The Buzz
All markets and investing news all the time

FADED Slouch GLORY Women's Slouch Ankle Boots with Buckle - - Women's BLACK - 6 5647e1d

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: Faded Glory
Pattern: Solid Style: Ankle Boots
US Shoe Size (Women's): 6 Color: Black
UPC: Does not apply

FADED Slouch GLORY Women's Slouch Ankle Boots with Buckle - - Women's BLACK - 6 5647e1d -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
FADED Slouch GLORY Women's Slouch Ankle Boots with Buckle - - Women's BLACK - 6 5647e1d
FADED Slouch GLORY Women's Slouch Ankle Boots with Buckle - - Women's BLACK - 6 5647e1d -

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%.

FADED Slouch GLORY Women's Slouch Ankle Boots with Buckle - - Women's BLACK - 6 5647e1d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
FADED Slouch GLORY Women's Slouch Ankle Boots with Buckle - - Women's BLACK - 6 5647e1d -
About This Author
FADED Slouch GLORY Women's Slouch Ankle Boots with Buckle - - Women's BLACK - 6 5647e1d -
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
Womens Spot On High Platform Ankle Boot , Black White Stiletto Heel Faux Leather Zipper Women Heels Ankle Booties Size 7.5Ever. Moris Strappy Sandal, Women's US SZ 11.0 M, Stone PRE OWNED ONCE D6787 , Steve Madden Boots Black Leather Inka Mid Calf Low Wedge Sz 8MAthena Kim Women's Black ANKLE STRAP High Heel Stiletto Sandals , FAITH GENUINE LEATHER ANKLE BOOTS IN BLACK COLOUR SIZE 7/41Chooka Women's V-Gore Wedge Boot, Black, Size 6.0 jWXVCory-1 Fashion Ankle Casual 3.5 Inch Heel High Women's Winter Boots Taupe 6-FUN Fashion Boots Cliffs White Mountain Daphne Black Slouch W-size 7Newport News Womens Ankle Boots Leather Pointed Toe Brown 8.5 M Stitch Detail , Womens Harley Davidson Motorcycle Boots Starter Switch Double Zip Size 7.5M , WOMEN'S BROWN ANKLE BOOTS-SZ 10-SIDE ZIPPERS-2.5" HEELS-NEW-CROSSDRESSERS-CUTENew Gold Chain Boot Brown Faux Leather Strap Spikes Western Shoes Punk Rock , NWOB Aerosoles Stitch N Turn LEGEND Brown Leather Booties Ankle Shoes 5.5 , Madden Girl Women's Gray Zip Up Fold Down Practice Heel Ankle Booties US Size 6 , Jaden-02 Thigh High Heel Over Knee Stretch Open Toe Sequin Denim Lt Blue Boots , Candela NYC Rare designer buckle mid calf Taupe suede shoes Boots Size 7 , CASTANER BLACK SUEDE BOOTS SZ 37 with kiten heel zip back hardly wornWomen's Lamano Brown Black Knee High Boots Size 10Knee High Black Biker Boots zip up 9 M Patrizia by Spring Step$139 sz 6.5 Kenneth Cole Reaction Gore Lee Black Leather Knee High Riding Boots , Womens Tall Knitted Cardy Slouch Winter Snow Rain Outdoor Warm Shoe Boots 5-12Terry Lewis Classic Luxuries Olive Suede Leather Knee-High Boots Size 7 WNine West Brown Soft Leather Suede Zip Heeled Boots Womens Ladies Size 6.5Predictions Womens 10 Brown Fabric 3.25" Heel Boot Shoes Good Condition , Michael Shannon Boots Knee High Heels Tall Leather Zip Black 7.5 MChooka Women's V-Gore Wedge Boot, Black, Size 6.0 7FhK , Unbranded brown heeled boots women Eur 39 US-Aus 8 USEDBreckelles Outlaw-81 Western Buckle Straps Decor Knee High Boots BROWNPU
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 Womens Seychelles Leather Navy Booties Sz 10Size 7 Western Chief Navy and teal/Turquoise Rain Boots midcalf , INFNEON9-40 KIDS TODDLER NEON HENRY FERRERA BLACK/PINKLADIES BLACK FAUX SUEDE ZIP DETAIL BLOCK HIGH HEEL ANKLE BOOTS PLATFORM SHOESLucky Brand Brown Suede Ankle Boots sIZE 7 , Kelly and Katie Black Ankle Boot - Pull on with buckle accents - EUC!Unique! 6.5 , BEARPAW Women's Elle Short Winter Boot Size 6 Hickory Suede , Guess Faux Suede Studded Booties, Size 10Women Leather Mesh Tube Knee High Boots Zipper Block Heel Nightclub Sexy ShoesJustin Boots Women’s Sorrel Apache Stampede Western Boots Sz 9.5 Wide - L2551 , CROCS SUPER MOLDED WEAVE JAUNT CROCBAND RAIN SNOW BOOT SHOE~Black~W 10~NWT , Linra Women’s Black Leather Side Zip Ankle Boots Size 9.5 - MADE IN ITALY , FRANCO SARTO Echelon Block Heel Bootie, Women's Size 9 M, OliveDINGO 581002 WOMENS SIZE 7.5M NAVY BLUE LEATHER WESTERN COWBOY MAD DOG BOOTS-387 , NAOT Women's Moana Flat - Choose SZ/Color , NIB Cole Haan Elsie Bow Ballet Flat Nude-nude Patent Size 7.5/8 , Spenco Siesta Montauk Casual Slip-on Shoe - Women's Red Stripe - 7ROGER VIVIER Shoe - Ballet Flat 7.5M Suede Aqua Ballerine Chips $650JB Hill Black Calf Leather Mules Size 6 Cowboy Boot , NEW $545 VALENTINO ESPADRILLE CANVAS STAR FLAT WHITE ON WHITE 38 , CHIE MIHARA ANKLE WRAP BALLET FLATS Purple Leather Anthropologie Shoes 38.5 8.5 , Seychelles Women's Hive Ballet Flat - Choose SZ/ColorNew Balance W100 Women's Grey/Aqua Sneaker 7MAVIA AVI MOTION Women's Size US 7, Free Computer Fix With PurchaseRyka Running Shoes Blue Synthetic Women7Wide (C, D, W)Spenco Chambray Slide - Women's Supportive Shoe Sand - 10 , Salvatore Ferragamo Women's Beige Suede Loafers Size 7.5 , Soft Style Women's Jaylene Loafer Taupe Faux Nubuck Slip-on ShoesWomen's Klogs USA Women's Austin Clog Comfort Shoes , Ladies GH Bass Weejuns Hi Shine Estelle Brogues Loafer Size UK5.5, US7.5 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
FADED Slouch GLORY Women's Slouch Ankle Boots with Buckle - - Women's BLACK - 6 5647e1d Boots
Powered by VIP.