The Buzz
All markets and investing news all the time

Dolce 27791 Vita Womens Shoes Black Size 8.5 Black Solid Leather Mid Mid Calf Boots Casual f686703

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
Brand: Dolce Vita
Pattern: Solid Style: Mid-Calf Boots
Occasion: Casual Width: Medium (B, M)
US Shoe Size (Women's): 8.5 Color: Black
Country/Region of Manufacture: Unknown Heel Type: Block
Fastening: Pull On Heel Height: High (3 in. and Up)
UPC: Does Not Apply Material: Leather

Dolce 27791 Vita Womens Shoes Black Size 8.5 Black Solid Leather Mid Mid Calf Boots Casual f686703 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Dolce 27791 Vita Womens Shoes Black Size 8.5 Black Solid Leather Mid Mid Calf Boots Casual f686703
Dolce 27791 Vita Womens Shoes Black Size 8.5 Black Solid Leather Mid Mid Calf Boots Casual f686703 -

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%.

Dolce 27791 Vita Womens Shoes Black Size 8.5 Black Solid Leather Mid Mid Calf Boots Casual f686703

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Dolce 27791 Vita Womens Shoes Black Size 8.5 Black Solid Leather Mid Mid Calf Boots Casual f686703 -
About This Author
Dolce 27791 Vita Womens Shoes Black Size 8.5 Black Solid Leather Mid Mid Calf Boots Casual f686703 -
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
American Rag New Womens Wylee Black Ankle Boots 5.5 M Shoes , Moda Spana Women's Brown Suede Ankle Boots Side Zip High Heel Size 11M , Born BOC Womens Brown Suede Ankle Boots Size 10 M Leather Western Booties clogsMi Bottes Cavalièrs Cuir Marron Cannelle T 39 TBE , Link Side Zipper Faux Suede Flat Heel Ankle Booties Rachel43 (Adults 6-10) , Lucky Brand Garboh Suede Leather Chukka Booties Brown Size 10M , Vintage Md USA Waterproof Tall BLACK RUBBER Fleece Lined WINTER RAIN Boots Sz 4Brown Suede Fringe Boots Studded Midcalf Flat Cuffed Size 6 B , Botticelli Black Leather Zip Boots Size: 39.= 9.5 Heel:2.5" Excellent Condition , Rosegold - Black heel booties - Size 36.5 (5.5 US) , Casual Ankle boots Womens Comfy Block Low heels Round toe Platform Buckle Shoes , $225 GABOR Brown Suede Fur-Cuff Modern Granny Boots YOOX German Brand 4 , Bass Lite Meredith Wedge Boots Size 9M Black Leather Ladies Shoes , Frye Womens Shoe Size 6.5B Tall Tan Leather Pull On Boots Ankle Strap B118Fashion Women Rain Boots Flat Waterproof Red Zipper Knee High Mid Calf Boots NewRebels Lattice and Pink Suede Leather Ankle Booties Size 6 , Anne Klein Womens Sz 10M Leather Boots iflex Booties Pointed Toe - Side ZipCRUSH DURANGO RD3217 SLOUCH BROWN HARNESS MOTORCYCLE COWBOY WESTERN BOOTS SZ 6 M , JUSTIN STYLE #L0506 BLACK LEATHER WOMEN'S BOOTS SIZE 6B MADE IN THE U.S.A.Ladies' Ash Tall Leather Black Zipper Boots Size US Size 6 Leather , B Makowsky Nellie Black Suede Oxford Wedge Ankle Boot Bootie NewSporto Ellie Navy Blue Suede Quilted Waterproof Snow Midcalf Boots SALEAldo Haviax Red Suede Ankle Boots Pull On Size 9Lucky Brand Ashbee Women's Boots Black Size 8.5 M , Women's Round Toe pull on low heel knee high boots knight snow boots shoesForever 21 Women's Vegan Wine Chunky Heel Mid Calf Back Zip Boots Size US 6MChinese Laundry Two Step Mid Calf Leather Boots 9.5 Brown Women Wooden Sole , RANCHO Size 8 On Your Feet Women’s Brown LEATHER SOLES Western Cowboy BootsNORTHSIDE WOMEN'S SPINDRIFTER INSULATED SNOW WINTER BOOTS US 7 -40F/-40C ,
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 Black 0" Microfiber Boot Shoes Boots Adult Women Ellie Halloween SexyBORN Women's Black Leather Boots 'Attila' Buckles Side Zip SIZE 6Chinese Laundry Cool Kid Bootie Leather, Women's sz 7.5/38Clarks Black Leather Ankle Boots 10 M , Doc Dr. Martens AirWair Canvas Boots Mens Size 6M Womens 7 AW004 Unisexwomen's shoes 2 STAR 9 () ankle boots green black leather glitter BX373-39New Balance Fresh Foam 1000V1 Women's Boots (Size 5. ) Black / Grey Sneakerboots , Gogo 3000 White Pat OTK Stretch zip up Boot 3" Block Heel Size 15 Shoe , JOIE Maroon Burgundy Suede Soft Side-Zip Gold Ankle Boot Wedge High Heel Size 40 , Skechers 49013 Women's BIKERS-TOTEM POLE Bootie Chocolate 8 MED NWT , DEPT. OF FINERY sz 37 womens Sunday Blush Multi Heels shoes NEWUnlisted Women's Beyond Time Tall Knee High Brown Boots Size 7.5 , Frye Melissa Canvas Short Canvas brown Leather Riding Boots 10 Womens FallDSQUARED2 WEDGE Fard/Pink women shoes size 7.5 Italy Original price $600Vince Corbin Black Suede Slip Ons Size 10 New With Box $200 , Walking Cradles Women's Caden Clog, Sage Leather, 12 M USTORY BURCH PONY HAIR LEATHER FLAT, SZ 5 , Loeffler Randall Irina Slip On Sneaker NWB SZ 7B 9B SEA Sapphire Blue snakeTOD'S WOMEN'S LEATHER SLIP ON SNEAKERS NEW SPORTIVO YO BLACK CBD , Cole Haan Women's Downtown Ballet Navy Floral Print Leather Flats , Pour la Victoire Suede Gold Heavily Studded Shoes Flats Pointy Low Cut Side 7MNEW Nine West Marie Womens 8M Ballet Flats Suede Leather Laser Cutouts Beige , Skechers BOBS Women's Plush - Perfect Patch Flat Denim 8 M USCozy TALBOTS Black Calfskin Loafers w/Leather Band & Woolen Herringbone Top 8.5MAdidas Element Race [DB1482] Women Running Shoes White/GreyAsics GT-1000 5 Athletic Shoes - Women's Size 8, Navy/Mint/LimeSanuk Women's Drop Top Fold Over Ankle Boots Shoes Tan Canvas Size 6.5 , JESSICA SIMPSON BREAK NIGHTWATCH STRETCH SUEDE ANKLE DRESS BOOTIES BOOTS 6.5New Women's Sweet Girl's Bowknot Rubber Ankle Rainboots Waterproof Shoes Plus Sz , Brooks Ghost 10 Women's Black/Pink Peacock/Living Coral 2461D067
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Dolce 27791 Vita Womens Shoes Black Size 8.5 Black Solid Leather Mid Mid Calf Boots Casual f686703 Boots
Powered by VIP.