The Buzz
All markets and investing news all the time

Luichiny Booties Orange Vegan Leather Crunch Time Ankle Booties NIB Crunch Womens Size US 11M NIB d155cc9

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: Ankle Boots
Heel Height: High (3 in. and Up) Color: Orange
Width: Medium (B, M) Material: Vegan Leather
Heel Type: Stiletto Brand: Luichiny
Fastening: Zip Pattern: Geometric
Country/Region of Manufacture: China US Shoe Size (Women's): 11
UPC: Does not apply

Luichiny Booties Orange Vegan Leather Crunch Time Ankle Booties NIB Crunch Womens Size US 11M NIB d155cc9 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Luichiny Booties Orange Vegan Leather Crunch Time Ankle Booties NIB Crunch Womens Size US 11M NIB d155cc9
Luichiny Booties Orange Vegan Leather Crunch Time Ankle Booties NIB Crunch Womens Size US 11M NIB d155cc9 -

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%.

Luichiny Booties Orange Vegan Leather Crunch Time Ankle Booties NIB Crunch Womens Size US 11M NIB d155cc9

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Luichiny Booties Orange Vegan Leather Crunch Time Ankle Booties NIB Crunch Womens Size US 11M NIB d155cc9 -
About This Author
Luichiny Booties Orange Vegan Leather Crunch Time Ankle Booties NIB Crunch Womens Size US 11M NIB d155cc9 -
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
Dr. Scholl's Brilliance Riding Boots, WhiskeyMaison Margiela 41 EU Open Toe BootiesVince Camuto “Parle”Over The Knee Boots Size 5.5Dolce Vita Zabi Taupe Nubuck Pull On Stacked Heel Ankle Boot NWOB 8M , JEFFREY CAMPBELL Olive Green Khaki Combat Boots 8 m Lk Nw!! , SPERRY TOPSIDER Celeste Bliss Wedge Bootie, 8.5 Lk Nw!CLARKS Women's sz 8W Everlay Mandy Boot Black Leather Ankle Bootie NWOB , Kamik Womens Waterproof Winter Boots Teal 7 W0307Cole Haan RAYNA Brown Suede Waterproof Wedge Ankle Boots Women’s Sz 9.5 BDolce Vita Iona Ankle Boot - Size 8 Black Suede Leather ~ New in BoxNew Enzo Angiolini Women's Tall Shaft Boots Black Leather Size 6 , FLY London Perforated Leather Wedge Sandals - Yake Black/Wht sole) 38(7-7.5)John Fluevog Women’s Black Booties With Side Zipper Pointed Toe Need Repair Sz11 , Vagabond Marja Taupe Suede Ankle Boot - NEW - Sz 38Women's Justin USA BRL212 Gold Tanish Brown Damiana Cowboy Western Boots Sz 6 BNEW Bearpaw NATALIA PLUM NEVERWET Suede Tassel Accent Ankle Boot , Johnston & Murphy Black Tall Boot W/Heel -Pebbled Leather SZ 10 Women , Hunter For Target Women's Waterproof Ankle Rain Boots Pink Size 10Womens 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 Rianer , Ariat 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 39 , Sam Edelman Brown Suede Tall Boots with Heel Size 6 1/2 6.5 , Miz Mooz Leather Cut Out Sandals w/ Stud Details - Tessa 37 (6.5-7)Giani Bernini Dafnee Women's Boots Black ,
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 Journee Collection Women Round Toe Synthetic Bootie SUN Taupe Size 8.5Ladies Spot On Flat Buckle Strap Side Zip Ankle Boot F4348Easy Street Womens reed Leather Almond Toe Ankle Fashion Boots, Taupe, Size 9.5 , Women's Black High Top Ankle Boots Romanian Size 5.5 Mallard Duck Emblem , KAYA Scrunchie Wrinkled Brown Leather Ladies Western Cowgirl Boots 7.5 Cowboy , STEVE MADDEN JAVAA BROWN LEATHER & SUEDE FASHION ANKLE BOOTS WOMENS 7 B EUC , Durango Womens Black/ Dark Gray Distressed Knee High Boots Size 8.5 M , Big Sky Western Embroidered Kickback Slipper Boots Sz LG , Shi by Journeys Women's Warrior Black Knee High Boots , Candela NYC Women's Brown Combo Lalo Flat Suede Boots Sz 37.5 $390 With BoxNM70 Black Leather HIGH HEEL TALL Boots Retro Striped Black/White RARE Size 10ATTILIO GIUSTI LEOMBRUNI Women's Black Suede Cap Toe Ankle Boots Size 8/38Women’s Gray Suede CLARKS Faraway Plateau Fur Lined Winter Ankle Boots Sz-10MNEW DOLCE VITA SAYLOR BLACK LEATHER WESTERN MOTO ANKLE BOOTIE BOOTS SIZE US 7.5 , Wolverine Merlin 6 Women's Brown Waterproof Composite-Toe Work Boots-Size US 5M , ASH Womens Misstic Navy Velvet Casual Shoes Sneakers 41 Medium (B,M) BHFO 4729 , Donald Pliner Couture Cactus Metallic Leather Shoe New Flat Slide 5.5 $235 NIBFrye Black Soft Leather Flats - Women’s Size 10 - Brand New In BoxJoie Kidmore Skate Slip-On Shoe/Sneakers Black Leather SIZE 39.5SUMMIT By White Mountain Womens Kamora Black Italian Leather Flats ITALY Sz 9/40Paul Mayer Attitudes Kitten Heels Sparkly Gems Mesh Sides Sz 9.5 B Made in Spain , Women's Purse and Sneakers Real Leather Brand NewNAOT Women's Toatoa Flat - Choose SZ/Color , Adidas Womens PowerAlley 4 B/W Athletic Cleats Shoes 12.5 Medium (B,M) BHFO 1246UIN Women's Sunshine Printed Canvas Loafer Shoe Light Yellow 8 , Tory Burch Reva Cheetah Print Calf Hair Ballet Flat ShoesNew Womens Nike Air Huarache Run Prm TXT Shoes AA0523-200 sz 7 Mtlc Red Bronze , Brand New Converse Womens JP HELEN OX Shoes Royal Blue Size BCF511White Mountain grey boots sz 7Nike Epic React Flyknit AQ0070-010 Gunsmoke BRAND NEW Size 10.5 Women’s ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Luichiny Booties Orange Vegan Leather Crunch Time Ankle Booties NIB Crunch Womens Size US 11M NIB d155cc9 Boots
Powered by VIP.