The Buzz
All markets and investing news all the time

WOMEN'S Yuu Ripple localjoes-27290 Womens COLORS/SIZES Riding Boots MULTI BOX COLORS/SIZES MSRP$89.99 NEW IN BOX fa45315




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: YUU
Color: Multi-Color Style: Fashion - Knee-High
Heel Height: Med (1 3/4 in. to 2 3/4 in.) Width: Medium (B, M)

WOMEN'S Yuu Ripple localjoes-27290 Womens COLORS/SIZES Riding Boots MULTI BOX COLORS/SIZES MSRP$89.99 NEW IN BOX fa45315 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
WOMEN'S Yuu Ripple localjoes-27290 Womens COLORS/SIZES Riding Boots MULTI BOX COLORS/SIZES MSRP$89.99 NEW IN BOX fa45315
WOMEN'S Yuu Ripple localjoes-27290 Womens COLORS/SIZES Riding Boots MULTI BOX COLORS/SIZES MSRP$89.99 NEW IN BOX fa45315 - hollisbaker.com

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%.

WOMEN'S Yuu Ripple localjoes-27290 Womens COLORS/SIZES Riding Boots MULTI BOX COLORS/SIZES MSRP$89.99 NEW IN BOX fa45315

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
WOMEN'S Yuu Ripple localjoes-27290 Womens COLORS/SIZES Riding Boots MULTI BOX COLORS/SIZES MSRP$89.99 NEW IN BOX fa45315 - hollisbaker.com
About This Author
WOMEN'S Yuu Ripple localjoes-27290 Womens COLORS/SIZES Riding Boots MULTI BOX COLORS/SIZES MSRP$89.99 NEW IN BOX fa45315 - hollisbaker.com
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
Contributors
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
 
