The Buzz
All markets and investing news all the time

Material 27479 Boots Girl Persia Persia Women's Boots Cognac d7fef32




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: Material Girl
Width: Medium (B, M) Style: Persia
Color: brown Model: Persia
Heel Height: High (3 in. and Up) MPN: Does Not Apply
Calf Width: Normal

Material 27479 Boots Girl Persia Persia Women's Boots Cognac d7fef32 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Material 27479 Boots Girl Persia Persia Women's Boots Cognac d7fef32
Material 27479 Boots Girl Persia Persia Women's Boots Cognac d7fef32 - 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%.

Material 27479 Boots Girl Persia Persia Women's Boots Cognac d7fef32

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Material 27479 Boots Girl Persia Persia Women's Boots Cognac d7fef32 - hollisbaker.com
About This Author
Material 27479 Boots Girl Persia Persia Women's Boots Cognac d7fef32 - 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
 
Steve Madden 'Brewzzer' Black Leather Motorcycle Boots - Women's Size 7.5David Tate Valentine Womens Black Leather Knee Tall Boots Sz 7.5WW , Rag & Bone Harrow Booties 39 1/2 , STEVE MADDEN Black Leather Fringe Moccasin Ankle Booties 7 , Jellypop Womens Black Libra Ankle Boots Shoe Size 10 M , Style & Co. New Aliciah Black Womens Shoes Size 7 M Boots MSRP $79.99 , Jim Barnier Womens Tall Soft Full Grain Leather Knee High Riding Boots Size 7SAM EDELMAN 8 Brown Tan Suede Fringe Studs Ankle (sim. to Paige) Leather Boot , Women's Steve Madden Betsey Size 7.5 Ankle Boots Shoes Ivory Leather Pull On T7 , Style & Co. Adaline Women's Boots Black , Born Size 7.5 Ankle Boots Booties Womens Black Leather Heel Side Zip Buckle , Style & Co. Dyanaa Women's Boots Barrel , Giani Bernini Odele Women's Boots BlackAerosoles Women's Size 7 B Black Booties ComfortOpportunity Shoes - Corso Como Women's Pennisula, Silver/Metallic Specchio, 5.5BareTraps New Rhapsody Brown Womens Shoes Size 6 M Boots MSRP $85Pink Round Toe Winter Fashion Boots Flat Waterproof Mid-Calf Shoes for Women- 36XOXO Women's Kimberlie Boot, Black Microfiber, 10 M US , Nine West Women's Layitout Suede Boot, Dark Taupe, 7.5 M US , Women Fashion Brown Warm Winter Snow Ankle Boots Waterproof Non-slip Shoes- 10Not Rated Women's So Gully Ankle Bootie, Taupe, 10 M US , Opportunity Shoes - Corso Como Women's Pennisula, Silver/Metallic Specchio, 9.5 , Bella Vita Women's Deryn Boot, Black Suede/Black Gore, 11 N US , Not Rated Women's So Gully Ankle Bootie, Black, 6 M USKaty Perry Women's The Evelyn Mid Calf Boot, Almond, 5 Medium USWomen's Fringe Ankle High Comfort Flat Mid Calf Eskimo Fur Winter Warm Snow Boot , Opportunity Shoes - Corso Como Women's Pennisula, Black Brushed Leather, 5.5 M U , LifeStride Women's Rockin, Dark Brown Wide Shaft, 5 M US , Fashion Red Warm Winter Snow Ankle Boots Waterproof Non-slip Shoes for Women- 8 ,
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 New in Box Khombu Women's Brown or Black Suede Lisa All Weather Winter Boots NIB , Kissandra Women's Over The Knee Flat Boot, Red Size: 7.5=_VINTAGE FRYE KNEE HIGH LEATHER BOOTS 7 1/2 MEDIUM , Madden Girl Sleet Fringe Mid Calf Boots Womens Black Suede Fur Hidden Heel Sz 9VTG WOMENS WRANGLER COWBOY LEATHER BROWN BOOTS SIZE 7?Boston Accent Sports Jobber Women's Taupe Boots 6.5 MBostonNWOB Nine West Wasabi Pony Boots Cap Pointed Toe Animal Print Leather sz 6.5MGIANNI BINI Size 10.5-11 M Brown Leather Outside Zip Low-Heel Knee-High Boots , Baretraps Nyomi Ankle Boots-Women's size 8.5M Black , Bottes brun foncé pointues en cuir Italy Minelli en très bon état, taille 39Me Too Breannas Wedge Ankle Comfort!!! Boots Booties Black Leather 8 M New , New BCBGeneration ILIA Womens Sheep Leather Knee High Boots Taupe 11 MSRP $160 , New Frye Carson Ankle Ballet Flats Leather Women Shoes (MSRP $178)Metallic Eggplant Purple MJUS Zip-Up Boots 6.5 37Emilio Pucci Signature Multi-Color Abstract Rain Boots Womens Size 40 US 7 Italy , Lanvin Red Leather Faux Pearl Bow Ballet Flats SZ 39.5 , MUNRO AMERICAN 226575 black leather Mary Jane low wedge shoes sz. 10 SSKendall + Kylie Tenley Gold Womens Shoes Size 10 M Flats MSRP $140 , SAS Tripad Comfort Roamer Sz 9.5W Metallic Gray T-Strap Mary Jane Moccasin $169Free Lance Classics Size 36 Snakeskin Python Leather Heel Loafers Shoes FranceJosef Seibel Womens Ida FlatEU/5-- Pick SZ/Color. , Ryka Womens Black Fashion Sneaker Size 10 (23536)NEW BALANCE Women Barringer 890 Athletic Running Sneaker Size 7 Teal Black Grey , New ZARA BLACK - Redfoot Stylish, charming and very comfortable folding shoesTwisted X Boots Women's WDM0048 Boat Shoe , PUMA 19096302 Womens Ignite Limitless SR Netfit Wn Sneaker M- Choose SZ/Color.Nike Free Run Commuter Running Women's Shoes Size 10 , Brooks Womens Variation Black Walking Shoes Size 8.5 (2E) (24246) , Hot Womens Faux Suede Buttons Shoes Ladies 4 Colors Mid Calf Boots Stylish SizeJB GOODHUE 02380 Womens 10 w Leather Steel Toe Safety Shoes BLACK NEW
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Material 27479 Boots Girl Persia Persia Women's Boots Cognac d7fef32 Boots
824682
4301152
6894701
9307312
9708118
10553294
14415965
16009897
16817925
Powered by WordPress.com VIP.