The Buzz
All markets and investing news all the time

WOMEN'S SKI PAJAR 38, 38, 7.5 Real FUR BOOTS Real SNOW SKI Made in ITALY a2daa11

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
Country/Region of Manufacture: Italy
Color: BLACK Heel Height: Low (3/4 in. to 1 1/2 in.)
Occasion: Casual US Shoe Size (Women's): 7.5
Brand: PAJAR Material: black FUR
Heel Type: WALKING HEEL Width: Medium (B, M)

WOMEN'S SKI PAJAR 38, 38, 7.5 Real FUR BOOTS Real SNOW SKI Made in ITALY a2daa11 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
WOMEN'S SKI PAJAR 38, 38, 7.5 Real FUR BOOTS Real SNOW SKI Made in ITALY a2daa11
WOMEN'S SKI PAJAR 38, 38, 7.5 Real FUR BOOTS Real SNOW SKI Made in ITALY a2daa11 -

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%.

WOMEN'S SKI PAJAR 38, 38, 7.5 Real FUR BOOTS Real SNOW SKI Made in ITALY a2daa11

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
WOMEN'S SKI PAJAR 38, 38, 7.5 Real FUR BOOTS Real SNOW SKI Made in ITALY a2daa11 -
About This Author
WOMEN'S SKI PAJAR 38, 38, 7.5 Real FUR BOOTS Real SNOW SKI Made in ITALY a2daa11 -
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
Matisse Tan Leather Over the Knee High Heel Fashion Boots Size 6.5 M LEXI 14865VTG WOMENS UNIROYAL RUBBER BOOTS SZ 9Montana West Fringe Collection Boots BST-103-CoffeeNEW* Sam Edelman PENNY Dark BROWN Leather Knee Hi Boot 4.5 M (msrp$189+)Dolce Vita Vergo Platform High Heel Booties, Galaxy Grey Suede , Women's 6.5" Tall Vintage LL Bean Maine Hunting Duck Boots Waterproof Size 9 M , I35 Tabithaa Over The Knee Slouch Boots 611, Black, 10 US , New Sofft Selby Chelsea Bootie women's bootsSam Edelman Petty Ankle Boots - Women's Size 8.5 M, Putty , Don Ed Hardy Tall Boots Womens 5 Faux Fur Lined Green Suede Printed EmbellishedTONY LAMA Womens Black Leather Western Cowgirl Cowboy Boots Style H SZ 7MVince Camuto Beatrix Ankle Studded Riding Boots, Black, 5.5 US / 35.5EU Display , Bogs BERKLEY-W Womens Berkley Rain Boot- Choose Size 11 / Black , WOMEN'S BOGS SIZE 7 STYLE 72053 312 AMANDA SLIP ON BOOT LIGHTWEIGHT RAINLuichiny Orange Vegan Leather Crunch Time Ankle Booties Womens Size US 11M NIB , NEW Women's Gianni Bini Crosbie Moto Boots Black Leather Size 6.5 Motorcycles , NEW BORN TALL BLACK SUEDE LEATHER BOOTS SIZE 35.5 5M USVince Camuto Brown Leather Tall Riding Boots Women's 9 M , Steve Madden Harber Taupe Suede Leather Slip On Ankle Boots New , Justin Bent Rail Western Boots Puma Tan Cowboy Women’s Size 8 BRL103 Made in USA , Alegria Womens Hayden Ankle Boot Beauty Blur Sz 40/ 9.5 -10 USWomans Ariat western boots style size US 8.5B cowboy black red yellowMerrell 'Snowbound Mid' Waterproof Faux Fur Lined Boot in Charcoal Women's 7.5 , B.O.C. by Born Z20657 Delavigne Coffee Ankle Boots with Strap and Buckle Accent , Splendid Liv Black Leather Ankle Boots Size 7.5M $188VTG WOMENS FREEBIRD BY STEVE CASUAL LEATHER BRICK RED BOOTS SIZE 9 , BEARPAW RAINA Sheepskin Knitted Wool Winter Boots Womens Hickory 9 NEW IN BOX , Justin Boots Women's Leather Kipskin Pull On Round Toe Cowboy Boots Red , KEEN Revel ll insulated leather winter hiking boots - womens 10
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 micky-12 Fashion Over the Knee Zipper 5 Inch Heel Women Winter Boots Purple 6.5- , Leotta by Naturalizer Womens Faux Fur Lining Suede Black Winter Boots Size 9.5MWOMEN'S SHOES 40 BOOTS BY RAIN COMBAT BOOTS BATA FUND FUCHSIALIZ & CO Fashion HIGH HEELS Woman Leather Boots Size 7 MGorgeous leopard print rain boots (Urban Outfitters) size 8Marco Tozzi 27120-20 Women Black Patent Sandal_New ArrivalLaid Back London Mocassins, Brown Suede Fringe, Ladies 39 8 - 8.5 , Style by Charles David Women's Vince Fashion Boot, Taupe, 9 Medium USNaughty Monkey Cross My Heart Women's Strappy Buckle Boots Booties , New Pair of Women's Baker's "Bow" Booties - Size 9M - NIBNEW NASTY GAL $258 TAKE IT UP A NOTCH BLACK LEATHER BOOTS SZ 38 , Anne Klein AK Sport Women's Jetta Navy Fabric Ballet Flat, Navy Multi 9 M US , NIB Sperry Top-Sider A/O 2-Eye Boat Shoes Python Black Womens Sz 5Cape Robbin Terra-1 Rose Gold Sequin Booties Size 7 NWOBSteve Madden Gorgeous Over-The-Knee Dress Boots 351, Black, 10 US$200 Cole Hann- Women's Black Arlyss Skimmer II StormCloud Sz:9B , Giorgio Armani Black And Blue Satin Evening Formal Low Heel Pumps 9 1/2 $845Sabrinas Moon V18 Platino Gold Fleck Suede Loafer Flat Comfort Shoe 37NewSummit White Mountain Women's Kade Flat Platinum Brushed Metallic Leather FlatsWomens MUNRO AMERICAN dark brown suede loafers shoes sz. 10 NEW! $199 , WOMEN'S BLACK Suede ARCHE LOAFERS SIZE 41 - NEW WOBWomen's Adidas Tubular Shadow Sneakers Size 5 Very Nice!!! , Reef RF0A362E-GCR-080 Womens Girls Walled Hi Fashion Sneaker- Choose SZ/Color.NEW SKECHERS WOMENS BOBS SPORT SQUAD SIZZLE SNEAKER , Skechers Sport Womens Ez Flex Big Money Fashion Sneaker- Pick SZ/Color. , Adidas Grand Prix Magenta Pink Rare Ds New Sz Wmns 8 New , Women's JANA Boots 25465 Gris Marron BootsWomen Peep Toe Slide Multi color Stilettos Heel Rhinestones Pumps Clubwear shoesDansko Professional Clogs White Leather Nursing Clogs Size 43 US 12-13 , Trotters Women's Lucy Woven Slingback Navy Leather Slingbacks
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
WOMEN'S SKI PAJAR 38, 38, 7.5 Real FUR BOOTS Real SNOW SKI Made in ITALY a2daa11 Boots
Powered by VIP.