The Buzz
All markets and investing news all the time

Sperry Top Sider Size Women’s Boots HELENA, Sider Sequoia, Sperry Size 6 9e20dbf

Item specifics

New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Brand: Sperry Top Sider
US Shoe Size (Women's): US 6/UK 4/EU 36.5 Color: Sequoia
Style: Ankle Boots UPC: 883956027549

Sperry Top Sider Size Women’s Boots HELENA, Sider Sequoia, Sperry Size 6 9e20dbf -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Sperry Top Sider Size Women’s Boots HELENA, Sider Sequoia, Sperry Size 6 9e20dbf
Sperry Top Sider Size Women’s Boots HELENA, Sider Sequoia, Sperry Size 6 9e20dbf -

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%.

Sperry Top Sider Size Women’s Boots HELENA, Sider Sequoia, Sperry Size 6 9e20dbf

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Sperry Top Sider Size Women’s Boots HELENA, Sider Sequoia, Sperry Size 6 9e20dbf -
About This Author
Sperry Top Sider Size Women’s Boots HELENA, Sider Sequoia, Sperry Size 6 9e20dbf -
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
Lucky Brand Lorry Black Womens Shoes Size 7 M Boots MSRP $139 , Nine West New Ladivinia Black Womens Shoes Size 8 M Boots MSRP $139 , Lucky Brand SIZE 8.5 Black & Tan Stitching BootsNaughty Monkey Women's Dandy Leon Taupe Heeled Booties NMLB0099BORN BROWN TALL LEATHER BOOTS WOMENS SIZE 9 STYLE W6646 G5Rachel Roy Ankle Foldover Light Tauoe Suede Boots 7.5 EUC , Kenneth Cole Reaction Prove-N Step Ankle Boot, Men's- Size 7.5 M, Brown , Dolce Vita Brown Suede Tassel Chunky Heel Ankle Boots Size 9 NARROW , CHACO Hopi Moss Wool Lined Winter Buckle Leather Boots Brown Green Women's 7 , Wolverine Women's Kacey Composite Toe Cowboy Boots Size 7.5zara over the knee boots 36 6L'Artiste Women's LIDIA-BM Bronze Gold Hand Painted Leather Booties Size 40 $159 , MERRELL Brown Suede Boots Yarra Chestnut Waterproof Insulated~WOMENS Size 6.5 , Sam Edelman Size 8 Womens Back zip Tall Thigh High Leather Boots Brown , NEW Sam Edelman Women's Paige Ankle Boot in Putty/Taupe Rose Size 10 withbox , Montana West American Pride Collection Boots BST-US02-BK$198 FREE PEOPLE 'Loveland' Woven Bootie, Ankle Boot, Brown 37 sz 37 , Fashion Women's Boots Shark Teeth Abstract Waves Martin Boots For Women , Stuart Weitzman Gortex Womens Black Bootie Size 7.5 MNWB SIZE 9 M NINE WEST QUARRYN ROUND TOE CLOVE SUEDE LEATHER BOOTIESIvanka trump Bootie Black Leather Heel Pointy 7 , New Lucky Brand Embrleigh Brindle Gangnam Boots Brown Taupe 10 M NWOBRocket Dog Boots Womens Size 7.5 Square Toe Tan Suede Floral Western Boots G53CIRCUS BY SAM EDELMAN Heidi Bootie- Size 8.5- Chestnut- $90 , LAMB Booties Black Suede Leather 7 M , New Custom Silhouette Football Player Design Women's Martin Boots Fashion BootsAbeo B.I.O. Flora Shoes; Size 6.5N; New Without Box; Gorgeous! , Women's Kork-Ease Kissel Shoes Gray Leather Back Zip Ankle Boots Sz 6 M NEWAnne Klein Bayrose Zip Boots -Womens Size 10M-Black-Pre Owned
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 WOMENS SEVENTH AVENUE WAVE PATCHWORK BOOTS SIZE 6M 6 M , WOMEN'S ACORN Suede SLIPPERS ~ SLIP ON CLOG Purple shearling lined EUC 9 , JBU by Jambu Stefani Mid-Calf Rain Boots 064, Brown/Red, 6 US / 36 EU , +NEW! Sbicca Jiminy Suede Bootie, Women's Black OR Tan, Choose Your Size! , 2 Lips Too Women's Too Natasha Fashion Boot, Brown, 7.5 M USArturo Chiang Women Black Leather Ankle Boots Riding Zip 2" Heel Size 8MClarks Sillian Bootie Blue Womens Shoes Size 6 M Boots MSRP $120 , Denali 9 Gray Purple Hiking Shoe , Mi Bottes Pointues MANUFACTURE D'ESSAI Tout Cuir Noir T 39 BE , manufacturer Sam Edelman Womens Michelle Boot- Select SZ/Color. , Womens Harley Davidson Cruise Control Boots US 9~~(Orig.price $102.95 , Arturo Chiang Black Womens Leather Almond Tall Boot Size 8.5 , NEW! Sam Edelman Cambell Heeled Bootie Golden Caramel SZ 8.5Cowtown Red Leather Rodeo Riding Western Cowboy Boots Women's 5 M Barrel RaceSteve Madden New Eden Black Womens Shoes Size 5.5 M Boots MSRP $129DV by Dolce Vita Women's Black Leather Ferin Buckle Boot Size 6 , Skechers Women's Reggae Fest-Vector Ankle Bootie - Choose SZ/Color , Aerosoles Women's Crash Pad Mule, Dark Gray Suede, 7.5 M USCandela Purple Red Velvet Vinny Loafer Size 9 Never worn NWT , Women's Girl Cap Toe Leather Lining Flats Canvas Espadrilles Loafers4.5-11 35-42 , Womens Sneakers Casual Loafers Slip On Tassel Shoes Flat Creepers Student Shoes , ZARA PRINTED LEATHER SLIPPER SIZE US 7.5 NWT!!Earth Pax - Women's Lightweight Breathable Leathe Blush - 7.5 Medium , Crown Vintage Womens Telian Leather Closed Toe Loafers Taupe Size 6.0 8yGg , 41309 auth DOCLE & GABBANA black & white Boucle Ballet Flats Shoes 38AUTH ROGER VIVIER BALLERINA GOMMETTE FUCHSIA PINK SMOOTH LEATHER FLATS 37.5 , Yosi Samra Women's Vienna Ballet Flat - Choose SZ/ColorSesto Meucci Womens Nefen Leather Closed Toe Loafers Natural Size 7.5 jQbl , converse all star Dark Denim Flower Print , New Global Win GLOBALWIN Women's 1735 Black Waterproof Snow Boots 10M US ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Sperry Top Sider Size Women’s Boots HELENA, Sider Sequoia, Sperry Size 6 9e20dbf Boots
Powered by VIP.