZIO Tan Suede Butterfly Inlay Boots SZ 7.5 Cowboy Cowgirl 70s 80s 7764bb5 - hollisbaker.com
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
Contributors
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
 
SPERRY Top-sider HIKERFISH LINEN GOLD 9531401 Boots LEATHER Women's Sz 7 MMATIKO ANIMAL PRINT PONY HAIR WEDGE PLATFORM ANKLE BOOTS BOOTIES SIZE 10M C111 , $195 Kelsi Dagger Bronte Booties Size US 7 M Black Ankle Motorcycle Boots , Ruff Hewn “Thayer” Boots Size 9 Women’s Black Buckled Boots Side Zip NWT , HEAVENLY FEET BANTER BROWN LEATHER LOW WEDGE TURN OVER TOP ANKLE BOOT SIZE 3-8Toe Warmers Womens 6.5 leather ankle Boots made in CanadaFRANCO SARTO L-HAMPTON WOMEN'S US SIZE 7 W ANKLE BOOTIES , Schutz Sheriff Black Soft Suede High Heel Platform Fringe Ankle BootieStyle by Charles David Women's Lenny Fashion Boot, Taupe, Size 8M , Ralph Lauren Mikelle Women's Boots DK Chocolate , Dolce Vita Womens Black Leather Knee Boots 6Distressed Motorcycle/Pirate Boots Buckles Strapy Size 8 Black , NEW JUSTIN Copper Caprice Steel Toe Work Boot Womens Size 5.5 B (US) RETAIL $219Blowfish Malibu Thigh High, Stay, Black Texas PU 020/50375 US 6.5Free People Decades Ankle Boot Tan Distressed Suede NEW Size 7 , Carlos Santana New Rumor Brown Womens Shoes Size 5 M Boots MSRP $99 , BORN Brown Leather Knee Hi Boots 6.5Alfani Vitaa Black Womens Shoes Size 9.5 M Boots MSRP $119.99Freebird by Steven Women's 927 Fashion Sneaker Denim Multi Star $129 Sz 7 , Sesto Meucci Cutout Leather Sandals - Elita Metallic Sand med 7 , Betsey Johnson Sz 7 M Olive Leather Bootie 5" Heels Ankle Boots Shoes For WomenNaturalizer Women's Nailah Black Leather Mid-Heel Ankle Bootie Shoe Size 4 M USTommy Hilfiger RYANN 2 Green Plaid Rubber Mid Calf Boots Rainboots WMs 8 NWOT , Stuart Weitzman Brown Square Toe Zip Up Mid Calf Discovery Heel Boots US 6 1/2 , Lucky Brand Eloy Booties Size 8.5 Leather Women New MSRP: $80Bandolino Camme Wide Calf Turlock Boots, Black/Black, 6.5 USVintage Sanbusco 1882 Santa Fe Handmade Cowboy Boots, Elk Leather with Concho 6B , Nine West Orsella Brown Womens Shoes Size 5 M Boots MSRP $149 , Seven Dials Women's Teresa Block-Heel Ankle Booties Black Stretch Size 10 M
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 Michael Antonio Brina Boots - 6 GrayLadies Spot On Butterfly Print Wellington Boots , MEE TOO DARK BORDEAUX ANKLE BOOTS 8.5Karen Scott 'Denelle' Brown Suede Leather Side Zip Knee High Boots Sz 9.5Ladies Toggle Knitted Cardy Fur Lined Classic Snow Rain Winter Boots All Sizes , Nanette Lepore Womens Malee Faux Fur Closed Toe Ankle Cold, Tan, Size 7.0Vince Camuto Women's Mordona Knee-High Side Zip Boots Bourbon , Minnetonka Boots Womens Brown Hi Top Suede Fringe Back Zip Moccasins Booties 8 , Marc Fisher Womens Amber Leather Closed Toe Knee High Fashion, Brown, Size 5.5 7 , Erma Boots 8M Black Knee High Made In BrazilGorgeous Ladies sz 7 M Dan Post Cowboy Boots , Nine West Women's Moretalknw Synthetic Knee High Boot$275 size 6.5 Pour La Victoire Zora Black Leather Strappy Heel Pump Booties Shoe , AHNU MONTARA II WOMEN HIKING SHOES LEATHER BLACK US 8 ///JP 25 , Lucky Brand Womens Sassa, Black, Size 9.0 l1vmNEW Tommy Hilfiger Womens 6 Black/Brown Tall Boots $129 Tiny FlawBaretraps Rosea Women's Boots Brush BrownMatisse Women’s Militia Riding Boots Leather Brown Size 10 , Franco Sarto Women's L-Quinera Ankle Bootie Size 10M , Fly London Softinos Ako Red Nubuck Leather Comfort Slip-on Shoe 38 7-7.5 NEWNIB NEW Jimmy Choo Gale black glitter Flats Genuine Fox Fur Trim 37.5 39 $795+Women's Breathable Sneakers Casual Athletic Running Walking Sports Shoes New , Mephisto RUNOFF Women's MATCH Shoes size 9 us (SHOE200Anthropologie Shoes Flats Suede Leather Pixie Hollow Ballerinas By Ras, Size 39 , adidas B96490 Womens Questar X BYD Running Shoe- Choose SZ/Color. , Puma Women's SUEDE PLATFORM CORE Shoes Puma Black/Puma White 559 02 [] , Women's NEW WEXFORD WOMENS LOAFER Flats , Women's ankle boots 8 Womens Boots , Women's CATERPILLAR WOMENS MIDI BOOT P307905 BootsMatisse Boots Dark Brown Leather Ankle Bootie Heels 10 M Brazil EUC ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
VTG MISS localjoes-5439 Cowgirl Butterfly CAPEZIO Tan Suede Butterfly Inlay Boots SZ 7.5 Cowboy Cowgirl 70s 80s 7764bb5 Boots
451214
1709246
3950363
7362814
9957441
11383625
15543310
15658085
18348580
Powered by WordPress.com VIP.