The Buzz
All markets and investing news all the time

B35 Wiley Wiley Studded 19897 Cutour Banana Ankle Boots, Banana Bread d494316

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
Brand: B35
Pattern: Solid Style: Booties
Occasion: Casual MPN: Wiley
Boot Shaft Height: Ankle Width: Medium (B, M)
Calf Width: Medium Color: Brown
Toe Type: Round Toe Heel Height: Med (1 3/4 in. to 2 3/4 in.)
Shade: Medium Brown Material: Synthetic

B35 Wiley Wiley Studded 19897 Cutour Banana Ankle Boots, Banana Bread d494316 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
B35 Wiley Wiley Studded 19897 Cutour Banana Ankle Boots, Banana Bread d494316
B35 Wiley Wiley Studded 19897 Cutour Banana Ankle Boots, Banana Bread d494316 -

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%.

B35 Wiley Wiley Studded 19897 Cutour Banana Ankle Boots, Banana Bread d494316

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
B35 Wiley Wiley Studded 19897 Cutour Banana Ankle Boots, Banana Bread d494316 -
About This Author
B35 Wiley Wiley Studded 19897 Cutour Banana Ankle Boots, Banana Bread d494316 -
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
Seychelles Gander Black Size 6.5 Leather Ankle Booties , Baretraps Vairy Brown Round Toe Synthetic Wedge Over the Knee Boot Sz 8.5Justin L3057 Black Leather Roper Cowboy Western Boots Women Size 7.5A - USA , Keen Womens Flint Low Steel Toe Waterproof Comfort Safety Work Boots Size 8.5BOC BY BORN Women's Sz 10 Brown Leather Bootie Distressed Monk Strap Boot Zipper , 02-2155 Columbia boots Bangor Slip Omni - Heat/ size 12 , western cowgirl leather boots sz 8.5 MNEW VERY VOLATILE Women's Boots Size 7 1/2 Faux Black Biker Leather Ankle Shoes , blondo boots Womens 7 W AquaProtect Black Mid Calf , SoftWalk Ramsey Chukka Boot - Women's Size 10.5W - Sand (Damaged) , I35 Jade Studded Fringe Fashion Ankle Boots, Warm Taupe, 7 USWomen's KEEN Kate Modern Wedge Leather Boot Mid-Calf- Black- Size 9Dansko Ankle Leather Zip up Boots w/ Buckle Wedge Heel Sz 39 US 8.5-9 Brown , Skechers Women Reggae Fest Vector Warm Tech Memory Foam Grey Ankle Boots Size 6 , Rock & Candy Spraypaint Foldover Ankle Boots, TchfxLucky Brand Jofeen Ankle Booties 269, Dark Earth, 8.5 US / 38.5 EU**LifeStride Cala Peep Toe Bootie - Women's Size 5.5 M - BlackLifeStride Racey Riding Boots - Women's Size 6W, BlackWomens BOC BORN CONCEPT camel brown leather bootie sz 9.5ralph lauren riding boots Women Size 6M Black Leather UpperMAXINE Canada Womens Wedge Ankle Boots Size 8 Black Suede Fur TrimDolce Vita Tessey Casual Boot - Women's size 8 - Gray (repair)Clarks Ingalls Tweed Brown Leather Ankle Boots Shoes 66777 Womens size 7.5 MDolce Vita Dark Brown Leather Booties - Size 8NEW* NATURALIZER Brown Leather KNEE HI Boot 6 M WIDEShaftBlondo womens brown gray sherpa lined cuffed waterproof winter boots 7.5 M EUC , Aerosoles Womens Willingly Short Boots Size 7 M Side Zip Color MushroomNine West HISSYFIT Sz 5.5 Light Brown Leather Ankle Boots Wedge Heels Shoes NEW , Franco Sarto Women's Chipper Riding Boot Tan US 8 NOB ,
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 BOOTIES~~!!! $395 LOITA Tan Camel Leather Booties Shoes BOOTS Italy 36 US 6.5MI35 Laini Multi Buckle Strap Block Heel Ankl Boots 022, Mushroom, 6 USVintage JUSTIN L0546 Purple Leather Western Kiltie Roper Cowboy Cowgirl Boots 5B , Madden Girl Yumi Women's Tan Fabric Boot 8MReport Women's Brown Nyles Ankle Boot Size 8Markon Wms Brown /blackish Leather Western Style Boots 9.5 , CR Red Satin Slouchy Shaft Pointy Toe OTK Thigh Boot High Heel 6-11 , Bearpaw Payton II Black Waterproof Suede Shearling Fur Lined Winter Emma BootG by Guess Womens gherly Leather Almond Toe Knee High Fashion Black Size 7.5 N , Cole Haan Size 6.5 Gold Chrome Leather Loafers New Womens ShoesVince Camuto Ankle Boot. Watcher. Gray( Moonstone). Size 10. New. , BX469 D. EFFE by SUSIMODA shoes burgundy leather women ankle bootsAuth New Sophia Webster Bo Pom Pom Flats Silver SZ 39 , NIB Sperry Top-Sider Seacoast Washable Leather Sneaker Shoe Sand Womens Sz 8 8.5New Womens Chain Metal Decor Leather Slip on Pumps British Oxfords Shoes LoafersJon Josef Women´s Caspe Black Mesh and Patent Leather Pointy toe FlatsVINTAGE REAL ALASKA FUR SHEARLING SLIP ON MOCCASINS FLATS SHOES SLIPPERS 6NEW Prada Crackled Black Leather Smoking Logo Slipper loafer Ballet Flats 36.5Ivy Kirzhner Tribeca Leather Flat SIZE 9 NewLadies Clarks Unstructured Slingback Sandals Un Karely Hail , Nike Wmns AIR MAX Shoes Trainers Women's Girl's NEW Command 90 1 Light PremiumAsics Gel-DS Trainer Women's Purple Sneakers Sz 7.5 1321 , Skechers Unity Go Big Trainers Womens Memory Foam Slip On Fashion ShoesWomen's Forever Link Womens Legend-24 Boots BootsWomen's Women's Adidas TUBULAR DEFIANT Sneakers-S75903 Athletic Shoes , Women's Chooka Women's Mid-Height Rain Boot Boots , Women's Black leather boots Woman BootsAnne Klein Womens Leather Boots Size 8 Shoes Brown Mid Calf Side ZipperCiao Bella Women's Black Tall Over the Knee Riding Boot US 7 NOB , Ladies Women Strappy Ankle Boots Side Zip Mid Block Heels Shoes Casual Pumps NEW
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
B35 Wiley Wiley Studded 19897 Cutour Banana Ankle Boots, Banana Bread d494316 Boots
Powered by VIP.