The Buzz
All markets and investing news all the time

VTG FRYE 7.5 8151 Leather Campus Boots Brown Women's Women's 7.5 Brown B USA bb6511b

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
Model: 8151
Material: Leather Country/Region of Manufacture: United States
Width: Medium (B, M) Style: Campus
Pattern: Solid Heel Height: Med (1 3/4 in. to 2 3/4 in.)
Color: Brown US Shoe Size (Women's): 7.5
Brand: Frye UPC: Does not apply

VTG FRYE 7.5 8151 Leather Campus Boots Brown Women's Women's 7.5 Brown B USA bb6511b -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
VTG FRYE 7.5 8151 Leather Campus Boots Brown Women's Women's 7.5 Brown B USA bb6511b
VTG FRYE 7.5 8151 Leather Campus Boots Brown Women's Women's 7.5 Brown B USA bb6511b -

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%.

VTG FRYE 7.5 8151 Leather Campus Boots Brown Women's Women's 7.5 Brown B USA bb6511b

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
VTG FRYE 7.5 8151 Leather Campus Boots Brown Women's Women's 7.5 Brown B USA bb6511b -
About This Author
VTG FRYE 7.5 8151 Leather Campus Boots Brown Women's Women's 7.5 Brown B USA bb6511b -
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
Steve Madden Thunda Rubber Boot Size 7 women's NEWBARE TRAPS 'Ronlanda' Women's Brown KNEE BOOTS sz 9.5 Med. NWT , ITALIAN SHOES GENUINE LEATHER KNEE HIGH BOOTS DARK BROWN PULL ON HARNESS SLOUCHFashionable Ladies J Crew Side Buckle Strap Ankle Boots ~ 7.5 M , Aetrex Multi Ankle Boot Samnatha Size 9.5 Black/Grey/ MaroonDansko Vail Coated Black Canvas Rain Boots Women's Size 40 - US 9-9.5Manoush Daim Ubans women's US 10.5 booties , Women's COLE HAAN City Brown Cognac Leather Mid Calf Boots Block Heel 9B Italy , ARIZONA WOMEN BOOTS SZ 7.5 COLLETTE BROWN COGNAC - RIDINGNew Women WmY1 Black Taupe Faux Suede Western Ankle Booties Riding Low BootsHarley-Davidson Womens Romy 14.5" Tall Black Leather Motorcycle Boots D87020 , New Size 7 Juicy Couture Cable Knit Women's Lupia Ankle Boots Grey $89.99 , Tan leather slouchy knee high flat boots!! , Mossimo Women's Knee High Suede Boots Sz 7.5 Black Stiletto Side Zip , Comfy Moda women winter snow black boots size 7Theyskens Theory Ayla Black Suede Pump Women's Shoes Size 40 US 9 M NEW RTL$800 , Jambu Women's Swenson Leather High Boot 8M , Stuart Weitzman Womens Black Leather Ankle Boots Booties Size 6 ZipperLisa Vicky Printed Flower Suede Women's Boots, Size 7.5 M, New!!Ardene Women's Size 6 Slouchy Boot BlackAsolo alliance GORE-TEX Winter shoes. Rarest !!! , VALLEY LANE Women's Black LEATHER KNEE HI BOOTS size 11 WW , Maripe' Black Leather Boots size 8 Zip up Bootie 3.5" High Heel Vintage inspired , VTG FRYE 8517 Knee High Leather Campus Boots with Cuff Brown Women's 6.5 B USAWomens TONY MORA BOOTS Leather Western Cowboy BOOTS 9 BLACK Lizard Skin Reptile , Black Leather Via Spiga Chris Cross Womens Boots Size 6 M , Women's Aigle 14.5 in. Rubber Boots in Olive Size 36 or US 5.5Aerosoles women’s wonderling knee high boots- Black/ Size- 8 1/2 , Fergie Studded Bootie Women’s Size 9.5
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 Restricted Women Black Over The Knee Boots Suede Leather Fold Down Pull On Sz 6L.L. BEAN ~ WELLIE Striped Yellow & More Rubber Rain Boots Sz 9 * VERY GOOD+++b.o.c Born Concept Black Leather Bootie Sz 6MLadies Spot On Zip Up Ankle Boots with 3" Heel in 3 Colours Style F50450NIB Life Stride X-Press Knee High Riding Boots sz 5.5 M BlackRouge- Women's Black Faux Suede Ankle Boots-Size 9 NIB , Brinley Co Women's Tisha Ankle Boot, Taupe, Size 10.0 ls79 , BRAND NEW! Torrid Metal Heel Combat Boot *size 11W* GRAY $ 70Skechers Relaxed Fit: Bikers - Londoner Black Blk Womens Casual Boots Size 8.5MFringed Booties Female Autumn Winter Korean Version Increase Martin Flat Boots , BCBG Paris Kirstin black quilted knee high heels boots womens size 10B 40SBT-018 Montana West Moccasins Concho CollectionMix No 6 Womens Weinbaum Round Toe Ankle Fashion BootsBlue Cowboy Boots womens size 6 B Justin brand country wedding cowgirl steampunk , Marc Fisher Ignite Double Gore Sleek Ankle Booties 772, Natural Multi, 7 USSteve Madden Womens Bootie- Pick SZ/Color.Splendid Raina Round Toe Suede Beige Wedge Booties Size 6M Reg$168Donald J Pliner Snakeskin Purple Turquoise Tall Heel Boots Size 7.5 M , NEW Camper Peu Cami Women Boots Shearling Faux Fur Sherpa Fleece Lined Size 6/36 , CLARKS Women's Patty Tayna Mule Black Leather 11 W USCLARKS Women's Sillian Cala Mary Jane Flat - Choose SZ/ColorNaot Luga Women Mary Jane Shoes Leather Suede Madras Slip On Slippers Moccasin , WALDLAUFER WOMEN'S NILA SOFT COMFY WALKING SHOE, ARCH SUPPORT, WIDE WIDTHJCREW Charlie Penny Loafers in Suede Flats $168 7 Flame Red F5592 NEWQupid Womens Oval-01 Leather Low Top Slip On Fashion Sneakers, White, Size 8.0 6POE Shoes 955430 Grey 25cm , Dr. Scholl's Women's Madison Fashion Sneaker Black/Black Lizard Print 9 B(M) US , Women's PUMA Meteor JR Running Shoe Athletic ShoesWomen's Long Side Zipper Over The Knee Boots slim fit Block High Heel Shoes @ , 1711 adidas NEO Cloudfoam Advantage Clean Women's Sneakers Sports Shoes AW3974 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
VTG FRYE 7.5 8151 Leather Campus Boots Brown Women's Women's 7.5 Brown B USA bb6511b Boots
Powered by VIP.