The Buzz
All markets and investing news all the time

Spot On Spot Ladies High Ankle High Boots F50326 Black or 16749 Dk Brown to 8 (R15A) b901125

Item specifics

New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Style: Ankle Boots
Country/Region of Manufacture: China Material: PU
EU Shoe Size: EU36 X 41 US Shoe Size (Women's) 1: 5
Main Colour: Black or Brown Heel Height: Low Heel (0.5-1.5 in.)
Pattern: No Pattern Lining: Synthetic/Textile
Fastening: Side Zip Brand: Spot On
Sole: Synthetic Exact Heel Height: 1"
Occasion: Casual

Spot On Spot Ladies High Ankle High Boots F50326 Black or 16749 Dk Brown to 8 (R15A) b901125 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Spot On Spot Ladies High Ankle High Boots F50326 Black or 16749 Dk Brown to 8 (R15A) b901125
Spot On Spot Ladies High Ankle High Boots F50326 Black or 16749 Dk Brown to 8 (R15A) b901125 -

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%.

Spot On Spot Ladies High Ankle High Boots F50326 Black or 16749 Dk Brown to 8 (R15A) b901125

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Spot On Spot Ladies High Ankle High Boots F50326 Black or 16749 Dk Brown to 8 (R15A) b901125 -
About This Author
Spot On Spot Ladies High Ankle High Boots F50326 Black or 16749 Dk Brown to 8 (R15A) b901125 -
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
EDDA! Delicious Women's Pointy Buckles Accent Stiletto Ankle Booties in Black , Women Winter Faux Suede Fur Boots Side 2 Buckle Shoes Mid Calf Cowboy Cozy TeddyFashion Womens Block High Heel Buckle Rivet Punk Boots Mid Calf Boots Shoes SizeJessica Simpson Bootie Women size 8.5Women Tassels Wedge Hidden Heel Pull on Ankle Winter Warm Boots Comfort Shoe NewMUK LUKS Women's Patti Fashion Boot, Moccasin, Size 8.0 , Qupid Black And White High Heels Stiletto Dress Pointy Toe Bootie Ankle Boots , New Women Wild Diva Yama-01 Velvet Embroidered Stars Block Heel Ankle Boot'Shoe Box' Black Boots with Gold Buckle Zip up Heel 4" Size New BoxedEarth Origins Women's Crowley Water Repellent Ankle Boot in Blue Size 7 Wide , Cute Black 3" Wide Width Gogo High Boots W/ Zipper Ellie Shoes Adult WomenCole Haan Boots Italy Calf 2" High Heel Square Toe Leather Women's Size 7.5 B , Earth Women's Orchard Tall Shaft Boots w/ Strap Details in Bordeaux Red Size 8.5FOLK - FOLK CLOTHING - ‘LUCY’ SHOE BOOTS / TAN SUEDE / / RRP , Womens black glittery 4"Block High Heel Over Knee Sexy Boots Size 9 , Very Volatile Fringe Boot Bootie Women size 8 Brownnew Black/See Through 6"High Block Heel 2"Platform Sexy Ankle Boots Size 6.5 , Tsubo Ankle Boot Bootie Women size 6 Gray LeatherVintage Rodeo Dr Boho Cowboy Boot Women size 7Womens Nylon Single Strap Waterproof Stable Hiking Thermal Mid Calf BootIvory-41 Pointed Toe Stiletto High Heel Side Zipper Ankle Boots , Franco Sarto Women's Jubilee2 Ankle Boot, Navy Dark Multi, Size 8.0Beverly-05 Over Knee Thigh High Heel Elastic Stretchy Pointy Toe Boots BlackVera Wang Black High Heel Double Buckle Ankle Booties Sz 8 Black Leather Spike , Winter Warm Womens Fashion Knee High Boot Buckle Pull On Round Toe Knight Boot , Sperry Top Sider Rubber Boot Shoe Womens US 6.5 Waterproof Pre Owned Good Cond , IKRUSH Womens Sasha Studded Ankle Boots , vogue Women's side zip round toe block low heels non slip comfort ankle bootsIKRUSH Womens Tina Chain Ankle 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 MINNETONKA Women's GRAY Suede Mid-Calf Two Layer Fringe Casual Flat Boots 5M USNIB Clarks Araya Hale Suede Shootie Heeled Ankle Bootie Shoe Pump Black Sz 9.5 M , Vintage Dan Post Leather and Snakeskin? Cowgirl Western Boots! Size 6 1/2" , Khombu Women's Waterpoof Winter Boots Black Nordic 2- Size 8M- FREESHIP , Journee Collection Womens Rimi Closed Toe Ankle Fashion Boots Pink Size 8.5 qABrown 4.5" Wedge Heel 1.5" Platform Pointy Toe Ankle Boot Size 7.5 , Nine West Nolynn Black Womens Shoes Size 5.5 M Boots MSRP $99Womens Naturalizer Distressed Vintage Brown Leather Cowboy Boots Size 10 Phoenix , Belle Siegerson Morrison NWOB Black Suede Patent Trim Mid Calf Boot Shoe 8.5Womens 6 M Blondo Via Brown Sheepskin Shearling Waterproof Boots Knee High Zip , FERGALICIOUS by Fergie Athena Womens Brown Riding Boot Size 7 , JSport by Jambu Womens Calgary Too Red Snow Boots 8.5 Medium (B,M) BHFO 9538Vintage PILGRIM Shoe Cameo Neolite Sole Women's 7.5 B US Black Miss J RARE!Cole Haan Womens RTN Closed Toe Mid-Calf Riding Boots, Black, Size 6.5Ladies Clarks Brynn Harper Black Leather Smart Zip Up Shoe Boots E FittingCarlos by Carlos Santana Graham Ankle Booties, BlackCougar Zephyr Suede Tall Boots - Women's Size ?, Brown (REPAIR) , DR. MARTENS RED CHAMBRAY TWILL COMBAT BOOTS 8 , Flat Nine West Sachin Taupe Multi , J/Slides - Ariana - Dark Grey Embossed Leather , New Dr Martens 8065 Mary Jane Leather ShoesMAX MARA Women's Gene Patent Leather Kiltie Loafers $620 NIBASICS Gel Kayano 16 Running Shoe Womens Size 9 2A Narrow White Blue Sneaker , MODZORI Women's Giza Studded Reversible Platform Clog Brown Metallic/Black , Ivanka Trump Women's Hellan3, Black Suede, 9 Medium US , Calvin Klein Gayla 2 CK Logo Jacquard/Patent Womens Black Sneakers size 8.5-9New Women's Fila 5SR20893-092 Nitro Fuel 2 Energized Sneakers Size 6.5 (K3)New Adidas Honey MID Women's Light Blue Sneakers 910566 , FRANCO SARTO Black Suede Leather MAGIA Side Zip Mid Calf Platform Heels Boots 7M , Santana Canada size 9 brown loafers comfort mules shoes low heels ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Spot On Spot Ladies High Ankle High Boots F50326 Black or 16749 Dk Brown to 8 (R15A) b901125 Boots
Powered by VIP.