The Buzz
All markets and investing news all the time

Vasque 26759 Coldspark Women's Women's Magnet/Provincial Blue Boots Ultradry Boots 9.5W 5b3eecf

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: Vasque
Color: Magnet/Provincial Blue Style: Coldspark
Pattern: N/A Width: See Size
US Shoe Size (Women's): 9.5 B(M) US UPC: Does not apply

Vasque 26759 Coldspark Women's Women's Magnet/Provincial Blue Boots Ultradry Boots 9.5W 5b3eecf -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Vasque 26759 Coldspark Women's Women's Magnet/Provincial Blue Boots Ultradry Boots 9.5W 5b3eecf
Vasque 26759 Coldspark Women's Women's Magnet/Provincial Blue Boots Ultradry Boots 9.5W 5b3eecf -

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%.

Vasque 26759 Coldspark Women's Women's Magnet/Provincial Blue Boots Ultradry Boots 9.5W 5b3eecf

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Vasque 26759 Coldspark Women's Women's Magnet/Provincial Blue Boots Ultradry Boots 9.5W 5b3eecf -
About This Author
Vasque 26759 Coldspark Women's Women's Magnet/Provincial Blue Boots Ultradry Boots 9.5W 5b3eecf -
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 Womens MIDNITE Leather Closed Toe Ankle Cold Weather Boots , MIA Women's Minute Black Over the Knee High Boots Size 6.5 , Dolce Vita Brown Leather Pull On Knee High Boots Stacked Thick Heels Size 6 M , Liz Claiborne 2 tone brown leather boot bootie , Donald J Pliner Yazi Black Crepe Knee High Fashion Women's Heels Boots Size 6 MVintage JUSTIN L0546 Purple Leather Western Kiltie Roper Cowboy Cowgirl Boots 5B , REPORT $205 Above Knee Liola Black SUEDE LEATHER BOOTS SHOES HEELS 6 M NWT , Rockport Cobb Hill Collection Womens Brunswick Alpine Almond Leather Size 7.0 , BCBG Generation Wexler Tall Napa Riding Stretch Boots Size 6.5 see notesSteve Madden Womens Brisk Closed Toe Ankle Fashion Boots Blush Velvet Size 6.5BCBG Maxazria Hughes Tall Flat Boots Grey Sz 6 MSRP $450 see notes , PRE-Owned Nine West PickMe Women Black Bootie 8MBCBG Maxazria BG Mocha Coconut Calf Suede Size 10 see notes , New LIFESTRIDE Racey Brown Knee High Riding Boots Wide Calf WS Shaft 6.5 Med. , BCBGMaxazria Franz Leather Riding Boots Black Size 6 MSRP $395 see notes , VAGABOND Shoemakers Sweden Tall Leather Boots 37/6.5 , BALLY Black Genuine Soft Leather Genuine Fur Trim and Side Zip Ankle Boots 7.5M , Regatta Lady Ultra Max II Mid Women's US 9 Blue Hiking BootsBlondo Alexys Women's Moka Ankle Boot 6 X-WideJellypop gray ankle four side buckles cowgirl boots 9.5MNANA' - BOTTINES BOOTS CAVALIERES CUIR VELOURS MARRON 39 - EXCELLENT ETAT , Minnetonka Calf Hi 3-Layer Fringe Boot size 8 , Refresh Alto-03 Black Brown Cognac Faux Leather Two Tone Riding Knee High Boot 8COLE HAAN Women's Brown Suede Ankle Booties Size 7MBCBG girls leather BOOTS 7 LEATHER BOOTS 7/37 BLACK WESTERN BOOTS 7 B BCBG BOOT , NATURAL BEAUTY BASIC Shoes 213919 Beige 24.5cm , Brand New Black/Gold Boots Size 10 , LifeStride Women's Ravish Dark Chocolate Wide Calf Riding Boots 6.5M , Quilted Zipper Buckle Knee High Riding BootsKnee High Riding Boots For Women By
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 LANDS END Black Suede Leather Moc Toe Zip Winter Lined Boots Size 6.5 B , MINNETONKA Womens Suede Double Fringe Ankle Booties Moccasins Size 5 Boots , New Forever Young Women’s Size 10 Short Black Side Zipper Heel Boots , Dr. Scholl's Shoes Women's Launch BootZara Woman Leather Snakeskin Short Boot Size 39 EUC , Bucco Capensis Lavinia Boots Size 7.5 Black Knee High Side Zipper , NEW Comfortview "Mickey" Black Bootie Sz 7.5W NWOB , Report Womens Sanjay Closed Toe Over Knee Fashion Boots , $495 BCBG BCBGMAXAZRIA Womens Hughes Over The Knee Boot Shoe, Charcoal, US 10NEW BCBGENERATION DENVER WOMENS KNEE HIGH BOOTS BCBG , MANO for Kingspill Brown Nubuck Suede Leather Ankle Boots size 41 , New Steve Madden Women's Bankker Knee-High Black Boot Size: Us 6 Eur 37Jeffrey Campbell Women's Cloudy Rain Booties, Black, 9 M USLauren Ralph Lauren Black Suede Knee High Boots Sz 9.5 BFree The People Open Toe BootsColumbia Womens US 6.5 Sierra Summette Winter Snow Waterproof BL1519-010 BootsWomen's Nocona Boots w/Black Round Toe, Style NL4030 , J. Peterman Shoes size 7.5 Women Heel wedge made in Italy , Vionic Women's Cozy Juniper Slipper, Black/Red, Size 7.0 , COLE HAAN WOMEN'S 2.0 GRAND LASER US 10B WING OXFORD W05124 BLUE MARINE $300 ADonald Pliner Honey Loafer Almond Pearlized Lizard Print MSRP $168Irregular Choice Disney Toy Story Round Up Gang Pink Yellow Flat Shoes Shu Size , Aquatalia Womens Adanna Flat Shoe Smog Suede Shoe Size 9 M USBrooks Addiction 12 Running Shoes, Women's Size 8 D, Grey/Blue , Women's Sports Shoes Outdoor Breathable Sneakers Athletic Running Shoes Lot , Skechers Sport Women's Premium Sneaker - Choose SZ/ColorEtnies Women's Jameson Vulc Skate Shoe Indigo Size 11.0Wmns Nike MD Runner 2 MID PREM Maroon Red Black Women Casual Shoes 845059-601New Balance Womens - Black Running Shoes Size 7 (418063)Women's Salomon women boots 8.5 Boots
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Vasque 26759 Coldspark Women's Women's Magnet/Provincial Blue Boots Ultradry Boots 9.5W 5b3eecf Boots
Powered by VIP.