The Buzz
All markets and investing news all the time

Women's Boots F5684 localjoes-27793 Ladies Spot On Boots F5684 Boots 644a681




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
Style: No data
Width: Various US Shoe Size (Women's) 1: Various size
Main Colour: Various Brand: Spot On
Fastening: Zip Up

Women's Boots F5684 localjoes-27793 Ladies Spot On Boots F5684 Boots 644a681 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Boots F5684 localjoes-27793 Ladies Spot On Boots F5684 Boots 644a681
Women's Boots F5684 localjoes-27793 Ladies Spot On Boots F5684 Boots 644a681 - 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%.

Women's Boots F5684 localjoes-27793 Ladies Spot On Boots F5684 Boots 644a681

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Boots F5684 localjoes-27793 Ladies Spot On Boots F5684 Boots 644a681 - hollisbaker.com
About This Author
Women's Boots F5684 localjoes-27793 Ladies Spot On Boots F5684 Boots 644a681 - 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
 
Women's LADIES SNOW BOOTS BootsWomen's Ladies Snowfun Boots 8.886709 Boots , Women's LADIES LEOPARD RUBBER WELLINGTON BOOTS Boots , Women's Qupid Women's Bosa-02 Boot BootsWomen's LADIES BLACK WELLINGTON BOOTS Boots , Women's LADIES WELLINGTONS "PINK/WHITE" BootsWomen's WOMANS HEELED PATTERNED WELLINGTONS Boots , Women's Ladies Spot On Boots F50205 BootsWomen's LADIES WELLINGTONS "DARK FUCHSIA" BootsWomen's LADIES SNOW BOOTS (NAVY) Boots , Women's WOMANS PATTERNED FASHION WELLINGTON BOOTS BootsWomen's Stylish Flat Flock Winter Boots Boots , Women's LADIES HORSE RIDING WELLINGTONS Boots , Women's LADIES COCO BLACK BOOTS L9326 Boots , Women's NEW LADIES "WOODLAND" WELLINGTONS BootsWomen's LADIES RIP CURL BROWN BOOTS BootsWomen's SHOES ladies Boots , Women's LADIES PURPLE WELLINGTONS "X1073" Boots , Women's BOOTS WOMENS SIZE 6 1/2 Boots , Women's Faux Leather Buckled Ankle Booties Boots , Women's Bottines Atika BootsWomen's Ladies Black/Grey CoCo Boots L9342 BootsWomen's womens shoes size 9 Boots , Women's Blowfish High Heel Ankle Boot Boots , Women's Women's Winter Waterproof Ankle Boots Boots , Women's WOMENS WINTER BUTTON BOOTS(EVA20) BootsWomen's Beautiful Suede Tall Boots~Size 6~EUC! BootsWomen's Womens Block Heel Over-The-Knee Boots Boots , Women's Ladies Snowfun Snow Boot Boots ,
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 3600565 LTFTBTT50 Women's Shoes Size 7 M Black Pull On Boot H.S. TRASKClarks Womens Ann Mid Heel Shoe Size 8.5 Soft Cushion Black Metallic Zip Slip On , GUESS glistening black leather side zip calf buckle tall slouch dress boots 10Mac J Laser Hologram Denim Fabric High Heel Thigh Boot Us Size 5.5-10Converse All Stars CT Womens 9M Suede Sneaker Boot Black Andover High $90 , New Womens Ladies Studded Buckle Ankle Boots Chelsea Biker Punk Strappy SizeDingo Cowgirl Boots Natural Women’s Cowboy Distressed Cream Off White Boots SZ 6Circus by Sam Edelman Women's Carmela Sneaker, Grey Frost, 9 Medium US , Chic Women slouch boot Pull On ladies flat heel round toe suede shoes Plus Sz , Anne Klein Womens Heward Suede Closed Toe Mid-Calf Fashion BootsNIB! KENNETH COLE Hil Brazil Knee-Hi BOOT 10 M $198 , MINNETONKA MOCASSIN NEW Black Suede Round Toe Flat Moccasin Booties Size 10 , Caterpillar ARGON WMNS Comp Safety Toe Womens Work Brown Leather Shoes , CARLOS by Carlos Santana FAWN Brown Leather Tall Knee Flat Riding Boots Size 8CARLOS by Carlos Santana Brie Booties, Women's Size 5.5, Doesize 8.5 BRUNO MAGLI black satin monogram pointed toe goretex boots witchy gothLouise Et Cie Barry Ankle Strap Suede Flat Shiraz Red Women Sz 6.5 M 1319Twisted X Women's Multi Color Woven Driving Mocs WDM0084 , Women White Sneakers Leather and Glitter Shoes Victoria Spain NEW , $228 EUC Tory Burch Reva Women's Size US 10B Pink Patent Leather Ballet Flats A5 , Baby Phat Alexa Womens Black ShoesSteve Madden Womens Amori Blue Fashion Sneakers Shoes 7 Medium (B,M) BHFO 6106NEW Ladies SPERRY Top-Sider Women's Canvas Comfort Slip On Light Sneakers GrayFitFlop Womens Tassel Superskate D'orsay Loafer Shoes, Dusky Pink, US 8Skechers Skech - Air Infinity - Stand Out Black Silver Womens Trainers , MAX Ladies Women Wedge Heels Shoes Platforms Casual Athletic Trainer Slip on , THE SAK Women's Echo Tribal Slip-On Pink Embroidery Size 8 M , Women's Rieker-Antistress Women's 74689 Flats , Delicious Women's Embroidered Rose Floral Lucite Clear Heel Peep Toe Bootie , Brunello Cucinelli Pink Pebbled Leather Slip Ons Sz IT37/US7~RTL$750
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women's Boots F5684 localjoes-27793 Ladies Spot On Boots F5684 Boots 644a681 Boots
4174744
5213933
10856911
12222350
13761301
15308329
15346876
17116429
18135390
Powered by WordPress.com VIP.