The Buzz
All markets and investing news all the time

Lane 27759 Bryant SABRINA city heel leather Lane 12W dress boot 9W 10W 12W Brown 30db0b8

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: Lane Bryant
Heel Height: High (3 in. and Up) Style: Riding, Equestrian
Material: Leather Width: Wide (C, D, W)
Pattern: Solid Color: Brown
Occasion: Casual Heel Type: Block
Fastening: Zip

Lane 27759 Bryant SABRINA city heel leather Lane 12W dress boot 9W 10W 12W Brown 30db0b8 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Lane 27759 Bryant SABRINA city heel leather Lane 12W dress boot 9W 10W 12W Brown 30db0b8
Lane 27759 Bryant SABRINA city heel leather Lane 12W dress boot 9W 10W 12W Brown 30db0b8 -

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%.

Lane 27759 Bryant SABRINA city heel leather Lane 12W dress boot 9W 10W 12W Brown 30db0b8

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Lane 27759 Bryant SABRINA city heel leather Lane 12W dress boot 9W 10W 12W Brown 30db0b8 -
About This Author
Lane 27759 Bryant SABRINA city heel leather Lane 12W dress boot 9W 10W 12W Brown 30db0b8 -
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
Ellie Women's High Black Boots with Stiletto Heels Size 5NIKE YOUTH BOOTS CHENUMO WS (GS) 324533-061 Youth Size: 5, 5.5, 6 DEADSTOCKReebok Classic CL Leather Clean Exotics Women's Shoes Black/Chalk V68796 , Womens Snow Boot Nylon Short Fur Rain Winter Quilted Snow Warm Boots US 5-10 , The North Face Women's 9 Primaloft 200 Gram Insulation Brown Boots Waterproof , Bare Traps Paramount Black Tall Shaft Riding Boot NEWMy Hero Academia All Might Cosplay Shoes Boots Custom Made , New! 8100 Melrose Black Leather 3 Buckle Biker Platform Mid Calf Bootb4b COLUMBIA Minx Slip II Womens 8 / 39 Omni-Heat Pull-on Waterproof Snow Boots , Women Casual Fashion Sneakers Wedge Heel High Top Shoes Black White 5405_IC , GUESS WOMEN'S DAKODA RIDING BOOT SIZE 6.0 GREAT DEAL , MARC JACOBS shoes heels rain pink boots 38 8 , H by Halston Grey Leather Pointed Toe Rachel Wedge Boot NEW , Hokkaido-3 Over Knee Thigh High Snake Skin Pointed Toe Stiletto Heel Boots , Steve Madden Pammie Black Leather Pointed Toe Bootie 8.5 New , Zara Women Kitten heel mules with bow US7.5,EU38, 7236/201 , Franco Sarto Brown Distressed Leather Domino Ankle Boot 9 NEW , The North Face Thermoball Women's Size 8 BLUE Micro Baffle Winter Boots (A01)Isaac Mizrahi Wilder Cognac Brown Leather Ankle Boot NEW , Vintage Woman's Brown Ankle Boots Size 7.5 BootiesBumper Belle-04 Suede New Women Round Toe Fur Shearling Foldable BootVictoria's Secret Colin Stuart Winter Fashion Fur Boots Sz. 7New Palladium Tan CAMO ARMY PAMPA HIGHT Boots Canvas Casual Desert Shoes 38 US 7Alberto Fermani Brown Suede Chunky Heel Ankle Boots Size 39 9 , Women Casual Fashion Sneakers Wedge Heel High Top Shoes Black White 5405_0CBCBG Womens Hans Light Brown Pull-on Equestrian Fashion Cowgirl Knee High Boots , BCBGeneration 9 Black Suede Laser Cut High Heel Ankle Boots , Women High Heels Stilettos Pointy toe Leather Knight Over Knee Thigh Boots Shoes , Eddie Marc Buckle Heel Boots Coffee with Buckle Size US 9
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 STUART WEITZMAN Women's Ankle Waterproof Rain Boots Black Goretex Leather 9.5 M✿NINE WEST Noomi Brown Suede Leather 3.5" Heel Zip Boot 7.5 M EXCELLENT! L@@K!06 , Gianni Bini Brown Leather Buckle Textured Mid Calf Riding Boots Size 8 MBamboo Women's Boots Size 7 Black Knee Calf Boots Zip Up Buckle Chunky Heels , Kids Brown Tall Boots With Side Buckle - Size 5 , ELIZABETH & JAMES SHANE DK BROWN SUEDE LEATHER ANKLE BOOT BOOTIES SZ 9M , $98 TRETORN VIKEN NAVY BLUE RUBBER BOOTS SZ 4UK/37EU/ 6USSantana Canada Grey Waterproof Leather Side Zip Fur Top Winter Boot Sz 37/7 MINT , EUC Steve Madden JACLYN Women's US 8.5 Black Leather Pointy Toe Ankle  Boots A9BOTTE NOIRE STRASS NOIR TRES SEXY FEMME POINTURE 36Rare MOCASSINS DERBY ROUGE PARABOOT T 38 PFT ETAT A ACH IMM FP RED MOND RELA512 DINGO LADIES BLACK ZIP ANKLE BOOTS SIZE 9.5 M , DANSKO WOMENS CLOGS PROFESSIONAL FLORAL EMBOSSED BLACK SIZETwisted X Ladies Brown/Emboss Flower Driving Mocs WDM0070WOMENS HUSH PUPPIES SHIHTZU SLIPON LEATHER/CASUAL/DRESS/COMFORTABLE SHOESDrew Magnolia - Women's Mary Janes - All Colors - All Sizes , Bebe Calissa High-Top Sneakers 022, White, 9 USNEW Womens Sz 10 Shoes $68 Adrienne Vittadini Sport Gold Casual Walking SneaksPOLO RALPH LAUREN MATALYN RED SUEDE FLATS SIZE B US 6B MADE IN SPAIN , Women's Barbour Highlands Low Sneakers Brown US 8 CM 25 NEW Box Z462Saucony Guide 10 Athletic Shoes - Women's Size 10.5, Purple , Ryka EMOTION Women's Gray Fabric WALKING SHOES Size 6.5MWomen's Lane Bryant Riding Boots 9W Bootswomen shoes button buckle strap slouch lining cuffed rivet knee high boots SizeWomens Chunke Heel Pointed Toe Side Zippers Buckle Ankle Boots Winter Shoes SzLife Stride Women's Pretty Shootie Red Polyurethane Comfort ShoesWomen Color Stitching Pointed Toe Bowknot Kitten Heel Slip On Classic Work ShoesNike Air Max Sequent 3 Women's Dark Grey/Storm Pink/Black/White R5517001Adidas Stella McCartney Pureboost X TR 3.0 White/Stone/Black Womens BB6242adidas Originals CV8276 Womens Adibreak Trackpant M- Choose SZ/Color.
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Lane 27759 Bryant SABRINA city heel leather Lane 12W dress boot 9W 10W 12W Brown 30db0b8 Boots
Powered by VIP.