The Buzz
All markets and investing news all the time

Nine 27742 West Brown Suede Leather Slouch Booties Boots Heels Boots Leather - NWOT Size 6.5 - $175 73106cf

Item specifics

New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Brand: Nine West
Heel Type: Slim US Shoe Size (Women's): 6.5
Width: Medium (B, M) Style: Slouch Boots
Color: Brown Material: Suede

Nine 27742 West Brown Suede Leather Slouch Booties Boots Heels Boots Leather - NWOT Size 6.5 - $175 73106cf -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Nine 27742 West Brown Suede Leather Slouch Booties Boots Heels Boots Leather - NWOT Size 6.5 - $175 73106cf
Nine 27742 West Brown Suede Leather Slouch Booties Boots Heels Boots Leather - NWOT Size 6.5 - $175 73106cf -

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%.

Nine 27742 West Brown Suede Leather Slouch Booties Boots Heels Boots Leather - NWOT Size 6.5 - $175 73106cf

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Nine 27742 West Brown Suede Leather Slouch Booties Boots Heels Boots Leather - NWOT Size 6.5 - $175 73106cf -
About This Author
Nine 27742 West Brown Suede Leather Slouch Booties Boots Heels Boots Leather - NWOT Size 6.5 - $175 73106cf -
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
6 Colours New Women Waterproof Pull On Rain Boots Shoes High Wellies Size 4-8.5Dan Post mid calf brown leather western stitching cowboy boots 8-8.5 N *EUC!Jambu Women's Hemlock Encore Combat Boot Brown 11NWT MINNETONKA 'Tramper' Black Suede Fringed Moccasin Bootie- Size 6MZigi Soho Women's 'Layla' Black Leather Knee High Riding Boots Womens Size 8.5 M , NEW BEARPAW HONEY in Wine Neverwet Suede Fringe Ankle Boot (sizes) , Vintage LL Bean Duck Boots Women's Size 8 Brown Leather Classic Made In USA , Joie Women's EUR Size 40 US Size 9 Riding Boots , costume national made in italy black leather boots size 39 9 , Franco Sarto Quartet Brown Leather Booties Size 9.5 Low Heel Ankle Boots Buckles , Jessica Simpson Womens Avern BlackLeather Fashion Boots USA Size 9M , Franco Sarto Paivley Size 7.5M Suede Bootie , Women's Justin L4968 Western Boots Cowboy Shoes Size 7.5C Wide Brown Black N10 , Lord & Taylor 424 Fifth Black Leather Motorcycle Combat Boots Size 7.5NEW Rockport H79487 Kimly Cage Shootie, Women's Size 8.5M, Black , Dr. Doc Martens Women's Chunky Platform Oxfords Flowers Brown Leather Size US 10Ralph Lauren Womens Marcy Ankle Boots Booties High Heels Leather Black Size 7 B , Lucky Brand Blare Black Leather Side Zip Ankle Boot Snakeskin Texture Size 7.5 M , L’Artiste Spring Step Ankle Boots Booties Leather Women’s Shoes Heels Sz 38Dansko Bonita Ankle Boots - Women's Size US:11.5-12/EU:42, BlackJellypop Chloe Ankle Boot - Women's Size 8M Brown , Women's Hokus Pokus Motorcycle Boots Black Leather Mid Calf Buckles 10 M , Jessica Simpson Sebille Platform Ankle Boots 218, Rouge Noir, 8 US / 38 EU , Tommy Hilfiger Drama Round Toe Brown Leather Bootie Size 8.5Sperry Saltwater Duck Boots-Women's size 5M NavyEarth Origins Suede Water Repellent Ankle Boots - Tori PICK SIZE , MERRELL WOMEN'S ANKLE BOOTS SIZE 11Franco Sarto Suede Wide Calf Tall Shaft Boots Christine 8.5 medium blackBLONDO Made in CANADA Waterproof Suede w/Pure Wool Lining Boots Size 7B Régence
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 Bandolino Women's Ankle Boot Side Zip 9 Medium Preowned Brown Textured Shiny , Chapter-13 Mid Calf Synthetic Zipper Low Heel Women's Casual Boots Brown 7.5-Easy Spirit Women's Landslide Snow, Winter Boots Dk Brown Suede Faux Fur 7MINC International Concepts"Tiara" Womens Booties,New with Defect,Beige,Size:11MMatisse Tan Leather Knee High Riding Casual Boots Women's 6.5 BRoxy Womens APJB700311 Closed Toe Ankle Cold Weather Boots , New LIFESTRIDE Rockin Black Patent Wide Calf Knee High Riding Boots 7BareTraps Sakari Low Wedge Short Slouch Booties 448, Mushroom, 8.5 US , Brown/Pink/Cheetah Print 6" High Heel 1.5" Platform Sexy Ankle Boot Size 6.5French Connection Clementina Women Brown Suede Knee High Boots 9 M NIBANA a.n.a. Sz 9 M Brown Leather Western Zip Up to knee Dress Cowboy Boots , SAN MARINA Paris Bottes cuissardes Cuir Marron T 37 --> 38 BON ETAT , Born BOC Jacklyn Booties Tan Brown Leather Ankle Boots Womens Size 9.5 M / 41 , Merrell Female Hiking Boots US 7 Sedona sage , CARLO PAZOLINI VE-RCK 1-1 KNEE HIGH Black Leather RIDING Boots size 38 US 8 MVera Wang Lavender Eri Basketweave Raffia Espadrille Flat 6222 Size 6.5 MNEW JENNI KAYNE 36 6 SATIN SLIDES MULES MARIBOU FEATHER PUFF HOLIDAY SHOES FLATSJ Crew Harper Black Patent Leather Flats Size 5 $138 Style B1791 NWOBNEW JUST CAVALLI WOMENS BALLET FLATSTory Burch Women Ballerina Flats Caroline Nude Sz 8 - Unworn w/ Stained Outsole , DMSX Donald J Pliner Embellished Slip-on Wedge Leather Flats 7.5 US/ 38 EUCamper Right Nina K200052 Dark Red Womens Ballet Flat Size 3.5M , New Balance WRL247YC B [WRL247YCB] Women Casual Shoes Pink/White , Creative Recreation Women's w Carda Sneaker , NEW BALANCE 851 Tennis Shoes WC851BB Womens Size 6.5 MediumFila Women's Rosazza 2 Walking Shoe - Choose SZ/Color , Women's NEW LIVIANA CONTI WOMENS SNEAKERS Athletic Shoes , Women's CLARKS Womens Tri Curve Slip-On Flats , Womens Heel Pointy Toe Date Patent Leather Ankle Boots Shoes Knight New Sz Ths01Icebug Women's Anima4 RB9X Trail Runner Shoe With Toe Guard 5.5 Marigold/Grape
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Nine 27742 West Brown Suede Leather Slouch Booties Boots Heels Boots Leather - NWOT Size 6.5 - $175 73106cf Boots
Powered by VIP.