The Buzz
All markets and investing news all the time

Spring Step Vanish Womens Black Winter Winter Snow Boots Womens Snow Size/ US 7.5-8 7f99750

Item specifics

New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Style: Winter Boots
US Shoe Size (Women's): 7.5-8 Width: Medium (D, M)
Brand: Spring Step Color: Black
EUR Shoe Size (Women's): 38 UPC: Does not apply

Spring Step Vanish Womens Black Winter Winter Snow Boots Womens Snow Size/ US 7.5-8 7f99750 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Spring Step Vanish Womens Black Winter Winter Snow Boots Womens Snow Size/ US 7.5-8 7f99750
Spring Step Vanish Womens Black Winter Winter Snow Boots Womens Snow Size/ US 7.5-8 7f99750 -

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%.

Spring Step Vanish Womens Black Winter Winter Snow Boots Womens Snow Size/ US 7.5-8 7f99750

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Spring Step Vanish Womens Black Winter Winter Snow Boots Womens Snow Size/ US 7.5-8 7f99750 -
About This Author
Spring Step Vanish Womens Black Winter Winter Snow Boots Womens Snow Size/ US 7.5-8 7f99750 -
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
Womens Dark Slate Tall Original Hunter Boots Size 6m. Fits Womens 7 In Reg ShoesNIB Clarks Women's Nevella Bell Soft Cushion Dark Taupe Suede Ankle Boots 7.5M , Blondo Vegas Waterproof Bootie - Women's Size 9.5M BrownVINCE CAMUTO Black Leather Zip Quilted Knee High Riding Boots Size 10 B RianerAriat Women's Heritage R Toe Brown Western Cowboy Cowgirl Boots 10001015 Size 6BSam Edelman Shelby Ankle Boot - Women's Size 7M BlackMIZ MOOZ Black Leather Astor Tall Boots Sz 11BOGS DAKOTA 71419 TALL BROWN WESTERN RUBBER WATERPROOF RAIN RIDING BOOTS 8 39Sam Edelman Brown Suede Tall Boots with Heel Size 6 1/2 6.5Miz Mooz Leather Cut Out Sandals w/ Stud Details - Tessa 37 (6.5-7) , Giani Bernini Dafnee Women's Boots BlackEileen Fisher Booties Suede Chunky Heel Black Womens 7 , Kenneth Cole Reaction Size 9.5M Gray Riding Boots , BRAND NEW LEVI'S WOMENS LEATHER MAINE BLACK BOOTS SIZE 9Women’s 8.5/9 Men’s 7 Justin Cowgirl Cowboy Boots Brown Tan Leather Stitching , Reiker Anti Stress Woman Winter Suede & Fur Boots Fur Ties Size 7.5 US 38 EUThe North Face - Women's Pull-on Boots - Brown - Size 10New AUSTRALIA LUXE 'Cosy' Short Snake Print Shearling Boots 9 USFranco Sarto Edaline Wrap Around Ankle Tie Boots, TobaccoWomen's Hunter Sz 6.5 Rain Boots Winter Blue Rubber Waterproof Great Britain N6 , FLY London Leather Cross-strap Mary Janes - Yepe Mint 39 (8-8.5 ) , Montana West Boots Womens Western Fringe Collection Winter Shoes Lacing BlackAmazonas Cavalier Tall English Leather Riding Boots - Sz. 8 , US Shoe Size Women Low Wedges Ankle Boots Comfort Casual Fashion Dress Booties , Spring Step Vanish Brown Winter Snow Boots Womens Size / US 6.5-7ASH Black Paradise Leather Wedge Zipper Ankle Boots Size 7 , BCBGeneration Krew Heel Strapped Anke Booties, Black , "ALBERTO FERMAN" WOMENS NEW BROWN LEATHER TALL BOOTS SIZE EU38.5/US 7-7.5 SHOES , Womens Justin 6 1/2 B Brown Oil Finish Western Cowboy Pull On Boots ** Nice Ones
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 NEW WOMENS SUPERIOR BOOT COMPANY BROWN FERNIE DUCK BOOTS SIZE 6M 6 MBAMBOO MONTAGE-53 FAUX LEATHER BLACK TALL RIDING BIKER ZIPPER DETAIL BOOTS SZ 9 , Not Rated Womens Chiara Beige Ankle Boots Shoes 9 Medium (B,M) BHFO 7098LADIES MISTER SHOES 15" KNEE HIGH BROWN FASHION BOOTS SIZE 6.5 MFergalicious Womens tootsie Suede Almond Toe Knee High Fashion, Doe, Size 10.0 nAcme18043 7M Vintage RED Roper Boots USA Made Cowboy Western Mint! , NINE WEST Natica Black Leather Suede Ankle Boots Sz 9 M Belted Cuffed 3.5" Heel , NaturalSoul by naturalizer Kasta Women's Size 10M-Black-Pre OwnedMARC FISHER LTD Womens Dark Brown Suede Pointed Toe Aaliyah Boots Size 5 MediumFranco Sarto Harwick Brown Womens Shoes Size 10 M Boots MSRP $129NEW TORRID for lane bryant faux suede bow back over knee boots 11wDolce & Gabbana Boots Black Leather Women's Size 38 US 7.5 , Women Winter Soft Ankle Keep Warm Short Plush Fashion Wild Black Snow Boots , Earth Women's "Orion" Suede Multi-Colored Zip Up Ankle Boots Size 8.5 US , MINT ! WOMENS 6.5 B ARIAT Black Deertan Heritage SNIP TOE WESTERN BOOTS , OFFICE LONDON - BOTTINES BOOTS BIKER TOUT CUIR NOIR 37 - NEUFBALLY OF SUISSE, 8 US (5 1/2UK), womens leather, brown, P-W-17 , sz 6.5 NEW AGL Attilio Giusti Leombruni BALLET FLATS Ginger Suede Cap Toe ShoesVANELi MANGO 774002-020 Vaneli Womens Mango Loafer- Choose SZ/Color. , SUNSTONE-001 Seychelles Womens Sunstone Loafer- Choose SZ/Color. , Mobils Patrizia Dark Brown Womens Nubuck ShoesSarto by Franco Sarto Odyssey Strap Loafers, Blush, 9.5 US / 39.5 EUCLARKS Women's Doraville Nest Slip-On Loafer - Choose SZ/Color , Womens THINK! Chili 228577 Black Leather Loafers Shoes Sz. 38ASICS Women's GEL-Fortius TR Training Shoe-Size 11-Style S384Y-Mint!!!! , Adidas Womens Superstar Slip On Sneaker Shoe Black Stretch White 14.5 M USNew Mules Embroidery Floral Satin Pointy Toe Flats Slippers Loafers Womens ShoesLaPlume, Raleigh Grey Combo, Size 38 (7.5), Flat SandalsNIKE SHOX Turbo 9 sneakers RARE 8.5 teal blue silver & white VEEUC , Womens Ankle Boots Suede Super High Heels Chunky Platform Sexy Nightclub Shoes M
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Spring Step Vanish Womens Black Winter Winter Snow Boots Womens Snow Size/ US 7.5-8 7f99750 Boots
Powered by VIP.