The Buzz
All markets and investing news all the time

Bebe Brown Suede Brown 4" 9B Knee 4" High Boots Size 9B 7ccfe14

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
Brand: bebe
Style: Knee High Boots Fastening: Zip
Pattern: Solid US Shoe Size (Women's): 9
Width: Medium (B, M) Heel Height: High (3 in. and Up)
Color: Brown Material: Velvet

Bebe Brown Suede Brown 4" 9B Knee 4" High Boots Size 9B 7ccfe14 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Bebe Brown Suede Brown 4" 9B Knee 4" High Boots Size 9B 7ccfe14
Bebe Brown Suede Brown 4

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%.

Bebe Brown Suede Brown 4" 9B Knee 4" High Boots Size 9B 7ccfe14

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Bebe Brown Suede Brown 4
About This Author
Bebe Brown Suede Brown 4
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 Fashion Boots Shoes Slouch Mid-Calf Suede Flat Round Toe Casual Riding NEW , Zigi Soho Olaa Over The Knee Stretch Back Boots 894, Black, 5.5 USJust Fab Boots With Faux Fur Size 8 Grey Soft Liner Multi Colored , KS35 Gahriet Dress Ankle Boots, Black, 5.5 US UsedKS35 Deliee Flat Knee-High Boots 894, Cognac, 8.5 US , 7 New Ladies Womens Enzo Boots Black Knee High Zip Strap Buckle Riding Fashion , 8 Ladies Womens Yoki Brooklyn-21 Boots Black Slouch Ankle Pull On Fringe Silver , Havana Joe Ladies Hiking Boots Size 38 / 8Vintage Acme Ladies Leather Western Cowboy Boots 6 1/2 A Made In USA , Womens Shoe Fashion Boots Knee-High Riding Cowboy Slouchy Military Combat Zip , Rock & Candy Danlea Mid-Calf Winter Boots 823, Black/Grey, 7.5 US , Cherokee Womens Split Leather Block Heel Shoes Size 8.5 BlackNine & Co. knee-high black boot Soft Leather upper "Crosswork" size 9.5 Mlot of 2 womens size 8m bootsSIZE 6 RED GREEN SAKURA SNOW BOOTS NWOB AWESOME , SC35 Dyanaa Stitched Harness Ankle Boots, Barrel, 5.5 US Display , MODERN VINTAGE JANET KNEE RIDING BOOTS COGNAC BROWN LEATHER SZ 37.5/ 7.5 B $475WOMENS SIZE 3 WINTER BOOTS WEATHER SPIRITS FELICIA BOX 3Converse Tan Desert Boot womens size 6.5 hunting hiking tread , Baker's Galveston tall black pull-on leather boots 6 MAR35 Fionn Combat Boots 896, Black, 7 US / 37 EU5 M Ladies Womens Juniors Rachel Boots Ankle Black Zip Witch Heel Victorian Bow , 6.5M Ladies Womens AJ Valenci Leather Boots Geometric Cutout Style MidCalf BrownSC35 Rudyy Heeled Knee High Boots S15, Black, 10 US UsedDivided by H & M Black Leather 3 1/2" Heel Boots Size 9 1/ 2 Eur 41 , LADIES R2 BROWN FAUX FUR KNEE BOOTS, SIZE 7 1/2M , LOUISE ET CIE Womans Ankle Boots - size 9New Faux Suede Camel Flat Fashion Fur Trim Buckles Winter Women Boots Size 5 6Capelli New York Leopard Women's Rain Boots Shoes SZ 6 37
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 Spot On G8200 Girls/Ladies Ankle Boot Black, Blue, or Taupe X 6 (R1B) , Brinley Co Women's Zelda Ankle Boot Tan Size 9.0 , Ladies Spot On Zig Zag Design Wellingtons UK Sizes 3 - 8 X1142Vintage Justin boots women’s size 6.5 exotic lizard Teju brown roper USA Made , J. Renee Vegan Gray patent Snake crinkle Tall Gray 7 WAnn Taylor LOFT Women's Size 8.5 M Brown Leather Knee High Boots Faux SnakeskinWomen's Lucky Brand Brenon Ankle Boots Booties Shoes Sz 8.5M Brown Double Zip Y4Womens 8.5 M Liz Claiborne Manon Booties Tan Leather Ankle Boots Side Zip RidingNIKE ACG Womens Brown & Black Suede Hiking Boots size 7.5 , Matisse Women's Size 6 M Chelsea Pull Up Block Heel Ankle Boots Light Burgundy , Santana Canada Cassandra Boot lack leather heel womens size 10 M , SANUK New Blue Multi SIDEWALK SURFER BOOTS YOGA MAT SOLE SIZE 7.5De Blossom Collection Black Colorful Dot Snow Knee Boot Small Fur Inside Size 7Womens Over the Knee Zipped Thigh High Block Heel Faux Suede Pointed Toe Bootsb.o.c. Born Concept Carla Brown Leather Heel Ankle Boot Clog 7.5 BC6447 Lug SoleSam Edelman Women's Luther Brown Sneaker Boot Size 8 M Retail $120 , CUTE! Women's $450 Stubbs and Wootton Fabric "HOUNDSTOOTH" Slippers Loafers ShoeTory Burch Laila Driver Ballet Flat, Women's Size 10.0 M, Gold PRE OWNED D7208 , Womens Real Sheep Leather Bowknot Slip On Mary Janes Retro Block Mid Heel Shoes , Auth Euc Roger Vivier Satin Belle Pumps Flower in Black Silk Satin sz 36Taos Footwear Women's Studio Mary JaneNew L'Autre Chose RRP US 5 Red & Cream ladies brogues shoes , Women Slip On Boat Shoes Leather Loafer Slippers Mary Jane Flat Gladiator NewFashion Skull Cross Training Shoes Women's Running Shoes Breathable Sport Shoes , Women's Running Shoes Casual Sneakers Mesh Breathable Outdoor Sports Fashion , Famolare Tecahike Italy Vintage Women's Shoes Oxfords Size 7 Brown Suade Leather , Nike Zoom Fit Fitness Women's Shoes , Aerosoles Women's Fundraiser Sneaker, Black Fabric, Size 10.0 O6gSWomens Black Flat Round Toe Pull Up Faux Leather Sexy Ankle Boot Size 6.5 , Ash Womens AS-Misstic Sneaker 36EU (6 US)- Pick SZ/Color.
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Bebe Brown Suede Brown 4" 9B Knee 4" High Boots Size 9B 7ccfe14 Boots
Powered by VIP.