The Buzz
All markets and investing news all the time

Lucky Brand Orman Black localjoes-26846 Leather Knee Brand High 11 Riding Equestrian Boots Sz 11 dd4f759

Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: Great condition - minor wear on sole
Brand: Lucky Brand Color: Black
Style: Equestrian Heel Height: High (3 in. and Up)
US Shoe Size (Women's): US 11/UK 9/EU 41.5 Material: Leather
Width: Medium (M) Fastening: Zip
UPC: Does not apply

Lucky Brand Orman Black localjoes-26846 Leather Knee Brand High 11 Riding Equestrian Boots Sz 11 dd4f759 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Lucky Brand Orman Black localjoes-26846 Leather Knee Brand High 11 Riding Equestrian Boots Sz 11 dd4f759
Lucky Brand Orman Black localjoes-26846 Leather Knee Brand High 11 Riding Equestrian Boots Sz 11 dd4f759 -

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%.

Lucky Brand Orman Black localjoes-26846 Leather Knee Brand High 11 Riding Equestrian Boots Sz 11 dd4f759

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Lucky Brand Orman Black localjoes-26846 Leather Knee Brand High 11 Riding Equestrian Boots Sz 11 dd4f759 -
About This Author
Lucky Brand Orman Black localjoes-26846 Leather Knee Brand High 11 Riding Equestrian Boots Sz 11 dd4f759 -
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
Lauren by Ralph Lauren Beatrice Boot Brown Women's Size 9.5B , Born Women's Size 9 Grey Cross Peltro Distressed Ankle Boots Shoes XB-156 , Jeffrey Campbell Havana Last Handmade Lita Platform Beige Suede Ankle Booties 8Clarks Enfield Tess Ankle Boot - Women's Size 9M, Black (DAMAGED)BORN GRAY Oiled Leather Biker Boots Size 9/40.5 Style W21996Bandolino Women's Brietta Ankle Boots Cognac Brown Leather Size 6 M , Women Bearpaw Emma Short Boot 608W-860 Black Silver 100% Authentic Brand New , Marc Fisher Hulie Multi Fabric Over the Knee Women's Boots - Size 6M , Madden Girl Eventt Boots - Women's Size 8, Cognac , PRE-OWNED Patrizia Pepe Embellished Ankle Boots sz8 IT38 Orig $395SAM EDELMAN Ankle Booties Chandler Zip Saddle Suede Heeled Leather Boots 7 M , Naughty Monkey Women's Miss M Tan Ankle Booties NMLB0111 , $350 BIRKENSTOCK Nuuk Women's Size 7 Black Suede Shearling Lined Boots TB2-34*Lauren Ralph Lauren Sabeen Knee High Boots 388, Dark Brown, 5.5 US / 36.5 EU , Leather ankle boots w/metal chain accent by Dingo (Escape) distressed brown NWTAriat Short Heeled Boots, 7M, Versant, NIB , NEW Converse CTAS Woolrich Hi Womens Chelsea Boots Shoes Black Yellow 9.5 10 11 , LifeStride Venture Wide Calf Boot • Women's Size 8.5W, GreyRockport Lynix Bootie Classic Ankle Boots 185, Black, 5 US / 35 EUAriat Red Leather Western Cowboy Cowgirl Boots Womens Size 8 BDOUBLE-H Work and Western Cowboy Boots Metro Ladies/Womens Leather 8.5 DH5184 , NWT Jambu Rhonda Women Round Toe Beige Ankle Boots sz.8.5M Wedge/platformJ Renee Made In Italy By Antonio Rossi Women's Leather Boots Size 6 MSam Edelman Petty Leopard Brahm Calf Hair 6 1/2 New W/O Box , Dr. Martens Kim Zip Calf Boots - Women's Size 5, BlackSam Edelman Penny Women's Knee High Boots Riding Black Leather, Size 6 MSam Edelman Taye Ankle Boots - Women's Size 11, GreyTEVA FOXY BLACK NUBUCK LEATHER ANKLE BOOTS BOOTIES SIZE US 5 WOMENS 1008317Sperry Walker Turf Black Rubber Rain Weather Short Boot Ladies 10M ,
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 Anne Klein AKGANSEE Womens Black Leather Ankle Boots Size 9.5Style&co. "Pettra" Khaki Women's Synthetic Round Toe Slouch Knee High Boot 6.5M , Muk Luks Womens M 6.5 - 7.5 Knit Boots Tan Pink Sweater MukLuks Fuzzy Snow ShoesLucky Brand Haryson Peeptoe Leather Booties Sz 7.5 Grey Woman 37.5 Boots , Cliffs by White Mountain Women's Truly Knee High Boot Black Textured Size 8.5Sam Edleman Womens Tan Leather Knee High Boots Size 8 MVince Camuto Grayson Ankle Bootie ,Taupe SIZE 7.5 () , Cat By Caterpillar Vivienne Mulch Womens Leather Boots US 9.5 M, , EDDIE BAUAR Winter Fleece Lined Boot Brown Leather/Blue/Black/Red Rubber Sole 10WHITE MOUNTAIN Women's Cadet Over The Knee Boot, GREY, 7 M US (NEW) , PAIR OF LAURI - Mia Girl Cowboy Boots Size Womens Ladies 7 1/2M, BROWN. , BLACK LEATHER BOOTS MILITARY STYLE HIGH QUALITY BONDAGE LONDON PUNK GOTH ARMY , STEVE MADDEN RIDING BLACK BROWN LEATHER BOOTS KNEE HI size US 8M HOT , Style & Co. New Astaire Brown Womens Shoes Size 10 M Boots MSRP $99.99Dr. Martens Women's Jemima Boot Black 6 F(M) UK / 8 B(M) USCipriata Rosetta Womens Leather Oxford Brogues Shoes Ladies Gusset Chelsea Boots , Gianni Bini New Womens Light Brown Ankle Boots 6 M Shoes NWOB , Thalia Sodi Womens rese2f Open Toe Mid-Calf Fashion Boots Black Size 5.0 m5UrStyle&co. Women's Clemint Mid Shaft Motorcycle Boots Black Size 8 M , Arcopedico Shawna Brown Leather Flats Mary Jane, Size (US 9)Women's Real Leather Mid Heels Mules Slip On Metal Decor Shoes Black WHite , Via Spiga Sz 9 M brown two toned snake skin loafer shoes new sole & heel , NIB Tory Burch Gemini Link Blue Patent Loafers Size 6NWT Finn Comfort Soft Soho Hounds Tooth Sneakers Shoes Size 8.5 US (6.5 UK) , Ahnu Gracie Seaspray US Women 6.5Marc Joseph Cypress Hill Driving Shoes Loafers Womens 6 Brown Leather New , New Balance Fresh Foam 1080 Black/Silver-White W1080BW8 Women's SZ 6WWomen's New Balance Fresh Foam Cruz Casual Shoes Lush/Silver Mink WCRUZOL 261Adidas Women Running Cosmic 2.0 Shoes Cloudfoam Trainers Fitness Workout B44748 , NEW BALANCE WT510TP2 WOMEN'S 510v2 TRAIL RUNNING SHOES sz 5.5(D), 6 (D) WIDE
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Lucky Brand Orman Black localjoes-26846 Leather Knee Brand High 11 Riding Equestrian Boots Sz 11 dd4f759 Boots
Powered by VIP.