The Buzz
All markets and investing news all the time

Forever Women's Eliza-76 Faux Suede localjoes-27758 Round Suede 27759 Toe Platform High Heel Ankle Dress Boo 4e309f0




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Accents: Rhinestone
Width: Medium (B, M) Style: Booties
Pattern: Solid Boot Shaft Height: Ankle
Occasion: Casual, Dress, Work Calf Width: Medium
Brand: Forever Heel Height: High (3 in. and Up)
Toe Type: Round Toe Material: Suede
Heel Type: Platform

Forever Women's Eliza-76 Faux Suede localjoes-27758 Round Suede 27759 Toe Platform High Heel Ankle Dress Boo 4e309f0 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Forever Women's Eliza-76 Faux Suede localjoes-27758 Round Suede 27759 Toe Platform High Heel Ankle Dress Boo 4e309f0
Forever Women's Eliza-76 Faux Suede localjoes-27758 Round Suede 27759 Toe Platform High Heel Ankle Dress Boo 4e309f0 - hollisbaker.com

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%.

Forever Women's Eliza-76 Faux Suede localjoes-27758 Round Suede 27759 Toe Platform High Heel Ankle Dress Boo 4e309f0

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Forever Women's Eliza-76 Faux Suede localjoes-27758 Round Suede 27759 Toe Platform High Heel Ankle Dress Boo 4e309f0 - hollisbaker.com
About This Author
Forever Women's Eliza-76 Faux Suede localjoes-27758 Round Suede 27759 Toe Platform High Heel Ankle Dress Boo 4e309f0 - hollisbaker.com
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
Contributors
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
 
NEW WOMENS LADIES THIGH HIGH LOW HEEL OVER THE KNEE STRETCH BOOTS SIZE 3-8 , Vintage Maine Woods Chukka Boot Women size 8 BrownWomen Retro Leather casual zipper Suede Ankle boots heels Platform shoes XY61 , Journee Collection Womens savvy Closed Toe Ankle Fashion Boots , NEW WOMEN LADIES THIGH HIGH OVER THE KNEE FLAT WINTER BOOTS SHOES SIZE 3-8NEW BELLISSIMO ABBEY WOMENS WARM FLEECE LINED BOOTSNew Women Wild Diva Evelyn-60 Faux Suede Peep Toe Slouchy Stiletto BootieFashion Women Ladies Bow-knot Ankle Martin Boots Party Shoes Slim Zip Pointy toeNEW BELLISSIMO ERIN WOMENS WARM FLEECE LINED ANKLE BOOTSKAMIK Canada Newcastle rain snow boots Size 8 Worn just a few times EUC , American Eagle half boots womens Size 5 brown suede leather 10" tallWomens Ladies Flat Ankle Boot Chelsea Studded Biker Gem Girls Winter Shoes 3-8STEVE MADDEN WOMENS TAUPE KNEE HIGH BACK ZIP BOOTS SIZE 6, 3" WEDGE HEELS , Mens Fashion Winter Snow Outdoor Work Shoes Fur Lined Warm Ankle Boots Casual , IKRUSH Womens Sophie Chunky Ankle Boots , New Womens Comfy Low Heel Buckle Shoes lady Combat Military Mid Calf Ankle Boots , Steve Madden Womens Stable Gray Ankle Boots Shoes 7 Medium (B,M) BHFO 1211Womens Rivets Stitch Over Knee High Boots Stilettos Low Heels Shoes Pointed ToeLovMark Women's Reba-5 Faux Suede Round Toe Wedge Heel Ankle Booties , Penny Loves Kenny Womens Dayton Brown Riding Boots 7 Medium (B,M) BHFO 5402 , IKRUSH Womens Carla Faux Fur Platform Embellished Boots , Earth Spirit Womens Marina Booties Brown Side Zipper Size 5.5 Ankle Boots , Ladies Winters Boots Mid-Calf Plush Insole Waterproof Girls Woman Fashions Shoes , Kensie Tayson Women's Tall Boots,Knee High Boots, Variety On Color & Size , Portmans Gold Fringe Ankle Boots Size 7IKRUSH Womens Ellie Faux Suede Heeled Ankle BootsStyle&co Leopard Faux Fur Ankle Boots WEBB Women's Shoes 9.5IKRUSH Womens Delis Chunky Ankle Boots , WOMEN LADIES ANKLE BOOT STILETTO HEEL POINTED TOE MULTI BUCKLES STRAPS SHOES 3-8 ,
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's Emu Size 8 Winter Boots Blue Suede Wool Lined Pull On Foldable Q7Tommy Hilfiger Women's Black Zip Up Boots with 3 Inch Heel Size 7W , Wonens Ralph Lauren Rrl Quillan Rain Muck Boots Sz 9 1/2Kelly & Katie Womens Balantina Round Toe Ankle Chelsea Boots Black Size 8.0 bk , Marc Fisher Shimmee Peep Toe Heeled Booties, BlackNew Catherine Malandrino Women Morcha Black Over The Knee Boots Drawstring :7 , Forever Young Stylish White Short 11-inch Ankle Rain Boots Size 7HARLEY DAVIDSON logo black leather block heel MULES clogs booties boots 38 7 , Jessica Simpson Women's faux Leather Stretch Silver Grey Knee high Slim Boots, 6 , N.Y.L.A. Women's Olygmala Boot, Black, Size 8.5Dolce Vita Findley Boots - Women's Size 10, Anthracite NubuckBOOTS WAY WHITE LEATHER POINTED END HEELS STUFFED TAIGE T 39 VINTAGE , Steve Madden Women's Yvette Ankle Bootie, Black Suede, Size 8.5 HrSC , AMERICAN EAGLE WOMEN'S TINA TALL SLOUCH BOOTS SZ. UK7/US8.5/EU40.5Jeffery Campbell Black Perforated Leather Boots / 6.5NIB Kenneth Cole Reaction Time For Fun Women SZ8 Metallic Stretch Mid Calf Boots , Ellie Shoes Women's 253-Elizabeth Ankle Bootie, White, 10 M USReport Signature Justeen Over The Knee Boots 619, Black, 7 USChinese Laundry Caleb Peep Toe Bootie - Women's Size 7.5 - BlackDr.Martens Deardra Women Shoes Leather Burgundy Mary Jane Strap Sandals Size 9 L , Dansko Professional Clog Black Cabrio Leather - size US 6 - was $125New GABOR Blue Suede/Leather w/Buckle Toe Ballet Flats Shoes Sz. 8 () , Vans Sk8-Hi MTE Women's Rabbit/Frost Grey A33TXQWXTory Burch Lennon Laser-Cut Slip-On Sneaker White Perforated Shoe Women's Size 8 , Adidas Women's Original Superstar Slip-on BB2122 Sneakers Shoes Suede Pink , Saucony Womens Zealot Purple/Blue Running Shoes Size 6 (C,D,W) (35822) , Women's Black Leather Equestrian boots 7 BootsWomen fashion rainshoes large size candy color rainboots galoshes autumn winter , Authentic NIKE Presto Fly Oatmeal Beige 910569 100 Running Shoes Women sizeVince Barton Women's Leather Fashion Sneakers Black 9.5
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Forever Women's Eliza-76 Faux Suede localjoes-27758 Round Suede 27759 Toe Platform High Heel Ankle Dress Boo 4e309f0 Boots
1719763
1816450
6514523
7588675
7771980
9450562
11622947
12838945
16537333
Powered by WordPress.com VIP.