The Buzz
All markets and investing news all the time


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: Hush Puppies
US Shoe Size (Women's): 8 Style: Ankle Boots
Width: Medium (B, M) Heel Height: Low (3/4 in. to 1 1/2 in.)
Material: LEATHER UPPER, BALANCE MAN MADE Pattern: Geometric
Country/Region of Manufacture: China Fastening: Lace Up
Color: Black Occasion: Casual
UPC: Does not apply

Hush Puppies BLACK BOOTS WOMENS SIZE Hush BLACK SIZE 8 M 7826ba6 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Hush Puppies BLACK BOOTS WOMENS SIZE Hush BLACK SIZE 8 M 7826ba6 -

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%.


Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Hush Puppies BLACK BOOTS WOMENS SIZE Hush BLACK SIZE 8 M 7826ba6 -
About This Author
Hush Puppies BLACK BOOTS WOMENS SIZE Hush BLACK SIZE 8 M 7826ba6 -
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
J Crew Short Zip Ankle Boots Brown Suede Hair Winter Boots Size 6.5 Italy GommusVictoria’s Secret Colin Stuart leather Toggle Boots w/ Fur Lining, Beige 10M , NOCONA Women's Brown Leather Cowboy Western Boots - Sz 8 B - MADE IN USABare Traps size 10 Elexa brown leather boots "fur" edged shortNIB Iron Fist Fire Flamin Sign Black & Red Boots Shoes Sz. 10 New SOLD OUTTurner-13! Qupid Knee High Side Zipper Buckle Riding Boots Black LeatheretteTousle! By City Classified Slouchy Classic Knee-high Boots Brown Leatherette , CHOOKA, TIGHT HERRINGBONE RUBBER BOOTS, WOMEN'S, BLACK, US SIZE 7 MEDIUMCasual Women Rivet Block Heels Buckle Strap Ankle Boots Faux suede Shoes plus sz , New Women Qupid Wilson-02 Faux Suede Pointy Toe Slit Chunky Heel BootieWomen's Pointed toe High stiletto Heels Back Zip booties Ankle Boots Pumps ShoesSweet Women's Casual Ankle Boots Winter Warm Snow Fur Lined Pull on Bowknot Flat , Womens 5.5 M RG Response Gear 6” Delivery II Tactical Boots Black Leather WorkRieker Boots Tex Two Tone Brown Leather Side Zip Ankle Boots Wool 39 Free Ship , Womens 7 7.5 M 38 Rieker Kendra Brown Leather Ankle Boots Side Zip Comfort Shoes , Casual Womens Faux Suede Pull On Wedge Heel Knee High Boots Winter Warm Shoes sz , Womens sz 10 M LAMO tan suede sheepskin shearling fur boots mukluk tall winter , Red/wht 3" Knee High Boot With Zipper Womens Shoes Boots Adult Women Ellie SexyS.O. Parka Black Fx Suede Leather Riding Slouch Knee High Low Heel Boots 6 $80 , Womens 5 M Neiman Marcus Made in Italy Brown Leather Cowboy Boots Pointed AnkleWomens 9 M Clarks Black Leather Ankle Harness Boots Zip Riding Block Heels BikerAnthropologie Seychelles Womens sz 7 M Brown Leather Knee High Tall Riding BootsStuart Weitzman Brown Suede Booties, Size 8.5Womens 8 M Vtg 9 Nine West taupe tan leather knee high equestrian riding boots , Sexy Neon Glow Knee High Full Inner Side Zipper Gogo Boots Shoes Adult WomenWomens 8 M Reba Whisper Cuff Booties Taupe Suede Leather Ankle Boots Harness ZipWomens 8 sz 38 Alberto Fermani Isabella gray suede leather ankle boots side zip , Kenneth Cole REACTION Women's Tap Dance Slip Shootie with, Black, Size 8.5Wrangler Vintage Womens 6.5M Western Cowboy Boots Tan Burgundy Leather Suede A14
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 Women Faux Suede Knee High Boots Fur Lined Buckles Booties Shoe Low Heel Pull OnReport Girls Juliee Black Boot Size 5.5Brand New Calypso shoe boot size 39 , Socofy Womens / US 9 Brown Leather Ankle Zipper Boots , Jambu Women's INDIGO Leather Comfort Boots TAUPE Size: 9.5 Medium New In Box , Womens Faux Suede Ankle Boots Hidden Wedge Heels Platform Snow Shoes Plus SizeNine West NWSphinx Black Leather Fashion Dress Casual Knee Boot Heels Size 9.5STEVEN STEVE MADDEN INTYCE Wine LEATHER KNEE HIGH WEDGE BOOTS WOMEN'S 9.5 MWillow Riding Boots Banana Republic Size 7.5 Black Leather Knee Gold AccentsNEW Muck Boot Arctic Weekend Mid Rubber Black Swirl Winter Boots Women’s 11 , Kensie Ono Slouch Boot - Women's Size 9, BlackEast 5th Rico Heeled Ankle Boots Brown Size 6MMetoo Brayden 14 Women Brown Suede Knee High Wedge Heel Boots Size US 8.5 MHunter Women's Black Rubber Pull On Mid Calf Waterproof Rain Boots US Size 7New Simply Vara Boots Size 6.5 Danna Black Faux Suede Alligator Print AnkleAerosoles After Hours Riding Boots 356, Dark Brown Combo, 10 USBCBG Kadeer Women’s Brown Suede Side Zip Wedge Ankle Boots Size 8M $150 S6Vince Camuto Oboy Black Fashion Knee High Leather Boots 6New Balance 620 Suede Sneakers Tennis Shoes Size 7.5 Navy Blue FREE SHIPPING , Allen Edmunds ladies 9 B driving moccasins shoes flats PINK fur lined warmth , Merrell Select Fresh Performance Ballet Flats Slip-On Women's Sz 9.5 , Tabitha Simmons Hermione Black Velvet Mary Janes pointy flats ballerinas 35.5 36 , Laura Bellariva 7057 Black Leather / Buckle Pointy Booties Shoes 39.5 / US 9.5Attilio Giusti Leombruni AGL Cap Toe Ballet Flats Pewter Snake Combo SIZE 37.5women's shoes PINKO 8 () slip on white silver paillettes BT251-38Brooks Launch 4 Running Shoe, Women's Size 6.5 B, Black/Fuchsia/Blue , Womens BORN 225229 champagne shimmer leather ballet flats sz. 7.5 M NEW! $110 , Vintage Size 6 Leather and Fur Moccasin Slippers, Beadwork 1930s,1940s 9.5" long , NIKE AIR MAX THEA PRM WOMEN'S SZ 6 NEW 616723-900 PRM SP 90 95 1 LABVans Palisades Vulc Wool Natural White Women's Size: 10
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Hush Puppies BLACK BOOTS WOMENS SIZE Hush BLACK SIZE 8 M 7826ba6 Boots
Powered by VIP.