The Buzz
All markets and investing news all the time

Womens Brown Sz Faux Boots Leather Bow Tie Ankle localjoes-27382 Boots Bootie Sz 6 EUC 542a51d

Item specifics

Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Style: Ankle Boots
Material: Leather Color: Brown
Brand: Unbranded Heel Height: Med (1 3/4 in. to 2 3/4 in.)
Width: Medium (B, M) US Shoe Size (Women's): 6

Womens Brown Sz Faux Boots Leather Bow Tie Ankle localjoes-27382 Boots Bootie Sz 6 EUC 542a51d -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Womens Brown Sz Faux Boots Leather Bow Tie Ankle localjoes-27382 Boots Bootie Sz 6 EUC 542a51d
Womens Brown Sz Faux Boots Leather Bow Tie Ankle localjoes-27382 Boots Bootie Sz 6 EUC 542a51d -

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%.

Womens Brown Sz Faux Boots Leather Bow Tie Ankle localjoes-27382 Boots Bootie Sz 6 EUC 542a51d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Womens Brown Sz Faux Boots Leather Bow Tie Ankle localjoes-27382 Boots Bootie Sz 6 EUC 542a51d -
About This Author
Womens Brown Sz Faux Boots Leather Bow Tie Ankle localjoes-27382 Boots Bootie Sz 6 EUC 542a51d -
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
Tahari Size 7.5 Rich Brown Leather Knee Boots With Antique Brass Buckle DetailDolce By Mojo Moxy Black Boots, 9.5STORMERS WINTER LINED LADIES 7 BOOTSROUTE 66 Womens BLACK FAUX SUEDE/FUR KNEE CUFF Wedge Heel Boots Size 9 EUC , Skechers 6.5 Dark Coffee Brown Leather Retro Style Chunky Shoes , Gabriela Rocha Brown Mid-calf Boots ,size 9� EXCELLENT � CLARKS® 74466 Women's High Heel Ankle Bootie Boot Brown Sz 8.5 M , WOMEN'S Black TOP MODA* HIGH-chunky HEEL ANKLE BOOTS SZ8Brown Apple Bottom Boots, Size 8.5 , Women's Antonio Melani Sz 9 Brown Leather Boots. WB55George Women's Suede Mid Calf SEXY High Heels Stilettos Boots Size 10 , VAN ELI TWO WAY WEAR Boot GRAY Suede Leather SZ 8 49.99 , Women's Rampage Brown Sz 7 Western Boots. WB57 , WILD DUCES EDDIE MURAN "DAWN" Women's Zip Up Ankle Boot Sz 6.5 M Brown Studs , Shoe Cult By Nasty Girl Women Boot Sz8Kamik Womens Size 7 Fashion Rain boots Dark Brown Nice Rubber SolesAerosole Central Ave Boots Booties 8M Brown , Columbia Cascadian Summit Gray/Black Boots' Size 8 , NEW WOMENS ANDIAMO SAND RODEO BOOTS SHOES SIZE 9.5M 9.5 M , A NEW DAY Target Velvet Floral Peacock Ankle Boots Heels Women’s Size 8.5 , BRAND NEW WOMENS DARK BROWN ANDIAMO SANDIE BOOTIES BOOTS SIZE 6W 6 WVince Camuto "Daysha" Black Suede Leather Round Toe Wedge Booties 8 B , American Eagle High Boots Size 6 Womens Black , NEW WOMENS BIJOU BLACK KWON BOOTS SIZE 6 M , Vintage Town And Country Brown Suede Short Boots Women’s Size 8Ralph Lauren brown knee high boots size 7.5 womensDONNER MOUNTAIN BLACK INSULATEDONNER MOUNTAIN BLACK INSULATED WINTER BOOTS 9 M , Vera Wang 4" Spike Heeled Buckle Fur Lined Black Ankle Boot 7 M OLIVIAGuess Womens Black Leather Size 7.5 Boots Knee Length WORN HEELS
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 Vintage Dingo Womens Suede Leather Boots Tan Brown 9 M Bronze Snake PatternWomen Winter Snow Boots Mid-calf Rabbit Hair Warm Brown Black Shoes Large SizeVintage ALBANESE Women's leather patchwork detail Heel Boots Size 38 , Avenue Women's Tysens Velvet Over the Knee Boot Black Size 8.5 W New , JOULES KELLY WELLY WOMEN'S MID RAIN BOOTS ORANGE GLOSS US 7 , BC Ringmaster - Black Exotic Embossed Snake Velvet Boot, Black, Size 9.5Gorman Tied Up Bootie sz 7 New in BoxKhombu Womens "Jenna" Cold Weather Navy/Tan Boots sz 7M Retail $109.00 , New Women's Skechers Storm Cloud - Stratus Boots (48472) (K2)VINTAGE Bottines Cavalières KENNEL & SCHMENGER Tout Cuir Cognac T 36 BON ETAT , madden girl Bunt Winter Boots, Stone, 6 USH by Hudson Claudette Chelsea Boot - Women's Size US:8-8.5 / EU:39, GreyColumbia Ice Maiden II Slip Women's Winter Snow Boots Black , TORY BURCH MAISIE ESPADRILLE perfect Navy/multi - size 7 , J.Crew Ankle-strap pointed-toe flats in leopard print- size US 8 , DOLCE & GABBANA Black & White Stripe Pony Hair Point-Toe Ballet Flats - US 7 , New Bally Switzerland Brown Tuxa Suede Web Stripe Loafers Shoes 10.5 41-10 Crosby Derek Lam Designer Black Patent Leather Pointy Toe Loafers Sz. 9.5 M , Sergio Rossi Ballet Flats, Black Suede, Size 38.5, NWBSplendid Women's Derby Loafer Flat, Grey, 7.5 Medium USGiuseppe Zanotti Navy Suede Moroccan Multi-Color Embellish Espadrilles NWOB 38 , Nike Volley Zoom Hyperspike Volleyball Shoes Womens 10.5 Black Blue 585763-041 , REEBOK "HOUNDSTOOTH" YOUTH SIZE 5.5 SAME AS WOMAN 7.0 NEW RAREPuma Suede Platform Women Casual Sneakers Shoes 362223 02 Size 7Reebok Print Lite Rush Black Grey White Women Running Shoes Sneakers Size 7.5 NI , Skechers Sport Women's Women's Flex Appeal 2.0 Sneaker, Black/Coral, 9.5 W , Women's Steve Madden Boots 7.5 BootsNew Hispanitas Lee Womens Court Shoes Made In Spain , Womens Skechers Brown Leather Mary Janes Shoes Size 7 / 38 , Merrell Women's Moab 2 Vent Mid Hiking Boot, Bracken/Purple, 9.5 M US
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Womens Brown Sz Faux Boots Leather Bow Tie Ankle localjoes-27382 Boots Bootie Sz 6 EUC 542a51d Boots
Powered by VIP.