The Buzz
All markets and investing news all the time

NEW Ladies Chic Ankle Liz Boots by Liz Claiborne, Size Boots Size 9M,DustyRose,MemoryFoam,NEW abb5e64




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
Style: Fashion Boots
Width: Medium (B, M) US Shoe Size (Women's): US 9
Features: Back zipper Heel Height: High (3 in. and Up)
Brand: Liz Claiborne Material: ManMade
UPC: Does not apply

NEW Ladies Chic Ankle Liz Boots by Liz Claiborne, Size Boots Size 9M,DustyRose,MemoryFoam,NEW abb5e64 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
NEW Ladies Chic Ankle Liz Boots by Liz Claiborne, Size Boots Size 9M,DustyRose,MemoryFoam,NEW abb5e64
NEW Ladies Chic Ankle Liz Boots by Liz Claiborne, Size Boots Size 9M,DustyRose,MemoryFoam,NEW abb5e64 - 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%.

NEW Ladies Chic Ankle Liz Boots by Liz Claiborne, Size Boots Size 9M,DustyRose,MemoryFoam,NEW abb5e64

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
NEW Ladies Chic Ankle Liz Boots by Liz Claiborne, Size Boots Size 9M,DustyRose,MemoryFoam,NEW abb5e64 - hollisbaker.com
About This Author
NEW Ladies Chic Ankle Liz Boots by Liz Claiborne, Size Boots Size 9M,DustyRose,MemoryFoam,NEW abb5e64 - 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
 
Women's Julianne Hough For Sole Society Idelle Leather Ankle Boots Size 8 NEWStyle & Co. Lolah Black Womens Shoes Size 7.5 M Boots MSRP $85Seven Dials New Teresa Black Womens Shoes Size 5.5 M Boots MSRP $69Ziginy New Olaa Black Womens Shoes Size 6 M Boots MSRP $59Muk Luks Women's Burgundy Cable Knit & Faux Suede Leg Warmer Boots Size 7 , AEROSOLES Womens Ankle Boot Heel Shoe Black Size 8M Excellent Used ConditionRampage Womens Inlay Black Knee High Side Zip Boots Shoe Size 7.5 MCarlos by Carlos Santana Rumer Hawa Black Womens Shoes Size 8 M Boots MSRP $119American Rag New Coreene Brown Womens Shoes Size 6 M Boots MSRP $79.99 , Wantted Crowley Black Womens Shoes Size 6 M Boots MSRP $79Donald J Pliner Pull On Pointy Toe Boots Size 5.5 black leather zip upKaren Scott Davina Brown Womens Shoes Size 8.5 M Boots MSRP $79ZiGi Soho Spraypaint Brown Womens Shoes Size 7 M Boots MSRP $69 , TYPE Z Women Cylindrical Heel Knee High Boots Size US 9.5 Black Leather , 2 Lips Too Women's Too Kicker Western Ankle Boots Brown Shoe Size 7 MBRECKELLES Womens Brown Ankle Boots with Buckles Size 7.5Michael Antonio Makoto Black Mid-Calf Boots Women's Shoes Size 11 M NEWDV Dolce Vita Utility Boot Womens Size 6M Brown Leather Back and Side Zipper -28 , Style & Co. New Lolah Brown Womens Shoes Size 8 M Boots MSRP $75 , Style & Co. Jamila Silver Womens Shoes Size 6.5 M Boots MSRP $79.99 , Fergalicious by Fergie Winchester Black Womens Shoes Size 5.5 M Boots MSRP $60 , BareTraps New Yaegar Gray Womens Shoes Size 5.5 M Boots MSRP $109Style & Co. Astarie Black Womens Shoes Size 6.5 M Boots MSRP $99.99 , Madden Girl Womens Black Mirra Ankle Boots Shoe Size 11 MZiGi Soho New Spraypaint Gray Womens Shoes Size 7 M Boots MSRP $69American Rag Coreene Black Womens Shoes Size 6 M Boots MSRP $79.99INC Herbii Brown Womens Shoes Size 10.5 M Boots MSRP $129.99 , Karen Scott New Davina Brown Womens Shoes Size 6.5 M Boots MSRP $79.99Style & Co. New Witty Brown Womens Shoes Size 6 M Boots MSRP $69
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 Earth Shoes Jordan Vintage Leather Side Zip Ankle Boots Womens 6.5 W Grey + , Lands End Womens Lime Green 93160 Fleece Winter Boots Warm Size 6.5B , Women Boots Shoes Woman Footwear Fashion Women's Winter Shoes ankle boots , NWOT NINE WEST Tan 100% Leather Ankle/Mid-Calf Boots, Women's Sz 8 M , NEW Women Knee High Boots Demin High Stilettos Heels Pointy Toe Fashion ShoesBorn Beebe Casual Ankle Boots 544, Brown, 6 USDonald J. Pliner Brown Yazi Pull On Knee High Boots Size 8.5 WomensNew Marc Fisher LTD Suede Ankle Purple Bootie size 7.5 M , Madden Girl by Steve Madden Womens Brownie Taupe Booties 6 Medium (B,M) 2203EUC Ariat Western Womens US 10B Medium Tracey Pull On Dust Brown Boots 10008628 , BEST MOUNTAIN - BOTTES CAVALIERES CUIR LISSE & DAIM MARRON 36 - EXCELLENT ETAT , Bottes Genoux MINELLI Cuir Marron Pointues T 39 TBECole Haan Midcalf Brown Leather Wedge Boots 8B , Bettye Muller Freestyle Espadrilles 204, Pink, 6 US / 36 EU , 42411 auth MANOLO BLAHNIK purple suede leather Ballet Flats Shoes 38.5 , AUTH YSL Saint Laurent Women Black Leather Stubs Espadrilles Shoes 40.5RALPH LAUREN PURPLE LABEL OXFORDS BROWN LEATHER W MESH WOMEN 7.5 B MADE IN ITALY , Stubbs & Wootton Women's Shoes Needlepoint Knit Leather Trim Mules SZ 9.5M. Gemi Made in Italy Gold/Black Loafers SIZE 41Women Adidas DA9957 Aero Bounce PR Running shoes black sneakers , JARLIF Women's Lightweight Jogging Training Running Shoes Athletic Walking... , Vans Women's Shoes 106 Vulcanized All Black Canvas Casual Skate Sneakers 099ZBLKNew Women's Skechers 14480 GO Step Lite Lily Casual Ballet Flats Size 6 (L15)New Balance WW577 Walking Shoe - Women's Size 8B, Black , Superga Black Velvet Sneakers Size 8 New in box -BEAUTIFUL , Womens Punk New Pattern Velvet Pointy Toe Chunky Party Mid Calf Boots Heel ShoesFITFLOP DASH 159-030 US 8M Brown Suede Leather Pull On Wedge BootiesRemonte Dorndorf Women's Fleur Black Ankle Boot, Size 9.5Josef Seibel Hiker Walking Shoes Nubuk cowhide Edelweiss Women US 9.5-10.5/Adidas Originals EQT Support ADV Mens BB1304 Running Trainers Sneakers
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
NEW Ladies Chic Ankle Liz Boots by Liz Claiborne, Size Boots Size 9M,DustyRose,MemoryFoam,NEW abb5e64 Boots
4488774
5824219
6866394
9348403
10340963
10375972
13865925
13875575
18593404
Powered by WordPress.com VIP.