The Buzz
All markets and investing news all the time

Rocket Dog Women's Walden BootBlack Houndstooth7 Wide Houndstooth7 Dog Walden M US a4d8f1c




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
Department: womens
US Shoe Size (Women's): Does not apply Size: 7 M US
MPN: WALDENWH Color: Black Wide Houndstooth
Model: WALDENWH Style: Does not apply
Brand: Rocket Dog UPC: 886128077731
EAN: 0886128077731

Rocket Dog Women's Walden BootBlack Houndstooth7 Wide Houndstooth7 Dog Walden M US a4d8f1c - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Rocket Dog Women's Walden BootBlack Houndstooth7 Wide Houndstooth7 Dog Walden M US a4d8f1c
Rocket Dog Women's Walden BootBlack Houndstooth7 Wide Houndstooth7 Dog Walden M US a4d8f1c - 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%.

Rocket Dog Women's Walden BootBlack Houndstooth7 Wide Houndstooth7 Dog Walden M US a4d8f1c

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Rocket Dog Women's Walden BootBlack Houndstooth7 Wide Houndstooth7 Dog Walden M US a4d8f1c - hollisbaker.com
About This Author
Rocket Dog Women's Walden BootBlack Houndstooth7 Wide Houndstooth7 Dog Walden M US a4d8f1c - 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
 
RIVER LADIES LEATHER SHORT BOOTS SIZE 7.5 , Blowfish Womens dundee Closed Toe Knee High Fashion Boots Black Size 10.0 hPLrFashion Red Warm Winter Snow Ankle Boots Waterproof Non-slip Shoes for Women-7.5Forever Women's Buckle Strap Block Heel Ankle Booties Tan 8.5Fashion Blue Warm Winter Snow Ankle Boots Waterproof Non-slip Shoes for Women- 9 , Bare Traps Womens danula Almond Toe Ankle Cold Weather Boots Black Size 8.0 b0Cape Robbin Benny Smoke Open Toe Block Chunky Clear Perspex Heel Ankle BootieIndigo Rd. Womens finn Fabric Open Toe Ankle Fashion Boots, New Sattel, Size 7.5Aerosoles Womens double trouble 2 Closed Toe Ankle Fashion Tan Suede Size 6.5 , Womens Sexy Red Round Toe Mid Calf Boots Fashion Strap Buckle Rain Boot Shoes yh , Aerosoles Womens double trouble 2 Closed Toe Ankle Fashion Navy Suede Size 5.5Sugar Women's SGR-Maybe Baby Ankle Boot, Black Micro, 6.5 Medium US , Restricted Womens ALICE Closed Toe Ankle Fashion Boots Black Size 6.0 23MsBare Traps Womens danula Almond Toe Ankle Cold Weather Boots Black Size 9.0 IP , Eight Second Angel Womens bailey double buckle Suede Almond Toe Black Size 8.0 , Sugar Womens Prodigy Closed Toe Over Knee Fashion Boots Tan Size 6.5 ggyvMaine Woods Shirley Faux Fur Lining Faux Leather Upper - 9MAerosoles Womens double trouble 2 Closed Toe Ankle Fashion Tan Suede Size 5.0 , Chooka Womens Flex Fit Elastic WIDE CALF Rubber Closed Toe Pebble Size 5.0 SN2Bella Vita Women's Klaudia Ii Ankle Bootie Tapestry Size 8.0Aerosoles Womens double trouble 2 Closed Toe Ankle Fashion Tan Suede Size 5.5Black Skechers Leather Shoes Boots US 10Madden Girl Womens destory Closed Toe Ankle Fashion Black Fabric Size 8.5 1DooJournee Collection Womens Pixie Peep Toe Ankle Fashion Boots, Nude, Size 5.5Marc Fisher Womens Amber Leather Closed Toe Knee High Fashion, Brown, Size 5.5 9Call It Spring Womens MOILLAN Round Toe Ankle Fashion Boots, Black, Size 8.0Bare Traps Womens kelyn Closed Toe Ankle Fashion Boots Brown Size 6.0 qphVLifeStride Women's Jamie Ankle Boot, Black, Size 7.5Bare Traps Womens danula Almond Toe Ankle Cold Weather Boots, Taupe, Size 6.0 gQ
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 Womens Warm Pull On Platform Hidden Wedge Heel Argyles Snow Mid Calf Boots Shoes , Sloggers 5113BP06 Rain&Garden Shoe,Wo's Size 6, Black/White Polka Dot PrintAlexandra Neel Suede/Leather Black Boots Gold Ornate Buckles, Size 8.5 , madden girl Become Casual Ankle Boots, Black ParisDr Scholls Daina Womens Wedge Ankle Boots size 6 7 8 9 10 11 NEW , NEW FASHION WOMEN MID-CALF FUR LINED WARM WINTER SNOW BOOTS PAMMY-02 /BLACKWomens Clubwear Shoes Synthetic Leather High Heels Over Knee Boots US Size b017 , Juicy Couture Winter Snow Boots * 7 * Black, Red, White Snowflake Knit , Hokkaido-3 Over Knee Thigh High Snake Skin Pointed Toe Stiletto Heel Boots , Staheekum Brand Womens Annika Closed Toe Ankle Cold Weather, Black, Size 8.0 , Nancy Li BC5018 Black Low Heel Round Toe Knee High Boots , Boxed - Dr. Martens Teresa Black Leather Boots US 6 Worn Once - DMsColumbia Winter Snow Boots Womens Waterproof BlackFrye "Carmen" 3 Strap Black Distressed Leather Harness Boots Style Sz 9BTorrid 10.5 Wide Wide Calf Black Faux Leather Strappy Back Tall Wedge Boots NEWRalph Lauren Brown Leather Pointed Toe Wooden Cuban Heel Boots Booties Size 8 , Women Chelsea Ankle Boots Leather Pointy Toe Block Heels Strappy Zipper Shoes , Kenneth Cole REACTION Women's Very Clear Motorcycle BootLucky Brand Lelah Ankle Boots - Women's Size 8.5 M, BlackPrada Ballet Flats 6 36 Black Leather Elastic Criss Cross Straps Round Toe Mocs , Slip-on model 112017 Zoki - Matter - Shoes , LADIES SHOES/FOOTWEAR - Sundowner Julee natural boot , Donald J Pliner Dance 2-T5 Womens Tulipano Fabric/Leather Flats size 7.5 , Prada Black Camouflage Flats Size 8 , El Naturalista Women's NG96 Yggdrasil Mule Kaki 38 EU/7-7.5 M US , Aravon Women's WEF07BK - Choose SZ/Color , Tieks By Gavrieli Ballet Flats Size 8 Leather Matte Black Womens Travel FoldNEW Brooks Women's 8.5 PR MD Running Spike Athletic Shoes Neon Green Silver , Fila Memory Ryzer Running Women's Shoes , adidas by Stella McCartney Women's Adizero Adios Sneakers
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Rocket Dog Women's Walden BootBlack Houndstooth7 Wide Houndstooth7 Dog Walden M US a4d8f1c Boots
2828935
5065233
5813792
6128122
6771425
8202831
10201523
11482155
14420437
Powered by WordPress.com VIP.