The Buzz
All markets and investing news all the time

Vince Camuto Wool Booties Size 6B/36 Womens Wool Back Charcoal 6B/36 Gray Back Zip 0e9c2cc

Item specifics

Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Accents: Textured
Width: Medium (B, M) Modified Item: No
Pattern: Textured Style: Booties
Fastening: Zip Boot Shaft Height: Ankle
Features: Zip Heel Height: High (3 in. and Up)
Color: Charcoal US Shoe Size (Women's): US 6
Brand: Vince Camuto Material: Wool
Heel Type: Stiletto

Vince Camuto Wool Booties Size 6B/36 Womens Wool Back Charcoal 6B/36 Gray Back Zip 0e9c2cc -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Vince Camuto Wool Booties Size 6B/36 Womens Wool Back Charcoal 6B/36 Gray Back Zip 0e9c2cc
Vince Camuto Wool Booties Size 6B/36 Womens Wool Back Charcoal 6B/36 Gray Back Zip 0e9c2cc -

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%.

Vince Camuto Wool Booties Size 6B/36 Womens Wool Back Charcoal 6B/36 Gray Back Zip 0e9c2cc

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Vince Camuto Wool Booties Size 6B/36 Womens Wool Back Charcoal 6B/36 Gray Back Zip 0e9c2cc -
About This Author
Vince Camuto Wool Booties Size 6B/36 Womens Wool Back Charcoal 6B/36 Gray Back Zip 0e9c2cc -
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
Women's Rampage Brown Sz 7 Western Boots. WB57 , WILD DUCES EDDIE MURAN "DAWN" Women's Zip Up Ankle Boot Sz 6.5 M Brown StudsShoe Cult By Nasty Girl Women Boot Sz8Kamik Womens Size 7 Fashion Rain boots Dark Brown Nice Rubber SolesAerosole Central Ave Boots Booties 8M Brown , Columbia Cascadian Summit Gray/Black Boots' Size 8 , NEW WOMENS ANDIAMO SAND RODEO BOOTS SHOES SIZE 9.5M 9.5 M , A NEW DAY Target Velvet Floral Peacock Ankle Boots Heels Women’s Size 8.5 , BRAND NEW WOMENS DARK BROWN ANDIAMO SANDIE BOOTIES BOOTS SIZE 6W 6 W , Vince Camuto "Daysha" Black Suede Leather Round Toe Wedge Booties 8 BAmerican Eagle High Boots Size 6 Womens BlackNEW WOMENS BIJOU BLACK KWON BOOTS SIZE 6 MVintage Town And Country Brown Suede Short Boots Women’s Size 8Ralph Lauren brown knee high boots size 7.5 womens , DONNER MOUNTAIN BLACK INSULATEDONNER MOUNTAIN BLACK INSULATED WINTER BOOTS 9 M , Vera Wang 4" Spike Heeled Buckle Fur Lined Black Ankle Boot 7 M OLIVIA , Guess Womens Black Leather Size 7.5 Boots Knee Length WORN HEELS , Talbots Black Genuine Leather Brazilian Heeled Ankle Bootie- Size 9.5N , Splendid Dale Suede Ankle Black Boots Women's Shoes Size 8.5 MReaction by Kenneth Cole YEE HA Leather Fashion Ankle Booties Brown Size 10 MG by Guess Women's Boots Size 8 Black Mid-Calf Faux Leather Military Style , ESNY Women's Brown Faux Suede Boots Size 8M , enzo angiolini 9-1/2 M Black Leather Womens Boots , NEW WOMENS SIZE 7.5 M ULTRA CHIC TAN SCROLL WORK BOOTS by MONROE & MAIN , $99 Women's Vera Wang Simply Vera Kasia Rhinestone Moto Boots Grey smoke 6.5So Kohls Mid Calf Zipboots Heels Womens Size 7Eddie Bauer Womens Shoes Duck Rain Hunting Low Cut Made in USA Size 5 , Women's cowboy western style boots Size 4 Brown Cat & JackWomen's Fashion Ankle Boots Almond Toe Low Heels Buckle Zip Booties Side Zipper
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 Journee Collection Womens SANA Almond Toe Over Knee Fashion, Black, Size 6.0 LIM , New Women Betani Kimberly-9 Faux Suede Almond Toe Chunky Heel Bootie6740 Women's Desoto Rubber Boot by Smoky Mountain Boots Size 9ShoeDazzle Milana 4 1/2" Black Lame Platform Dress Boots w/ Zipper-8M-NWD , SUDINI Black Leather Knee High Boots Size 5.5WNew Skechers 47997 Synergy Flexers Cool Weather Mid-Calf Women's Boots , Sbicca Tan Suede Fringe Ankle Boots Booties sz 7 Euro 37 , New I.N.C. TANGY Womens Suede Leather Slouchy Ankle Boots Black MSRP$119 NIB�NEW Sam Edelman Kinzey Metallic Jacquard Kitten Heel Booties MSRP $140Jessica Simpson Womens Pacifika Pointed Toe Mid-Calf, Black LXPTSC, Size 7.5 YKf , Ivanka Trump Tilly Womens Shoes Size 7.5 Brown Solid Leather Ankle Boots , Sexy Hollow Out Knee High Boots Womens Stiletto High Heel Roman Shoes Plus SizesMarc Fisher Womens SAYLA Suede Open Toe Ankle Fashion Boots, Blue, Size 8.0 dL8pIcebug SPEED-L BUGrip Women's Insulated Waterproof Hiking Outdoor Boots ShoesJournee Collection April Wide Calf Women Synthetic Knee High Boot Brown Size 7Guess Army Green w/goldtone Buckles Platform Booties Heels Sz 9M. NWOB , Tod's Red ladies Womens suede ballerina flat Shoes GOMMA GOMMINI METALLO 8 9 , Circus by Sam Edelman Women's Rocco Mary Jane Flat, Black/Multi/Metallic FloralCorso Como 7 Black Fish Leather Dylan Slide Pointy Toe MuleNine West Womens Nimah Leather Loafer Flat- Pick SZ/Color. , New Skechers Performance Women's Go Step Untouched Walking Shoe Size 6 , ECCO Women's O2-W Black 40 EU/9-9.5 M US , J-2673139 New Saint Laurent Tripon White High Heel Sandal Shoes Size 38.5 US 8.5Klogs Naples Mens - Womens Clogs Black Oiled - 11 Medium , Katy Perry Women's The Lady Pump, Black, 8 Medium US , Women Breathable Wedge Heels Sneakers Summer F Sports Casual Shoes ZsellWOMENS NIKE AIR MAX 1 ESSENTIAL BLACK-BLACK-GUM SZ 9.5Chic Pointy Toe Rhinestone Rivet Bowknot Ballet Flats Loafers Casual Boat Shoeswomens stylish diamond rhinestone feather decor slip on Loafers shoes casual newWomen's LADIES SNOW BOOTS (NAVY) Boots
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Vince Camuto Wool Booties Size 6B/36 Womens Wool Back Charcoal 6B/36 Gray Back Zip 0e9c2cc Boots
Powered by VIP.