The Buzz
All markets and investing news all the time

Shi by Journeys 6.5 Women's Carmelle Knee High Boot Tan High Buckle Strap Tan Brown Size 6.5 a44b2ae

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: Shi by Journeys
Color: Tan Brown Style: Knee High Boots
Material: Synthetic MPN: Carmelle
US Shoe Size (Women's): US 6.5 Width: Medium (B, M)
Sub-Style: Knee High Boots UPC: 616809968122

Shi by Journeys 6.5 Women's Carmelle Knee High Boot Tan High Buckle Strap Tan Brown Size 6.5 a44b2ae -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Shi by Journeys 6.5 Women's Carmelle Knee High Boot Tan High Buckle Strap Tan Brown Size 6.5 a44b2ae
Shi by Journeys 6.5 Women's Carmelle Knee High Boot Tan High Buckle Strap Tan Brown Size 6.5 a44b2ae -

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%.

Shi by Journeys 6.5 Women's Carmelle Knee High Boot Tan High Buckle Strap Tan Brown Size 6.5 a44b2ae

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Shi by Journeys 6.5 Women's Carmelle Knee High Boot Tan High Buckle Strap Tan Brown Size 6.5 a44b2ae -
About This Author
Shi by Journeys 6.5 Women's Carmelle Knee High Boot Tan High Buckle Strap Tan Brown Size 6.5 a44b2ae -
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
Women's Side Zip Cuffed Knee High Boots Ruched Stilettos High Heel Knight Boots , Winter Snow Boots Retro Womens shoes Faux Suede Buckle Ankle Boots Wedge Heel ERWomens pointy toe ankle short Boots slim low heels zip Casual Lady shoes Sz New , Womens Faux Suede Pull On Kitten Heel Pointed Toe Over The Knee Knight Boots Sz , Women's Suede Fur Lined Thicken Cuffed Winter Shoes Casual Mid Calf Boots SizeWomen's Flats Ankle Boots Suede Tassel Casual Shoes Fashion Zip Slip On LoasfersNew Womens Fur Trim Furry Lining Ankle Boots Shoes Warm Winter Snow Flat Heel USFashion Womens Knee High Boots Faux Suede Block High Heels Dress Shoes Plus Size , Womens Punk Ankle Boots Side Zipper High Block Heel Pointy Toe Party Dress ShoesWomens Boho Tassle Hidden Wedge Heels Moccasins Ankle new Boots Shoes Plus SizeNew Womens Ankle Boots Faux Suede Wedge heels Pull On Slouchy Mid Calf Boots2018 Women High-heeled Pointed Toe Suede Stretch Pull-on Over The Knee Boots , Krush Womens Melissa Gusset Platform Leatherette Boots Black Size US 9 / 41 , New Womens Rivet Pointy Toe Side Zip Buckle Strap Ankle Boots Casual Party ShoesSexy Womens Synthetic Leather Bowknot Over the Knee Slim Heels Leg Thigh Boots , Vogue Womens Ankle Boots Back zip Faux Suede Pointed Toe Block Heel Casual Shoes , Womens Furry Cute Ears Loafers Platform Slip On Bootie Winter Fashion Boot New , Not Rated Brand Womens Low Cut Boots Size 9.5 Whip Tan , Womens Mid Calf Boots Pull On Faux Suede Tassels Fringes Casual Shoes Plus Size , New Womens Pointed Toe Ankle Boots High Kitten Heel Buckle PU Winter Shoes Hkm15Womens Platform High Chunky Heel Sandals Open Toe Ankle Boots Shoes Size A3774Mesh Womens Flat Hollow Out Shoe Block Heel Knited Mid Calf Boot Casual US 4-8.5Vintage Dunham Eskipades Brown Suede Women's Boots Sz 7 M Made In ItalyWomens Pull On Winter Warm Mid Calf Boot Faux Suede Low Cuban Heels Shoes Fur szRemonte D0178 Boot Leather Womens Ankle Boots Low HeelHot Embroidered Folk Women's Floral Ankle Boots Black Textile Rubber Sole ShoeFashion Womens Mid-calf Tassels Over Knee Thigh High Long Boots Flat Heels Shoes , Chain Decor Womens Ankle Boots Platform Chunky Heels Ankle Strap Rivets Shoes , Fashion Womens Knee High Boots Rivets Chunky Heels Slim Fit Round Toe Zip Shoes
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 Women Slouch Heel Boot with Zipper 5-10LADIES "SPOT ON" BLACK MID CALF LENGTH BOOT "F5478" , Report Marque Block Heel Ankle Boots 520, Black, 9 US , White Mountain Womens Sz 8.5 Suede Quilted Ankle Booties , Australia Women's Ultra Short Boots Sand Shearling S/N 5225 Size W 6 , Charles David Purple Two Tone Patent Leather Buckle High Heel Ankle Boots 7.5Brazilian GIANNI BINI Size 8.5-9 Distress Brown Leather Pull-On High-Heel Boots , H2 NEW Paul Green Dallas Brown Leather Ankle Bootie Women's Sz 6 USBC Ringmaster - Black Exotic Embossed Snake Velvet Boot, Black, Size 9.5LUCA Luca Stefani Alicia Taupe Leather/Suede Tall Platform Boots Sz 38 RET~$290 , Taos Women's Grace Mary Jane Flat | Size 9.5 10 M US / 41 EU Grey Leather NEWBaretraps Womens Yalina 2 Black Riding Boots Shoes 7.5 Medium (B,M) BHFO 9814 , Bearpaw Womens Elle Closed Toe Mid-Calf Cold Weather, 1962W/Hickory II, Size 5.0 , KEEN Women's Targhee II Mid Hiking Boot US 5.5 Women Brown WaterproofJimmy Choo Bronze Flats US 11 , NWB JCREW $118 Lottie tassel flats in suede Sz6 Ripe Papaya G7818 FA17 SOLDOUT!! , Apex Womens Black Mary Janes Size 9.5 NarrowKaitlyn Pan Scalloped Lambskin Leather Soft Flats , Karl Lagerfeld Loafer Brand New International Shipping , $495 NEW Salvatore Ferragamo US 7.5 My Cherie Beige Leather Ballet Flats Shoes , PRADA WOMEN'S LEATHER BALLET FLATS BALLERINAS NEW BLACK DB2 , TODS TASSEL LOAFERS, BLACK CALF LEATHER, Sz 8B, HEEL 1 inch, MADE IN ITALY, KNOB , Mizuno Women's 9 Spike Swift 4 Fast Pitch Metal Softball Cleat Black White 12 M , New Fashion Women's Sports Running Shoes Shock ABSORBING Trainer Sneakers shoes , Vans Authentic Velvet Navy/Black Women's Classic Skate Shoes Size 7.5 , Hoka One One Women's Clifton 2 True Blue/Sunny Lime Running Shoes 9.5M , Skechers Shape-Ups Womens Sz 8.5 M White Purple Walking Toning Shoes 12320 , Women's Ladies shoes FlatsWomen's JANA Derby 23702-21 Marine FlatsBirkenstock London Women Shoes NEW Size US 5 6 7 8 9 10 12
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Shi by Journeys 6.5 Women's Carmelle Knee High Boot Tan High Buckle Strap Tan Brown Size 6.5 a44b2ae Boots
Powered by VIP.