The Buzz
All markets and investing news all the time

Emilio Rain Pucci 27663 Multicolored Print Rubber Multicolored Rain Boots Size 6 9abeb06

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
Pattern: Multi-Colored
Material: Rubber Style: Rainboots
Brand: Emilio Pucci US Shoe Size (Women's): 6
Heel Height: Low (3/4 in. to 1 1/2 in.) Color: Multi-Color
Country/Region of Manufacture: Italy UPC: Does not apply

Emilio Rain Pucci 27663 Multicolored Print Rubber Multicolored Rain Boots Size 6 9abeb06 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Emilio Rain Pucci 27663 Multicolored Print Rubber Multicolored Rain Boots Size 6 9abeb06
Emilio Rain Pucci 27663 Multicolored Print Rubber Multicolored Rain Boots Size 6 9abeb06 -

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%.

Emilio Rain Pucci 27663 Multicolored Print Rubber Multicolored Rain Boots Size 6 9abeb06

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Emilio Rain Pucci 27663 Multicolored Print Rubber Multicolored Rain Boots Size 6 9abeb06 -
About This Author
Emilio Rain Pucci 27663 Multicolored Print Rubber Multicolored Rain Boots Size 6 9abeb06 -
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
ANTHROPOLOGIE FREE PEOPLE ADELLE BLUE COMBO SUEDE ANKLE BOOTS US 8Cole Haan Women’s Briarcliff Almond Toe Mid-Calf Chestnut Leather Boot Sz 6 CNIB Cole Haan Landsman II Black Leather Booties size 9.5 B Retail $230NEW VINCE CAMUTO EVANGIE BLACK SILK GOAT LEATHER ANKLE BOOTS 11 M , ALDO Lattice Studded High Heeled Sexy Sleek Casual Black Ankle Bootie Boots Shoe , Sam Edelman Wilson Wedge Bootie, Women, Brown Suede, 8MCARLOS by Carlos Santana - Rumer Boots - Women's Size 8.5M - Brown , black leather riding boots size 8 medium, perfect, womens bootsNEW NIB LifeStride Wendy Women's Black Biker Moto Ankle Boots Boot Size 10M $89 , REMONTE Black Leather Zip Wedge Heel Ankle Boots Booties Size 40 EURWomens Harley Davidson Motorcycle Boots Size 9Beautiful Antonio Melani Boots, Black, Size 6.5MJessica Simpson Charlotte Suede Booties, Women's - Size 10 M, Slater Taupe , SPERRY BLACK LEATHER LADIES TALL BOOTS SIZE 8MBeige High Fur-Lined ALDO Boots size 37 USCapelli Women Multi Black Rubber Rain boots size 10 , New Zara Leather Boots Black Size 38Very G Women's Cassidy Black Zipper BootiesUS Shoe Size Women Trendy Fashion Boot Comfort Casual Dress Black/White/Tan New , Women leather tall riding boots made in Italy size 39Pacific Trail Women's Diller Hiking Boots Pink Gray Size 5.5us , Cougar Sass Patent Black Snake Women's Waterproof Boots Size 9.5 NIB , Women's Circle Brand leather boots size 9M NIB , Vintage VENDRAMINI Leather Mountaineering Hiking Boots Vibram - Made In ITALY , Zigi Soho Oreta Riding Boot - Women's Size 7.5 Black , Forleria Ivory Soft Leather Lightweight Ankle Boots RP $ 1,180 Sz 36NIB Boden Marlow Ankle Boots in Jet Black Suede MSRP Sz US 9.5INC International Concepts Fedee Brown Womens Shoes Size 8 W Boots MSRP $179.99 , DV By Dolce Vita Black Knee High Flat Riding Western Boots Size 6.5 ,
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 new Brown Womens 1.5 Low Hidden Wedge Heel Side Bow Knee Sexy Boot Size 9SC35 Hadleyy Over The Knee Boots, Black, 5.5 US DisplayL.J. SIMONE BROWN LADIES LEATHER BOOTS - SIZE 10MWoman's brown Ankle Boots Size 10 , Marc Fisher Zen Women's Brown Leather Zip Up Studded Ankle Boots US Size 8.5 M , new Kisses black ankle strappy heel boots too Lori 10 suede like buckles hot , Women's Water Resistant Insulated Winter Snow Boots Fleece Lining Snow Marley-03ECCO Bristol Tall Boot-Black Leather w/ Silver Zip and Buckles-Size 8-8.5-Nice!! , Womens TERRA PLANA Black Wedge Leather Boots Size 40 EUR , Shiekh Women's Faux Suede Olympia 14" Knee-High Boots AB4 Tan Size 5 $49.99 , JBU Women's Triumph Brown/Tan Shoe Boot - Size 8.5 - NEW , Women's Khombu Maya Winter Boots Size 7Steve Madden Ranaldo Grey Suede Riding Boot 7.5W NewJudy by Judy Ambrose Womens Size 8 Wide Plum Fez Leather Riding Boots Fringe NEWNew Wanted Shoes Women's Western Ankle Boot Harness Strap Brown MonteAuth FENDI Black Leather Round Toe Flats Ballerina Shoes With Logo Charm US 6.5 , Bally Genuine Alligator / Crocodile Flats 6 B Made In Italy , New ETIENNE AIGNER Women Black Leather Flat Casual Bow Shoe Sz 6 MWomen shoes ballerina leather and fabric model ITALIE Us 3 to 12STUART WEITZMAN "LOWTUCK" ESPADRILLE FLATS - NWB SIZE 6.5M , G by GUESS White Fabric Oona 13 Sneakers - Women's Size 9M Shoes NewNEW American Eagle Women's 6 Eur 38.5 Milo Grey Sneakers Shoes MSRP $24.99 , NEW Womens 6.5 Cole Haan Air Bria Huarache Brown Peep Toe Woven Leather ShoesNaot Brown Leather Mary Jane Casual Comfort Shoes Women's Size 8PIC/PAY Fiona - Women's Low Heel Leather Pumps - Classic Almond Toe Slip-On Flat , MBT The Anti-Shoe Womens 6.5 (US) Brown Mary Jane Ortho Footwear Sneaker $179 , Brooks Adrenaline GTS 15 Women Running Shoes 8 D Wide Athletic Blue Purple Train , Women's TOMMY 5.5 Boots , Women's Jerome Dreyfuss Leather Davina Sneaker Athletic ShoesMe Too Zara Womens Tan Slip-Ons Perforated Nubuck Booties Shoes, size 7 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Emilio Rain Pucci 27663 Multicolored Print Rubber Multicolored Rain Boots Size 6 9abeb06 Boots
Powered by VIP.