The Buzz
All markets and investing news all the time

New Denim Side Womens Ankle Boots Stiletto Pointy Toes Womens 27748 Slim Heels Side Zip Party Shoe 7359858

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: Unbranded
Heel Type: Stiletto Style: Ankle Boots
Material: Denim Country/Region of Manufacture: China
Occasion: Casual Fastening: Zip
Pattern: Solid Heel Height: High (3 in. and Up)
Width: Medium (B, M)

New Denim Side Womens Ankle Boots Stiletto Pointy Toes Womens 27748 Slim Heels Side Zip Party Shoe 7359858 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
New Denim Side Womens Ankle Boots Stiletto Pointy Toes Womens 27748 Slim Heels Side Zip Party Shoe 7359858
New Denim Side Womens Ankle Boots Stiletto Pointy Toes Womens 27748 Slim Heels Side Zip Party Shoe 7359858 -

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%.

New Denim Side Womens Ankle Boots Stiletto Pointy Toes Womens 27748 Slim Heels Side Zip Party Shoe 7359858

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
New Denim Side Womens Ankle Boots Stiletto Pointy Toes Womens 27748 Slim Heels Side Zip Party Shoe 7359858 -
About This Author
New Denim Side Womens Ankle Boots Stiletto Pointy Toes Womens 27748 Slim Heels Side Zip Party Shoe 7359858 -
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
PATENT LEATHER BALLET PUMPS SIZE 10-16 HEELS-8,5'- PRODUCER POLAND FS1022 , Union Creative Calne Ca Hdge Cosplay Boots Shoes Any SizeDoc Martens Womens 6 Eye Embossed Flower Brown Leather Ankle Boots Dr , Alfani Womens Vandela2 Leather Closed Toe Ankle Fashion Boots, Black, Size 7.0 B , EDEN Bottes Genoux Daim Brique à Hauts Talons T 40 TBE , Gentle Souls Womens Barberton Suede Chelsea Ankle Boot Shoes, Dark Taupe, US 6 , J CREW black suede leather lining LAINE side zip booties ANKLE BOOTS size 7.5New Women Stilettos Heel Shoes Rivets Round Toe Strappy Punk Buckle Ankle Boots , HOSS SUEDE INTROPIA WEDGE BURGUNDY BOOTS SZ 8.5-9 , Vans U Era Navy White Canvas Unisex Skate Trainers Shoes , Womens Vagabond Grace Work Black Block Heel Fashion Ankle Suede Boots US 5.5-10Women Chic Sequins Over Knee Thigh High Boots Shaped Heels Stretchy Pointed Toe , Pleaser 5" Block Stack Platform Black Stretch Patent Knee Boots Women's 6-14 , Retro Womens Embroidered Pattern Zipper Ethnic Suede Knee high Boots Shoes HotCipriata Ankle Leather Dealer Boots Twin Gusset Horse Riding Equestrian Womens , Humanoid Purple Leather Round Toe Slouch Ankle Boot Size 36 6 , Lauren Ralph Lauren Women's Brown Tamia Leather Wedge Bootie Shoes Ret $139 New , CROCS TALL RAIN BOOTS FREE SAIL JAUNT GEORGIE SHOE CLOG~Black~Women 8~NWTDOUBLE H Harness Boots, Brown Leather 6 womens, DH5055 , Keen Womens Targhee III Mid Brown Leather Athletic Hiking Trail Boots Size 7.5COWBOY BOOTS WOMEN'S SIZE 7 BROWN EMBROIDERED LEATHER BEAUTIFUL L@@K , Minions Scarlet Overkill Womens Costume Size STDRockport Ladies Presia Mary Jane Tied Black Shoes Womens Heels Adiprene New , NWOB LADIES' COLE HAAN CHOCOLATE BROWN SUEDE ANKLE BOOTS - Size 9BBX856 OLGA RUBINI shoes black leather women ankle boots , British New Fashion Women Pointy Toe Stilettos High Heels Ankle Boots Plus Size , *Women's Twisted X WCM0003 Leather Cowgirl Boots Black/ Pink (9 ½ B )Women Ankle Boots Winter Warm Snow Suede Cuffed Big Fur Bowknot Slim Heels ShoeWomen Black High Boots with Asymmetric Design and Cushioned Finish by Andrea
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 Walking Cradles Women's Hemingway Boot, Black Textured, 8 WW US , Pineapple Glacier Women's Black Zip Up Mid Calf Snow Boots NewRAMPAGE Fringe Pow Wow American Indian Moccasins Wedge BOOTS Womens Shoes Sz 6 ~WARM Funky CAMPER Brown Leather Fur Lined Boots 38GUESS Women’s Brown Distressed Cowboy Boots Leather Size 6.5 NICOLE RIDING BOOTSTS35 Brunna Platform Ankle Boots, Silver MetallicWomens sz 9 M Western Chief Evening Owls Birds Tall Rain Boots Black WaterproofVintage Frye Cowboy Boots Womens Sz 9 , Sam Edelman Petty Ankle Bootie - Women's Size 6.5M BlackNew BCBGeneration CREST Women's Black Suede Ankle Boots 10M MSRP $120 NIBnew DIESEL run-to w Designer women Boots shoe brown leather zipper 7.5 M , Women's Vince Camuto 'Romeo' Black Leather Booties Size 6M , Hot Fashion Women Leather Round Toe Block Heels Punk Platform Ankle Knight BootsTesori Black Suede Ankle Booties Hidden Wedge Boots Women’s Size 6.5 M * , Franco Sarto Womens Brown Leather Canary Riding Boots Shoe Size 6.5 MJ. Crew Sz 9 Dark Brown MacAlister Shearling Fur Wedge Heel Ankle Boots Italy , NIB MEPHISTO Allrounder Casual COMFORT Flats w/Removable Insoles Size 6.5M , $185 Via Spiga Womens Velvet Dark Bronze 6.5Womens Genuine Leather Loafers Slip On Backless Mules Flats Shoes New Y , TSUBO Millay men's women's sneakers leather shoes US 8 (rrp:) , Loeffler Randall Women's Ambra Kid Nappa Ballet Flat - Choose SZ/Color , $180 NEW Womens 38 Birkenstock Manitoba SANDBOBS from Skechers Women's Highlights Flexpadrille Wedge Slip On Loafers OxfordsVans Sk8 Hi Top Galaxy Floral Single Amputee (Right) Shoe Women size 9 (7.5 M)Nike 1.0 Cross Bionic Training sneaker - womens , Merrell Womens - Black Walking Shoes Size 9.5 (414483)Women's RAMPAGE size 11 m Black Knee High Tall riding Dress Casual Boots NEW , Womens Knitted Black Pull On Over Knee Thigh Boots Stretchy Hidden Heels Shoes , Nurse Mates Adela 259621 Womens Black Reptile Slip On Shoes Size 6 M , Dansko Sanita Clogs Shoes Size 37 Stapled Leather Brown Red Professional Denmark ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
New Denim Side Womens Ankle Boots Stiletto Pointy Toes Womens 27748 Slim Heels Side Zip Party Shoe 7359858 Boots
Powered by VIP.