The Buzz
All markets and investing news all the time

Carlos by Carlos Santana Womens Carlos Gamma Santana Fabric Size Almond Toe Ankle, Doe, Size 8.0 3d2b529

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
Brand: Carlos by Carlos Santana
Material: Fabric Style: Ankle Boots
Pattern: Solid Width: Medium (B, M)
Occasion: Casual Color: Tan
US Shoe Size (Women's): 8 Heel Type: Block
UPC: 727688032474

Carlos by Carlos Santana Womens Carlos Gamma Santana Fabric Size Almond Toe Ankle, Doe, Size 8.0 3d2b529 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Carlos by Carlos Santana Womens Carlos Gamma Santana Fabric Size Almond Toe Ankle, Doe, Size 8.0 3d2b529
Carlos by Carlos Santana Womens Carlos Gamma Santana Fabric Size Almond Toe Ankle, Doe, Size 8.0 3d2b529 -

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%.

Carlos by Carlos Santana Womens Carlos Gamma Santana Fabric Size Almond Toe Ankle, Doe, Size 8.0 3d2b529

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Carlos by Carlos Santana Womens Carlos Gamma Santana Fabric Size Almond Toe Ankle, Doe, Size 8.0 3d2b529 -
About This Author
Carlos by Carlos Santana Womens Carlos Gamma Santana Fabric Size Almond Toe Ankle, Doe, Size 8.0 3d2b529 -
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
Lacrosse Black Zipper Rain Boots 7 Medium Over ShoeVery Volatile Womens Joan Leather Pointed Toe Ankle Fashion, Khaki, Size 8.0 nquCall It Spring Women's Bigger Ankle Bootie, Black, Size 9.0Bare Traps Womens danula Almond Toe Ankle Cold Weather Boots, Black, Size 9.0 WaVasque Womens St Elias GTX Brown Leather Athletic Hiking Outdoor Boots Sz 7.5Carlos by Carlos Santana Womens cayenne Leather Almond Toe Ankle Fashion Boots , P. W. Minor Black Zipper Rain Boot 8 Over ShoeFergalicious Womens tootsie Suede Almond Toe Knee High Fashion BootsCatherines Size 11 Black Slouch Booties Orig $69 Vegan Leather , Report Womens elina Closed Toe Mid-Calf Fashion Boots, Black, Size 6.0 , Madden Girl Women's Melinda Fashion Boot , Ladies Brown Ankle Boots 6-10 / 37-41 -RRP $119 ** WAREHOUSE CLEARANCE PRICES **Boots LA SCARPA Cuir Marron Elastiquées T 35 TTBEescarpins fermé vert bout rond 37 COMERvintage rare MERRELL NOVA GTX II Gore-Tex suede hiking/trail boot/shoe . women 6Pointed Toe Platform Stiletto Heels Stretch Thigh High Boots Shoes Adult Womennew ladies Skintone Round Toe 2"Hidden Wedge Heel SEXY Ankle Boot Size 8.5Report Women's Melvin Western Boot, Taupe, Size 8.5Lucky Women's LK-Sancha Ankle Boot Black 9.5 M , Justfab Just Fab Wide Calf Boots size 8w , Cole Haan brown suede sz 5.5 51/2 womens brown fur ankle boots , White Mountain Dia' Women's Boot Black Size 7.0 1d5C , Use-Custom-Brand Womens Melborne Closed Toe Ankle Fashion Boots , Women Winter Boots Big Size Suede Mid-Calf Chunky Elasticity Heel Casual Shoes , NIB Fergalicious Women Ankle Whisper Bootie Color is Cognac Size is 7 M , Ladies Rain Boots Non-Skid Waterproof Plastic Fashion Flowers PVC Shoes sz 7 , Mi Bottes Cuir Marron doublées Cuir Hauts Talons T 39 BELacrosse Gray Slip On Rain Boots 5 Medium Over Shoe , Justfab Suede material Wide Calf Boots size 8w ,
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 Stylish Womens OL Buckle Strap Side Zip Block Platform Ankle Boots Court ShoesKenneth Cole Wedge Heel Sandal's size 9m , Black Spikes 5.5" High Stiletto Heel 1.5" Platform Sexy Ankle Boots Size 6.5Black Suede Fabric Boots Size 8½M Wedge Heel Zipper Buckles Ankle And CalfAdam Tucker Kaplin Mid-Calf Fashion Boots, Taupe, 8 US Display , MISS SIXTY Daker Black Leather Buckle Strap Wedge Heel Boots Size 39 EUR , Propét Womens WBX002S Leather Round Toe Ankle Cold Weather, Grey, Size 9.5 o94vLifeStride Women's Delilah WC Equestrian Boot, Black, Size 9.0 bdRv , Calvin Klein Cyra Dress Back Stretch Riding Boots 474, Black Suede, 11 US / 41.5Reba NWOB Womens Reba Stand Brown Boots Shoes 6 Medium NEW , Thick Warm Waterproof Modern Winter Boots for WomenKhombu Black Womens Patent Leather Snow Winter Boots Sz 10 M Misty Zip Up , NEW* NATURALIZER GRAY Belted LEATHER Ankle Boot 9 W ( msrp$129+) , Ladies Club Shoes Hollow Out Zip Over Knee High Heels Boots Sandals US Size B150 , Earth Origins Raven Leather Ankle Boots w/Buckle Straps Red size 10M , NEW! West Blvd Rt. 66 Rain Boots 10MMas Artisan Women's Abby Ankle Bootie, Camel, 6 M USPour La Victoire HILA 2 MonkStrap OXFORD Leather Shoes Women 9.5 Egsh MP$250 NEWPRETTY BALLERINAS Chic Woven Bottega Leather Ballet Flats 41Clarks- Channing Ann Loafers, Women's Size 6.5 M, Black , Salvatore Ferragamo Foulard Ankle Strap Patent Ballet FlatMIU MIU Grey Ponyhair Embellished Ballerinas, US 10.5 , VALENTINO GARAVANI Fur Sandals Size 38.5 / Made in ItalyNEW KARL LAGERFELD PARIS ALB17 WOVEN SLIP ON ESPADRILLE SHOES BLACK WHITE 8 $199 , ADIDAS WOMENS SHOES EDGE LUX CLIMA CG4776 , Skechers Sport Women's Flex Appeal 2.0 Sneaker , Women's Talaria Flats Womens Foldable Ballet Flats , Skechers Women Black 7.5 M Australia Cozy Suede Leather Boots Faux LinedSanita Women's Sonja Oil Clog - Choose SZ/Color , Skechers Work Mule Clara Womens White Shoes Sz 8 (42-2) ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Carlos by Carlos Santana Womens Carlos Gamma Santana Fabric Size Almond Toe Ankle, Doe, Size 8.0 3d2b529 Boots
Powered by VIP.