The Buzz
All markets and investing news all the time

Diamondback RB001-16-C Adjustable Cuff Waterproof Boot Over Waterproof Shoe Boot 16 Diamondback in Unisex Ye 92a7da4




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
Brand: Unknown
Style: Rainboots MPN: RB001-16-C
US Shoe Size (Women's): 16 UPC: 045734911963

Diamondback RB001-16-C Adjustable Cuff Waterproof Boot Over Waterproof Shoe Boot 16 Diamondback in Unisex Ye 92a7da4 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Diamondback RB001-16-C Adjustable Cuff Waterproof Boot Over Waterproof Shoe Boot 16 Diamondback in Unisex Ye 92a7da4
Diamondback RB001-16-C Adjustable Cuff Waterproof Boot Over Waterproof Shoe Boot 16 Diamondback in Unisex Ye 92a7da4 - 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%.

Diamondback RB001-16-C Adjustable Cuff Waterproof Boot Over Waterproof Shoe Boot 16 Diamondback in Unisex Ye 92a7da4

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Diamondback RB001-16-C Adjustable Cuff Waterproof Boot Over Waterproof Shoe Boot 16 Diamondback in Unisex Ye 92a7da4 - hollisbaker.com
About This Author
Diamondback RB001-16-C Adjustable Cuff Waterproof Boot Over Waterproof Shoe Boot 16 Diamondback in Unisex Ye 92a7da4 - 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
 
DANNER Boots Women's Size 11 Work GORE-TEX Waterproof Tan Leather #B2014 , SC35 Witty Winter Boots 143, Black, 7 US , AR35 Adarra Knee-High Riding Boots 304, Truffle, 6 USNew Zara Trf Woman Embroidered Ankle Boot Chunky Heel Chinoiserie 7.5 Black GoldGeox Pink Bootie Platform Ankle Boots , SC35 Witty Winter Boots 586, Black, 6 US , Shoe Dazzle Women's Adeelah Block Heeled Over Knee Boots HD3 Black Size US:7.5Ankle Boots Black Wedge Spikes Canvas London Rebel Women size 10 NewMERRELL Boots Women's Size 6 Hiking Waterproof Gray Leather #B2070� BLACK All Glittered Low Heel BOOTIES / ZIPPER , Stuart Weitzman Black Patent Leather Peep Toe Pump Size 9 ShoeBronx Mixer Wheat Leather, Fur Lined Chukka Boots. Size 40..Approx 7Carlos by Carlos Santana Jade Peep Toe Ankle Booties 457, Flax, 10 US / 40 EUMG35 Raquel Gladiator Ankle Booties 260, Taupe, 8.5 US , Jellypop Ginger Fringe Distressed Ankle Boots, Women's - Size 6.5 M, Brown , Enzo Angiolini Eero Two Tone Brown & Black Leather Knee High Boots. Size 6.5 M , HANWAG Boots Women's Size 6 Hiking Mountaineering Brown Leather #B2098LifeStride Navia Tall Shaft Wedge Boots Black Suedette MM1 Women's Size 9.5W , Chinese Laundry First Love Flat Casual Boots 446, Black, 7 US / 37.5 EU , CLARKS 26115745 Kearns Ramsey Black Womens Ankle Boots Booties Faux Fur Size 7Sporto Girl Wine Suede, Faux Fur Lined Boots. Size 7.5 M , Anne Klein Brown leather boots size 11 - Gorgeous Great dealLifeStride X-Must Riding Boots Grey Leatherette MM1 Women's Size 6MDolce Vita DV Womens Ankle Booties Boots Casual Dress Brown Heel Size 7Women's Shoes Munro American Black Side Zip Ankle Heel Boot Nearly 11 1/4 InchesAbound Toluca Black Distressed Leather Knee High Boots Size 6 , DR. MARTENS B284 Women's Size 5 M Comfort Casual Work Brown Leather BootsBiala Kelsey Black Suede Leather Zip Ankle Booties Size 41 Approx. 10SC35 Dylan Western Boots, Black, 5.5 US ,
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 BORN Brown Leather Ankle Boots Size 7.5 M W Style W21354 booties distressed , Vince Camuto black suede tricera ankle boots dual zippers (one side faux) sz 10M , Red Ankle Boots Zipper FIONI High Heel Size 6 1/2 , Aerosoles Women's Good Fun Fringe Boots SZ 8.5 LIGHT TAN NEW IN BOXVelvet Heart Women's Boots- Black 8.5m , Sugar Women's Ronnie Western Heeled Ankle Bootie, Taupe Fabric, 6.5 M USAK Anne Klein Brown Leather Ankle Boot Women's Heel US Size 6.5 , Joe Sanchez Womens Brown Leather Strappy Buckle & Zip Ankle Boots 39 or 8/8.5Indigo Rd. Auburn Almond Toe Ankle Women's Fashion Boots Cafe Size US 11 MDiba Womens dreamer Leather Open Toe Ankle Fashion Boots, Grey, Size 7.0 9rQEAEROSOLES Womens OVERRIDE Black Knee High Boots Size US 7.5M (887711404552) , Sam Edelman Dark Brown Louie Leather Fringed Ankle Booties Womens Size US 9.5M , Enzo Angiolini Womens Franses Leather Open Toe Ankle Fashion, Blue, Size 8.5 YpY , Seychelles Peridot Women's Olive Boot 8.5MCOLE HAAN BROWN LEATHER STRETCH PANEL KNEE HIGH BOOTS size WOMENS 6.5 B , Women's Sam Edelman Bleecker Shoes Black Calf Hair Ankle Boots Sz 8 M NEW! , Naturalizer Womens Jenson Leather Closed Toe Mid-Calf Riding BootsDiba Women's Cas Per Western Fringe Ankle Boot Camel Leather Size 6.5 Booties , Australia Luxe Collective Piquet Leather Driver Loaferwomen's shoes JANET SPORT 10 () slip on black leather suede strass BT422-40Manolo Blahnik Probo Black Suede T Strap Ballet Flat Size 40 10 NIB $665Naot Rongo Womens Shoes Mary Janes Wedge Leather Black Flat Slip On New MadrasSalomon Ellipse 2 Aero Hiking Shoe - Women's Size 9.5 - TealNew Balance WC1005 Women's White Tennis Sneaker 5NReduced !!!!! Tods Sz 8.5 M Tan Suede W/ Plum And Black Bow ****Vguc , NIB BOTTEGA VENETA Black Patent Leather Loafer Shoes Size 9 US 39 EU , Wmns Nike Flex 2017 RN Black Metallic Grey Pink Women Running Shoes 898476-009Skechers Sport USA Deja Vu Sz 6 Taupe/Beige Sneakers Suede Leather Upper 22660Women New Balance Blue Classics Sneaker Shoes 10 10186 , Women's Free People Distressed Tan Boots Boots
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Diamondback RB001-16-C Adjustable Cuff Waterproof Boot Over Waterproof Shoe Boot 16 Diamondback in Unisex Ye 92a7da4 Boots
3000695
4612171
6006974
6118045
11886753
11952072
12861808
14513784
14828406
Powered by WordPress.com VIP.