The Buzz
All markets and investing news all the time

Ellie Shoes Women's 9 Women's 253 Rebecca Victorian Boot, White, 9 US M US 0bc11fe

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
UPC: 696393048660
Department: womens EAN: 0696393048660
Weight: 2.46 lbs Brand: Ellie Shoes
Dimensions: L 12 x W 11.4 x H 4.5 inches MPN: 253-rebecca
ProductGroup: Shoes Binding: Apparel
ISBN: Not Applicable ClothingSize: 9 M US
Style: Not Applicable Color: White
US Shoe Size (Women's): 9 M US

Ellie Shoes Women's 9 Women's 253 Rebecca Victorian Boot, White, 9 US M US 0bc11fe -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Ellie Shoes Women's 9 Women's 253 Rebecca Victorian Boot, White, 9 US M US 0bc11fe
Ellie Shoes Women's 9 Women's 253 Rebecca Victorian Boot, White, 9 US M US 0bc11fe -

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%.

Ellie Shoes Women's 9 Women's 253 Rebecca Victorian Boot, White, 9 US M US 0bc11fe

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Ellie Shoes Women's 9 Women's 253 Rebecca Victorian Boot, White, 9 US M US 0bc11fe -
About This Author
Ellie Shoes Women's 9 Women's 253 Rebecca Victorian Boot, White, 9 US M US 0bc11fe -
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
Lugz Women's Tamar Fashion Boot Red Brown/Gum 8.5 M USRockport Women's Total Motion Cherene Boot, New Taupe Shiny Python, 9.5 MLauren Ralph Lauren Women's Tamia-Bo-Cwd Boot, Camel, 8 B USClarks "Gelata Flora" Casual Booties M- Pick SZ/Color.LifeStride Soft System Boots Size 10 EUC , Corso Como Womens Autumn Ankle Bootie- Pick SZ/Color.Bottes Cuissardes Sexy Cuir Daim Mode Fashion Haut Talon P34 - 43 NEUVESWhite Boots Fur Vegan Women's Mid-Calf Winter Slip On , Lugz Women's Flirt Hi Zip Winter Boot Riverstone/Black 9 M USFRANCO SARTO Boots Womens 9.5M Brown TALL Heels Zip UpKaty Perry Women's The Evelyn Mid Calf Boot, Charcoal, 5.5 Medium US , Call It Spring Women's Yeriwiel Riding Boot, Black Synthetic, 8.5 B US , Cobb Hill Rockport Women's Missy Boot, Almond, 10 N US , Lucky Brand Women's Sancha Ankle Boot, Brindle, 10 Medium US , Hot Sale Russian Shoes Black Platform Boots Women Zipper Autumn High Heelsnew Womens Black 6"stiletto High Heel Over Knee Sexy Boots Round Toe Size 6 , Trotters Women's Shannon Ankle Bootie, Dark Brown, 11 N USBC Footwear Women's Cuddle Ankle Bootie, Taupe, 7 M US , Material Girl Women's Melation Boot (7, Black)Sexy 3" High Heel Gogo Dancer Silver Knee Boots Halloween Costume GOGO300/S/PU , Kamik Women's Snowvalley Snow Boot, Orange/Brown, 6 D USBOTTES EN CUIR FACON BASKET MONTANTES LEPI T 40 MARRON TALONS PLATS TBE SAC F , Sexy Pleaser 4" Chunky Heel Platform Stretch Matte White GoGo Knee Boots 6-14 , Seychelles Women's Theater Ankle Boot, Black, 7.5 M US , ARRAY Womens logan Leather Closed Toe Mid-Calf Fashion Boots, Whiskey, Size 11.0Sexy 3" High Heel Gogo Dancer Hot Pink Knee Boots Halloween Costume GOGO300/HPBlack Round Toe 1" Block Heel Over Knee Sexy Boot Side Zip Size 8.5 , Inc International Concepts Women's Gutsy Ankle Booties Black Suede 7.5 , Womens $90 Vera Wang Ladies Platform Heels Wedge Ankle Boots Booties BLACK 9.5 ,
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 Tommy Hilfiger Ankle boots brown leather size 7.5M 3.5" HeelBucco Womens Black Ankle Boots Size 8 MChinese Laundry Brown Crinkled Suede Boots New , 8.5 8 1/2 Womens Bare Traps Areli Brown Slouch Boots Mid Calf Steampunk HeeledALDO Black Synthetic Leather Side Zip Mid Calf Boots Women's Size 9Merrell Moab Mid Gore-Tex XCR Womens Girls US 5 Medium Grey Hiking Shoe , Lauren Lorraine Ness Rhinestone Nude Sparkle Platform Wedge Formal Dress Sandal , New Print Star Stripe Womens Med Calf Boots Zip Block Heels Platform ShoesCrown Vintage Womens regina Leather Almond Toe Ankle, Grey SUEDE, Size 5.5 , Style & Co. Womens Lolah Closed Toe Knee High Fashion Boots, Black, Size 10.0 MtBlack Cato high heeled Boots Size 8 M zipper high heelNew Naturalizer CARLYLE Women's Brown Suede Slouch Ankle Boots 10M MSRP $99 NIBFUGU Light Brown Tan Leather Buckle Ankle Boots 7.5 Malibu , Elegant Women’s Retro Pointy Toe Vogue Embroider Stilettos Knee High Boot VogueVince Camuto Karita OTK Black Verona Neoprene Suede Elastic Riding Boots $239New Womes Hi-tec Bandera Mid II Wp Size 8.5 , Ivanka Trump Riviera Women's Boots Dark GrayChooka Womens flex fit elastic Rubber Closed Toe Knee Black/ flowers Size 10.0TAOS Ankle Boots Heeled Booties Shoes Women's 6.5 6 37 , Ashley Stewart Shearling Lined Suede Wide calf Winter Wedge Boots , Cobb Hill Deidre By New Balance Black - 7.5 MediumEUC Anthropolgie Pilcro and the Letterpress Beetle Flats RARE Sz 8 $158 Boho , Geox Women's Leelyan 5 Moccasin - Choose SZ/Color , Johnston & Murphy Red Leather Maggie Camp Moc Moccasin Slip On Shoe 8.5 New , Tieks by Gavrieli PURPLE flat shoe ballerina flat sizse 8 (sh1000$298 Women's Stuart Weitzman Suede Stretch Brown Flats Size 7.5 M NEWPRADA Mocassins Souples Femme Cuir Noir T 37.5 TBE , NIB SKECHERS BREATHE EASY GRAY SLIP ON SHOES SIZE 7 NWBA116 Nike Women's Air Max 1 Ultra Essentials Sneakers Size 10 New Retail $110 , Women's Women Flat Heel Ankle Boots Boots
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Ellie Shoes Women's 9 Women's 253 Rebecca Victorian Boot, White, 9 US M US 0bc11fe Boots
Powered by VIP.