Bloomingdale's brown leather fashion boot Size 6 1/2NEW Womens SONOMA SIGMA Black Leather Winter Fuzzy Boots Shoes SZ 7Women's Wine Color Faux Suede Short Boot , WOMEN'S Monet Roberta Black OR TAUPE boots MSRP$55◾12” shaft height NEW IN BOX , American Exchange New York women sz 5.5M Black suede leather ankle boots fringesReport Fringed Boots flat lavendar suede leather sz 7.5m , IKRUSH Womens Martha Buckle Block Heels , Stuart Weitzman Black Suede Strappy Zipper Closure Rounded Toe Boots Size 8.5Sam Edelman Black Leather Zip Up Peep Toe High Slim Heel Ankle Boots Size 8 , Parade women's boots leather upper heels burgundy color size 7NIB BEVERLY HILLS POLO CLUB Fuchsia/White Canvas Combat Boots Sz 6-11 190511CBBearTraps Boots 200g Grey Zippered Suede Leather Faux Fur Lined Women's Size 10Georgia Giant G3060 Ladies Black Leather Romeo Casual Work Shoes 7.5M (B52)Masterson Boot Co Black Brown Leather Western Cowboy Cowgirl Boots Women's 5D , NINE WEST ~ CLUB ~ SPARKLING SUEDE SHORT BOOT ~ CHESTNUT ~ FAUX FUR LINED , Womens Pointy Toe Suede Ankle Boots High Heel Stilettos Ankle Boots Hollow ShoesNew Pale Blue & Pink Rose Floral Pattern Rubber & Rain Garden Ankle Boots 7 , Naturalizer boots knee-high glassy brown leather harness strap woman's 8.5 m , Mango-51 Mid Calf Synthetic Zipper Low Heel Women's Casual Boots Black 7.5- , NEW Women's APT 9 CARLYLE Black Heel Fashion Dress Slip On Ankle Boots ShoesMango-51 Mid Calf Synthetic Zipper Low Heel Women's Casual Boots Tan 6^- , Autumn Winter Women Platform Shoes Boots Plush Slip Shoes Warm Boots , Chapter-13 Mid Calf Synthetic Zipper Low Heel Women's Casual Boots Black 6- , Chapter-13 Mid Calf Synthetic Zipper Low Heel Women's Casual Boots Tan 7.5- , IKRUSH Womens Ailidh Suedette Peep Toe Ankle Boot , DENALI - HIKING BOOT - Women's Sz 8 -Total Terrain Mid (Style AD8U60A-18) , Mango-51 Mid Calf Synthetic Zipper Low Heel Women's Casual Boots Brown 5.5^- , Franco Sarto Black Artist's Collection Zipper Knee High Boots Dover Sz 9M , Stuart Weitzman Brown Suede Almond Toe Block Heel Ankle Booties Size 8 ,
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 XAPPEAL ANKLE BOOTS STILETTO SZ 9 WOMEN'S COLOR BLACK PRE-OWNED , Not Rated Womens Chiara Beige Ankle Boots Shoes 8 Medium (B,M) BHFO 5023NEW Wild Diva Women’s Buckle Fashion Combat Riding Knee Boots US 9 M Shoes A873 , DIESEL Leather & Canvas Combat Boots Size 41 / Made in Portugal , Tommy Hilfiger Britton Gray Womens Shoes Size 10 M Boots MSRP $129Steve Madden Xenonn Black Suede Over The Knee Boots 7.5 , CLARKS WOMEN'S CHRIS SYDNEY ANKLE BOOTS BURGANDY LEATHER US SIZE 9.5 MEDIUM (B)M , ✿HUSH PUPPIES Waterproof Gray Premium Leather 3" Heel Zip Boots 10 W NEW! L@@K! , Roper Dusty Western Boots - Women's Size 10, Brown , ARIZONA Jeans TIVA Cloud Womens Boots SIZE 7.5 MAK Anne Klein Womens NWB Carlene Dark Brown Boots Shoes 6 MED NEWNaturalizer Tall Boots Women's size 6 Brown , Argila Gray-Brown Suede Booties (Size 37, US 7) , PLEASER Sexy 5" Chunky Heel Matte Black Platform Knee High Boots ELE2000Z/B/PU , HAFLINGER "Sassy' Wool Cat Kitty Slippers sz 37EXOTIC WOMEN'S DAN POST GENUINE LIZARD SKIN & LEATHER WESTERN COWBOY BOOTS 6.5 B , Cole Haan Women's Size 8.5Aylin Leather Bootie - Storm Cloud black leathW08626 , 9.5N SAS Tripad Comfort Black Patent Croc Print Slip On Loafer Flat Arch Support2 pairs Finn Comfort NEWPORT slip on walking shoes /US 10 black brown , Sabrinas London Negro Black Suede Slip On Casual Comfort Flat Shoe 38NewDansko Womens Mavis Dress Pump 38- Choose SZ/Color. , Tory Burch Antonia Loafer Blue 6Vionic Womens Spark Caroll Ballet Flat Light Pink Size 6Clovers Green Outdoor Running Shoes Men Male Fashion Slip On Mesh Sneakers CoolKlogs Austin Womens - Clogs Black Smooth - 10 Wide , Anthropologie Bill Blass Sutton Espadrilles-8-$228 MSRP , Skechers Womens Utopia Get Low Sneaker- Select SZ/Color.NIKE FLEX EXPERIENCE RN 4 blue gray mesh athletic sneakers sz. 10 (42) $110Puma X Rihanna Fenty Bow Slides “Marshmellow” (365774-02)Dansko Professional Nursing Shoes Size 41 Brown Floral Tooled Leather Design
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
WOMEN'S Yuu Ripple localjoes-27290 Womens COLORS/SIZES Riding Boots MULTI BOX COLORS/SIZES MSRP$89.99 NEW IN BOX fa45315 Boots
180766
541693
3217607
5232426
5797742
8148945
12989747
15908248
17695497
Powered by WordPress.com VIP.