The Buzz
All markets and investing news all the time

Lucky Women's Women's LK-Ramses Fashion localjoes-27792 Boot Sable 7.5 7.5 Medium US 7845573

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
Accents: Cut-Out
Width: Medium (B, M) Model: LK-Ramses
UK Shoe Size (Women's): UK 5.5 Style: Booties
Features: Zip Boot Shaft Height: Ankle
EUR Shoe Size (Women's): EUR 38 Calf Width: Medium
Color: Red Heel Height: High (3 in. and Up)
Calf Circumference: 11" US Shoe Size (Women's): US 7.5
Brand: Lucky Brand Material: Suede
Heel Type: Block UPC: 190955472622

Lucky Women's Women's LK-Ramses Fashion localjoes-27792 Boot Sable 7.5 7.5 Medium US 7845573 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Lucky Women's Women's LK-Ramses Fashion localjoes-27792 Boot Sable 7.5 7.5 Medium US 7845573
Lucky Women's Women's LK-Ramses Fashion localjoes-27792 Boot Sable 7.5 7.5 Medium US 7845573 -

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%.

Lucky Women's Women's LK-Ramses Fashion localjoes-27792 Boot Sable 7.5 7.5 Medium US 7845573

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Lucky Women's Women's LK-Ramses Fashion localjoes-27792 Boot Sable 7.5 7.5 Medium US 7845573 -
About This Author
Lucky Women's Women's LK-Ramses Fashion localjoes-27792 Boot Sable 7.5 7.5 Medium US 7845573 -
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
vintage rare MERRELL NOVA GTX II Gore-Tex suede hiking/trail boot/shoe . women 6Pointed Toe Platform Stiletto Heels Stretch Thigh High Boots Shoes Adult Women , new 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 MJustfab 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 1d5CUse-Custom-Brand Womens Melborne Closed Toe Ankle Fashion Boots , Women Winter Boots Big Size Suede Mid-Calf Chunky Elasticity Heel Casual ShoesNIB Fergalicious Women Ankle Whisper Bootie Color is Cognac Size is 7 MLadies Rain Boots Non-Skid Waterproof Plastic Fashion Flowers PVC Shoes sz 7Mi Bottes Cuir Marron doublées Cuir Hauts Talons T 39 BE , Lacrosse Gray Slip On Rain Boots 5 Medium Over ShoeJustfab Suede material Wide Calf Boots size 8wBlack Comfortable Flat Round Toe Ankle Boot Side Buckles Size 6 , WOMEN'S SIZE 11, BLACK SUEDE, CUBAN HEEL BOOTS WITH SIDE ZIPPER BY DEXTER!Fergalicious Womens bata Closed Toe Knee High Fashion Boots , Bottes MAFER Venezia Tout Cuir T36 TTBEKENDALL + KYLIE Womens Elaine Taupe Suede Size 9.5 y05H , New Brazilio Womens Comfortable Wedge Chelsea Ankle Boots , Blowfish Womens dundee Closed Toe Knee High Fashion Boots, Black, Size 10.0 LdkGBooties female winter new warm short tube cotton boots side zip Martin boots , Motorcycle Punk Gothic Womens Platform Front Zip Combat Shoes Ankle Boots NewMADE IN CHELSEA Designer Peep-Toe Black Patent Platform 6" HeelsNew Women Breckelles Beverly-43 Over The Knee Pointy Toe Single Sole Boot SizeINC International Concepts Womens hadi Closed Toe Knee, Warm Taupe, Size 8.0Nine West Low Ankle Boots 7.5M Womens Shoes Brown Leather Zip Ups N-Lamenco , ZIGI SOHO Womens Madalyn Closed Toe Mid-Calf Cold Weather Boots, Brown, Size 5.0 ,
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 Cape Robbin Red Wine Velvet w/ Black & White Trim Combat Boots Shoes 8.5+ , Bandolino Women’s "Carden" Shootie Suede 6 M boots booties , Forever 21 Black Faux Suede Pointed Toe Ankle Booties Teen Woman's Sz 7.5 NWTCHARMING CHARLIE Size 10 Knee High Dark Brown Faux Woven Leather Fashion Boots , Teva Womens Black Leather Knee High Boots Size 8.5 M , White Mountain Dia' Women's Boot, Ligth Taupe, Size 9.5 ExaZWomens Independent Boot Company Zipper Boots 8.5 MVery Volatile Womens Braya Ankle Bootie- Pick SZ/Color. , Dolce Vita Womens Brown Over The Knee Boots 6.5RALPH LAUREN Sz 8.5 B Brown Tassel Tie Flat Loafers/Low Heel Made ItalyLE Women's Star Wars Irregular Choice Darth Vader Flats Shoes Size 6.5Womens ECCO SCULPTURED 226196 warm gray leather Mary Jane shoes sz. 37 NEW!NWOB Boemos Women Studded Oxford Shoes Size 8Earth Juniper - Women's Slip-on Wedge Summer Shoe Black - 9 Medium , ❤️ TORY BURCH 7 Orange Brown Leather Ballet Flats ShoesValentino Garavani Rockstud Silver Pebbled Leather Flats Womens Size M , Alberto Moretti Mirror Finish Slip On Size 36 , New Tory Burch Logo Chain Espadrille Shoes Size 10 Ballet Flats Bordeaux Velvet , MEPHISTO WOMEN'S YELDA WALKING COMFORT SLIP-ON SHOES, ARCH SUPPORTNew Just Cavalli Black Leather/ Gold ~ Athletic/ Casual ~Sizes US : 6.5 & 8.5Skechers™ ~ SHAPE-UPS Strength Fitness Shoes ~ 12309 ~ Women Sz 10 ~ GOOD , TODS driving moc, zebra/tiger stripe pony hair with tie detail. Made in Italy , PUMA Women's Basket Platform Patent Wn Sneaker - MARSHMALLOW Size 10 USPUMA Women's Tazon 6 Knit Wn White Silver 7.5 M USMerrell Women's Agility Peak Flex 2 E-Mesh Sneaker, Legion Blue, 5.5 M US , Skechers Women's Microburst Topnotch Sneaker - Choose SZ/ColorSkechers Women's D'Lites ExtremeWomens Winter Round Toe Faux Fur Lined Flat Snow Zip Ankle Boots Shoes HOT SaleFab Naturalizer Ankle Bootie Tarrin Faux Fur 8.5 N Tan Cream New without BoxGOLDEN GOOSE DELUXE BRAND Superstar VE Blue Denim Sparkles Low Top Sneaker 40/9 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Lucky Women's Women's LK-Ramses Fashion localjoes-27792 Boot Sable 7.5 7.5 Medium US 7845573 Boots
Powered by VIP.