The Buzz
All markets and investing news all the time

Khombu New Khombu Julliard Brown Womens Shoes Size Shoes 8 M M Boots MSRP $109 f958c90




Item specifics

Condition:
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: Khombu
Color: brown Style: Julliard
Heel Height: Flat (0 to 1/2 in.) Model: Julliard
Material: leather-and-synthetic MPN: Does Not Apply
US Shoe Size (Women's): 8 Width: Medium (B, M)
Calf Width: Normal UPC: 630260623932

Khombu New Khombu Julliard Brown Womens Shoes Size Shoes 8 M M Boots MSRP $109 f958c90 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Khombu New Khombu Julliard Brown Womens Shoes Size Shoes 8 M M Boots MSRP $109 f958c90
Khombu New Khombu Julliard Brown Womens Shoes Size Shoes 8 M M Boots MSRP $109 f958c90 - 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%.

Khombu New Khombu Julliard Brown Womens Shoes Size Shoes 8 M M Boots MSRP $109 f958c90

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Khombu New Khombu Julliard Brown Womens Shoes Size Shoes 8 M M Boots MSRP $109 f958c90 - hollisbaker.com
About This Author
Khombu New Khombu Julliard Brown Womens Shoes Size Shoes 8 M M Boots MSRP $109 f958c90 - 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
 
RALPH LAUREN Sade Black Suede Booties Short Boots Shoes 8.5B $119Anne Klein Elek Black Womens Shoes Size 9 M Boots MSRP $130El Alamo Black Leather Inlay Flames Cowboy Western Boots Womens size 9 Spain , SIGERSON MORRISON brown BOOTS 7 1/2 Flat leather Tall made in Italy , Earth Shoe Black Faux leather Fur Snow Boots Womens Sz 11 B comfort outdoors , Dolce Vita Vergo Gray Womens Shoes Size 7.5 M Boots MSRP $240ENZO ANGIOLINI EAZAYRA BROWN PEBBLED LEATHER SIDE ZIP & BUCKLE RIDING BOOTS 8MAQUATHERM New Women's Size 11 Water-Resistant 3M-Thinsulate Winter Boots NWOBAriat M90201 Leather Black Ankle Boots Sz 8.5 MNINE WEST Black Leather Western Boots Women's Size 10 M , Susina 'Rawlin' Brown Suede Wedge Booties Size 13 , Azura ALTAIR Brown Suede Leather Corset Lacing Mid-Calf Boots Size 39 NWOBOlathe Biltrite Womens Cowboy Boots Tan Suede/Leather 13" Tall - Size 5.5C - GC , Vintage Women's BATES FLOATERS Wool Lined Chukka Boots Shoes Made in USA Sz 7 , Women's Ladies Mephisto Diva Tex Chestnut Gortex Leather Boot 7M , BCBG Stiletto Calf High Boots - Burgundy Red - Size 7BORN BOC Low Ankle Boots Women 8 Black Pebbled Leather Heel Shoes Slip On Bootie , Chinese Laundry Womens SOUTH BAY Black Leather Over Knee Tall Boots 6 New 6137 , White Mountain Seatbelt Ankle Boots, Black Smooth, 6 US , MUNRO SPORT AMERICAN FOOTWEAR WOMENS BROWN NUBUCK LEATHER ANKLE BOOTS SZ10.5W , Ladies Womans Naturalizer Black Western Low Cut Boot Shoe Size 6.5M , Merrell Moab Mid Bungee Cord Waterproof Vibram Hiking Trail Boots Women's US 8 , Miz Mooz Boots Dorato sz 8 Black Soft Leather Straps Buckle Moto Booties , EUC Barneys New York black suede slides/slip on sz.38.5/8 USNEW ENZO ANGIOLINI SZ 10 PRIXIA BLACK LEATHER ANKLE BOOTIE BOOTBare Traps Womens Randee Knee High Boots Size 7 Brown Distressed Faux LeatherDingo Black and Red 9M Leather Boots Western Cowgirl Mid CalfLauren Ralph Lauren Women's Sz 9.5 B Boots Dylan Mid Heel Booties Brown LeatherRalph Lauren New Quinlyn Brown Womens Shoes Size 5 M Boots MSRP $159
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 F50274 Ladies Faux Furr Top Synthetic Casual Boots ~ 3 ColoursANNE KLEIN Black Mid Heel Boots side zipper 6.5MTOPSHOP Black Leather/Suede Booties Back Zip Low Heel Women's Boots Sz 7/38Tahari Alanna Camel Sand Beige Suede Leather Slouch Mid-Calf Point Toe Boots 8.5 , Lands End Winter Boots Womens US 6.5 Mid Calf Black , Nomad Yippy Rain Cowboy Boots Monet Size 10 Short Pointed Toe Black Print Boho , Womens Black Faux Suede Slouchy Over The Knee Peep Toe BootsBlack Faux Leather Studded Peep Toe Ankle Booties 8Privileged Evolve Black Vegan Snake Leather Metal Gold Wing Pointy High BootiesWomen's Winter Rain Boots Snow Boots Size 9 M Knee High Premium Synthetic BootsLucky Brand Women's Ysabel Ankle Bootie Brindle 10 M US , SKECHERS (Leather) Womens Boot Shoe! Reg$140 Limited Offer Sale $64.99 , Boot Blowfish Kinder Olive Saddle Rock PU , NEW! Circus By Sam Edelman Velvet Rhinestone Combat Boots Size 10 W Wide , VINTAGE Bottes Cuir Noir doublé Cuir T 39 TRES BON ETAT , Jessica Simpson JS Brown Suede JS-FAB Fashion Ankle Boots - Size 6B/36 , Womens 7 W Handmade in Mexico brown leather cowboy boots western cowgirl ridingWhite Mountain Giddy Zip Up Boots, Black, 8 US , Enigma Women's Ankle Buckle Wedge Zip Up Boots Taupe BC600 , VOLATILE ANIBAL BLACK NEW TO THE MARKET 100% AUTHENTICNine West Women's Beachinit Flat - Choose SZ/ColorNEW Dorset Hotter Comfort Concept Womens Tan Penny Loafers Shoes Sz 8.5 , NIB Giuseppe Zanotti Frillas Espadrilles 40 10 Blue Suede beads crystal Slip On , FitFlop J02 Womens Superbendy Ballerinas Ballet Flat- Choose SZ/Color. , Aldo Womens Dorea Low Top Slip On Fashion Sneakers Silver Size 6.5 qjqM , Valentino Garavani Rockstud Rolling Embroidered Flat Sanda Size 39 1/2NIKE AIR MAX THEA KNIT WOMEN'S RUNNING SHOES - WOMEN'S SZ 7Womens Nike Lanarsolo AA4080-012 Darck Grey Brand New Size 8.5American Eagle Brown Boots Size 8 , Womens Nike LunarEpic Flyknit LB Black Sz. 8.5 NikeLab Racer Trainer 827403-003
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Khombu New Khombu Julliard Brown Womens Shoes Size Shoes 8 M M Boots MSRP $109 f958c90 Boots
2421468
3377489
3891791
6765040
7821497
8810300
8981320
17998401
19004594
Powered by WordPress.com VIP.