The Buzz
All markets and investing news all the time

Diane Brown B Brown 14664 Suede Round Toe Zip Up Suede Platform Boots Size 39 9 9a671e4

Item specifics

Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Brand: Diane B
Material: Suede Style: Ankle Boots
US Shoe Size (Women's): 9 MPN: Does Not Apply
Leg Opening: 8" Color: Brown
UPC: Does not apply

Diane Brown B Brown 14664 Suede Round Toe Zip Up Suede Platform Boots Size 39 9 9a671e4 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Diane Brown B Brown 14664 Suede Round Toe Zip Up Suede Platform Boots Size 39 9 9a671e4
Diane Brown B Brown 14664 Suede Round Toe Zip Up Suede Platform Boots Size 39 9 9a671e4 -

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%.

Diane Brown B Brown 14664 Suede Round Toe Zip Up Suede Platform Boots Size 39 9 9a671e4

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Diane Brown B Brown 14664 Suede Round Toe Zip Up Suede Platform Boots Size 39 9 9a671e4 -
About This Author
Diane Brown B Brown 14664 Suede Round Toe Zip Up Suede Platform Boots Size 39 9 9a671e4 -
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
Gigi-43 Thigh High Over Knee Graffiti Print Pointy Toe Stiletto Heel Boot Black , IKRUSH Womens Annabelle Faux Leather Pointed Boots , IKRUSH Womens Annabelle Faux Suede Pointed BootsDark Brown Cable Knit LL BEAN Tall Boots w/Faur Fur Trim Worn Once US 7Libby Edelman Fayina Black Quilted Puffy Ankle Boots 8.5 New , Weatherproof Black Quilted Zip Front Grace Ankle Boot NewBetani Women's Milada-21 Faux Suede Pointed Toe Block Heel Dress Ankle BootsNEW Womens Isaac Mizrahi Live Andrea Suede Wedge Boots Espresso Sz 6 M ASO QVC! , URBAN Athletics Mono Black Sneakers Shoes size US 10Bare Traps Kelyn Block-Heel Ankle Booties Black 7 1/2 M 7.5 , Lamo Purple Suede Button Detail Faux Fur Mid Calf Boots New , SC35 Lolah Triple Strap Mid Wide Calf Riding Boots, Black , Shoes Block Heeled Buckled Combat Spiked Womens Slip On Boots US 4-7.5 , IKRUSH Womens Sarah Studded Knee High BootsBare Traps Tommy Womens Riding Boots with Buckles - Choose Medium or Wide CalfNEW Womens Isaac Mizrahi Live Abby Leather Riding Boots Black Sz 5 M ASO QVC! , Womens Leather Fuzzy Boots Size 10 Suede Faux Fur Mid Calf Brown TanNew Womens Girls Flat Army Biker Military Fur Lined Winter Ankle Boots Size 3-8Sporto Nan Grey Suede & Faux Fur Mule Bootie Shoe NEWSoda Womens Ankle Boots 8 Black New NWOTNew Women High Block Heel Buckle Platform Round Toe Shoes Ankle Boots Fashion , STEVE MADDEN Olster Brown Tan LEATHER tall BOOTS zip WOMENS 5.5 knee high RIDING , SEEVEES Wool Flannel Chukka Boots Blue Sneakers Shoes Womens sz 8 Maslon Desert , Western Chief Women's 10 Navy Blue Rain Boot Raindrop Burst Water Proof RubberStylish Women Over The Knee High Boot Roma Pull On Riding Boot Soft Leather Shoe , MukLuks Womens Shoe Size 10 Cream Brown Tall Winter Knit Boots Buttons AA7Ladies Thigh High Zipper Platform Evening Black Shoes Stiletto Heel All Sizes , Brown Leather Cowboy Boots 6 Women's Fave American Classics Made in USANew Women Nature Breeze Dallas-03 Suede Almond Toe Fringe Ankle Bootie Size
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 Vtg MERRELL Front Range CHEYENNE Brown Suede Hiking Boot Shoe Size 5.5 WomenVince Camuto Taupe Suede Round Toe Buckle Detail Zip Up Ankle Boots Size 7 MWoman & Young Girls Quest Snow Winter Boots - You Choose Size - Thinsulate - new , Antonio Melani Gold Brown design Pointed toe 3.5 inch heeled boot size 8.5 , Guess Amburr Mid Calf Lined Boots, Black MultiDIBA TRUE Western Brown Leather Ankle Boots 10 , $89 NWT Women's Juicy Couture Livia Women's Ankle Boots - Gray 6.5 , Extrreme By Eddie Marc Soho Flat Boots Brown with Buckle Size US 9Arche LN Womens Black Suede Side Zip Ankle Boots Size / US 6 - 6.5 FranceDurango Lady Cowboy Western Cowgirl Boots RD4100 Black Leather $130 Women's 7 MNew Guess BOWLER Women's Black Knee High Leather Boots 9.5M MSRP $199 NIBSteve Madden Black Leather Women's Grroupie Ankle Boot Size 9MMinnetonka Five Layer Black Suede Fringe Knee High Boots Women’s Sz 7 , Geox D Myria C PYT PR LE Womens High-Top Casual Shoes Snake Print Leather Black , Trippen Gold F Closed Collection Women's White Oxford Shoes Size Sz 41 US 9.5 , Sergio rossi Shoes 795642 BlackxMulticolor 35 , women's shoes MBT 5 / 5,5 () flats black patent leather performance BT29Stella Mccartney Binx White Womens Shoes Size 9 M Flats MSRP $600REPETTO - BALLET FLAT - SHOES - COURT SHOES - NICKY - SIZE 38 - GENUINE , Womens Leather Retro Ethnic Handwork Pull On Round Toe Comfort Oxford Shoes new , Ports 1961 Bow Knot Suede Leather Sneakers Slip On 38.5 Sanders Vince Shoes , SAINT LAURENT Black Leather Loafers Block Heel Round Toe Shoes Moccasins US 6.5Xeleros Women's Matrix II Leather, White/Blue, 11 B USadidas NMD R1 STLT PK Women's shoe CQ2031 'ASH GREEN' sz 8-10ASICS Women's Dynaflyte Running Shoe - Choose SZ/ColorAUTHENTIC STEVE MADDEN SAVIOR FASHION SNEAKERS SIZE 7.5M US NIB MSRP $89.95NIKE Women's Flyknit Lunar One Athletic Running Shoes - 9 - 554888-801 , Muffins Rainbow Thick Bottom Round Toe Wedge Heels Pull On Shoes ZsellWomen's Burberry Mormont Women's FLATS Navy Flats , Dansko Womens Maureen Mary Jane Flat- Pick SZ/Color. ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Diane Brown B Brown 14664 Suede Round Toe Zip Up Suede Platform Boots Size 39 9 9a671e4 Boots
Powered by VIP.