The Buzz
All markets and investing news all the time

LL BEAN Womens CRESTA GoreTex Hiking Womens LEATHER Hiking Boots Brown BEAN Size 9.5 (b21) 37c67ed

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
Style: Hiking Boots
UK Shoe Size (Women's): UK 7.5 US Shoe Size (Women's): US 9.5
EUR Shoe Size (Women's): EUR 41.5 Material: Leather
Color: Brown Width: Medium (B, M)
Brand: L.L. Bean

LL BEAN Womens CRESTA GoreTex Hiking Womens LEATHER Hiking Boots Brown BEAN Size 9.5 (b21) 37c67ed -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
LL BEAN Womens CRESTA GoreTex Hiking Womens LEATHER Hiking Boots Brown BEAN Size 9.5 (b21) 37c67ed
LL BEAN Womens CRESTA GoreTex Hiking Womens LEATHER Hiking Boots Brown BEAN Size 9.5 (b21) 37c67ed -

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%.

LL BEAN Womens CRESTA GoreTex Hiking Womens LEATHER Hiking Boots Brown BEAN Size 9.5 (b21) 37c67ed

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
LL BEAN Womens CRESTA GoreTex Hiking Womens LEATHER Hiking Boots Brown BEAN Size 9.5 (b21) 37c67ed -
About This Author
LL BEAN Womens CRESTA GoreTex Hiking Womens LEATHER Hiking Boots Brown BEAN Size 9.5 (b21) 37c67ed -
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
BIVIEL WOMENS BROWN SUEDE LEATHER ANKLE WEDGE BOOTS 40 / 9 M NEWBORN Boots Brown Leather Zip Knee High Heels Size 8 M/W W6424AK Anne Klein Geordanna Boot - Women's 7.5 M, BlackMilwaukee MB233 Womens Black Leather Motorcycle Boots SzUS 6.5 C, UK4.5C , FARYLROBIN brown leather knee high bootsCole Ruched Black Extended Calf Boots - Size 8WNAYA Sable Leather Western Studded Cowboy Boot Brown Tan Size 6.5Womens Steven By Steve Madden Black Leather Tall Riding Fashion Boots Sz 8.5 , Naturalizer Kepler Gray Womens Shoes Size 10 W Boots MSRP $169Eric Michael Patricia Boots - Women's Size US:10.5-11 / EU:41, BlackVERY VOLATILE WOMEN'S RYDER FASHION WESTERN BOOTS KHAKI SUEDE US SIZE 6.5 MEDIUM , Kenneth Cole Reaction New Wind-y Black Womens Shoes Size 7.5 M Boots MSRP $149 , $119 CHARLES BY CHARLES DAVID COLT BLACK STRAPPY MOTO BOOT US 5.5MCAT Caterpillar 9" Bajan Women’s Boots Bronze Ankle Boot 6.5 / 37.5 NIBGB35 Dafnee Wedge Knee High Boots 393, Black, 8 USDiba Distressed Leather Strappy Moto Boot EUCRed Wing Irish Setter Womens Two Harbors Waterproof Work Boots Soft Toe 6" 83201Blondo Canada Women Knee Boots Size 7.5 W Black Leather Aqua Protect Wide Calf , Womens OLD FRIEND LEOPARD CHEETAH Sheepskin Boots Size 9 New Free Shipping , DV DOLCE VITA Lucile Tall Black Boot W/ Silver Buckles Women's Size 8.5 M $130* , CS-10 Carlos by Carlos Santana Wilbury Women's Boots, Black, Size 6M USLaredo 51096 Lady's Brown Dist Crackle Western Boots , Wolverine CAT Brand Womens Size 10W Charcioal Charcoal Gray Chelsea Boots , Bella Vita Women's Transit II Boots Taupe Faux Suede Size 7 MXelement Womens Size 7.5 M Black Moto Boots LU2510 , $228 COLE HAAN Raquel Black Suede & Calf Hair Cheetah Print Bootie Size 7.5B , Bettye Muller Anthropologie Zurich black suede Leather Wedge Ankle Boot Bootie 8Rachel Rachel Roy Rosmeri Womens Size 7 Brown Open Toe Leather , Baretraps New Corrie Brown Womens Shoes Size 7.5 M Boots MSRP $100
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 Brand New Schutz Black Suede Boots w/ Gold Rhinestones Size 6B RTL $250Brinley Co Women's Echo Ankle Boot, Grey, Size 8.5 , DV Dolce Vita Women's Lasso Riding Boots Size 9 Round Toe Buckle Low Heel , STEVEN by STEVE MADDEN Black Leather Zip Round Toe Booties Heels Buckles 9Women's KEEN Green Amar Suede Side Zip Mid Calf Sherpa Lined Boots Size 6.5BareTraps Brinda Wedge Winted Boots 685, Whiskey, 9.5 US , Sonoma Good For Life | Gigi Ankle Boot in Whiskey Suede – Size 8.5 M , Bearpaw Silverthorne Tall Shearling Winter Boots Womens 5 Black NEW IN BOX , Karen Scott Womens Cahleb Fabric Closed Toe Ankle Fashion Boots Stone Size 8.0 , ARRAY Womens Breeze Leather Closed Toe Ankle Strap Loafers , Lowa Womens Renegade GTX Waterproof Leather Hiking Outdoor Mid Boots Size 9 Wide , 100% Leather Black Cowgirl Boots Siz 6mSTEVE MADDEN JILLINNA FASHION ANKLE BLACK LEATHER BOOTIE SZ 9.5 , C-1226100 New Balenciaga 4" Heel Sandal Pelle Cuoio Shoe Size US 5 Marked 36 , Womens DANSKO black leather loafers shoes sz. 6 ( )Rocket Dog JENKINSCS Womens Jenkins Colima Pu/Smooth Pu Ballet Flat M , Birkenstock Gizeh 39R L 8 M 6 Graceful Silver , CLARKS Womens Glove Puppet Shoe 8 BM US , Stella Mccartney Platform Slip On Sneakers Gold Chain Black US5 EU35 , Bottega Veneta Women's Intrecciato Woven Black Leather Loafers - 39 9Authentic JIMMY CHOO: Sparkly Silver Leather & Logo, Hi-Top Sneakers Sz: 9M , TORY BURCH 'Minnie' Travel Ballet Flat Hicks Garden Leather Logo Shoes Sz 6.5 MDansko Women's Camille Flat Size 6.5 M USBrand New In Box Taryn Rose Edith Soft Calf Leather Flat - 8.5 M , NEW Women's Adidas Campus Shoes Color: Gray Size: 9.5 , ADIDAS STELLASPORT YVORI WOMEN'S SHOES LADIES GIRLS TRAINERS B33323New Balance Womens Purple Running Shoes Size 9 (28215) , Women's Nike Shox remix 3 III training running shoes size 8 , Women's PUMA BASKET/SNEAKERS PUMA HOMME GRIS Athletic Shoes , Women's Ferragamo Ballet Flats Brown 40 Flats ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
LL BEAN Womens CRESTA GoreTex Hiking Womens LEATHER Hiking Boots Brown BEAN Size 9.5 (b21) 37c67ed Boots
Powered by VIP.