The Buzz
All markets and investing news all the time

COCONUTS Black Boots Zip Knee High Heel Heel Fashion Fashion Boots Size 6 cacb5de

Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: Good used condition.
Style: Knee High Boots Fastening: Zip
Heel Height: High (3 in. and Up) Color: Black
US Shoe Size (Women's): 6 Occasion: Casual
Material: Synthetic Brand: Coconuts
Width: Medium (B, M) Heel Type: Block
UPC: Does not apply

COCONUTS Black Boots Zip Knee High Heel Heel Fashion Fashion Boots Size 6 cacb5de -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
COCONUTS Black Boots Zip Knee High Heel Heel Fashion Fashion Boots Size 6 cacb5de
COCONUTS Black Boots Zip Knee High Heel Heel Fashion Fashion Boots Size 6 cacb5de -

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%.

COCONUTS Black Boots Zip Knee High Heel Heel Fashion Fashion Boots Size 6 cacb5de

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
COCONUTS Black Boots Zip Knee High Heel Heel Fashion Fashion Boots Size 6 cacb5de -
About This Author
COCONUTS Black Boots Zip Knee High Heel Heel Fashion Fashion Boots Size 6 cacb5de -
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
New Women's Chaps Rubi Knee High Side Zipper Riding Boots Size 6 Black W51 , NEW! Route 66 30543 Womens Arvil Taupe Riding Boot 440S pa , Tommy Hilfiger Black leather women Boots 8.5 Neiman & Marcus Macy’s Riding ZipNEW! Roxy Women's Clementine Boots Black/Grey/Cream Aztec 175C azCLARKS ORIGINALS 5.5 WOMENS CHUKKA BOOT STORE DISPLAYALDO Black Suede Pointy Toe Slouchy Mid Calf Boot Heels Women's 7 , Nine West Brown Suede Fashion High Heel Ankle Boots Womens Size 11 M WNPEGEEN , WOMEN'S XOXO *JEAN* Black Riding Boots Size 7 M NIB , GUESS Mid Hi Ladies Brown ECO Leather Hiking Boots Waterproof Ladies Size 7.5 H , Antonio Melani Womens Ankle Boots Size 8.5 M Brown Leather Heel Buckle , Not Rated Trinidy (NRTB0132-251) Zip Boots - Women's Size 8, BrownMINNETONKA MOCCASINS WOMENS SZ 8 BROWN LEATHER 3-TIER FRINGE MIDCALF SUEDE BOOTS , VTG WOMENS ABILENE COWBOY LEATHER BROWN BOOTS SIZE 7.5 MCoogi Womens Black Boots Size 9 , Lauren Ralph Lauren Black High Heel Ankle Boots Zip Side Size 6 M , Lands End Womens Winter Boots Sz 6B Model 406465 Brown Suede Insulated , VTG WOMENS JUSTIN COWBOY LEATHER BROWN BOOTS SIZE 6.5 BWomen's Franco Sarto Formica Ankle Boots Gray Size US 8 M , Ruff Hewn Women Jackel Harness Biker Tall Size 9 Fall Boots EUCFRANCO SARTO WOMENS Bronze Brown WESTERN/COWBOY BOOTS 7.5 Mblack leather italian buckle boots women’s size eu 39 , MIA Brown Leather Zip Chunk Heel Pointed Toe Mid-Calf Fashion Boots Size 10 MKrush Women's Dusty Faux Suede Knee High Boots Black HM7 Size /US 8 , Dolce Vita Suede Ankle Booties Size 8.5 , NINE WEST Vintage America Brown Leather Zip High Ankle Boots Size 7 M VASLOANE , Simmi clear heel and black boot size 8 , Via Spiga 6 M Womens Brown Leather Pointed Toe Booties Boots High Stacked Heel , Namad Harness Womens Brown Plaid Cowboy Rain Boots, Pre-owned Size 10 , NIB Navy Blue Faux Suede and Leather Knee High Riding Biker Boots Sz 9 (8 1/2)
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 Arizona Jeans Boots Heels Midcalf Woman's Size 8.5 BrownClarks Olive Green Crinkled Leather Nikki Star Buckle Ankle Boot New , Dune London Womens Pardew D Leather Round Toe Ankle, Black Leather, Size 7.0 NPVWomens Camel Color 1" Low Block Heel Sexy Knee Boots Size 8 , Women's Platfrom Cuffed Suede Knee High Boots Block Heels Fashion Casual Shoes , Antonio Melanin Knee High Slouch Boot Women size 6 Brown SuedeWomen's Dingo Cowboy Boots 7M Style , Franco Sarto Women's Kairi Ankle Boot, Winter White, Size 8.5 , east 5th Norwood Micro Boots Black Size 10MSAM EDELMAN "WAKEFIELD" BROWN LEATHER WEDGE SUMMER BOOTIES / / US 8M , EXСLUSIVE RUSSIAN VALENKI WALENKI WINTER FELT BOOTS! WOOL! All SIZE! 220SH02223ARRAY Womens logan Leather Closed Toe Mid-Calf Fashion Boots Taupe Size 6.5 CFIsaac Mizrahi Live! Suede Quilted Stacked Heel Boots PICK SIZE COLORLadies Skechers Go Walk Ultimate Black Slip On Casual Shoes Style 13519 , VINTAGE SAN ANTONIO LUCCHESE OSTRICH WESTERN BOOTS MADE IN USA WON 7 AA GOOD , Munro Women's Black Debut Wedge 1165 Size 9SSTory Burch Suede Pacey Ballet Flats Shoes - New Size 8M , Clarks Juliet Lora Black Patent Womens Slip-On Size 9.5MNAOT Women's Havana Mule - Choose SZ/ColorMANOLO BLAHNIK Shoes 722322 BlackxBeigexMulticolor 39DOLCE & GABBANA Derby Shoes Brogues BOY with Floral Charms and Studs Red 05859 , Comfortiva Women's Grace Slip On Silver Bruce Metallic Leather FlatsStubbs & Wootton & Palm Beach Beige Fabric Mules Pumps Size 6NEW! Under Armour 1298664-003 Womens Charged BANDIT 3 Black/White 100O aaHot Stylish Womens Mens Leather Speed Flat Trainer Shoes Sneakers Chic Shoes A02 , Reebok Classic Leather Weathered & Washed Women's Shoes Collection BS5418 BS7865DC Womens Midway SN- Pick SZ/Color. , Womens NIKE FREE TRANSFORM FLYKNIT Running Trainers 833410 301 , Nike Womens Air Max 1 PRM Obsidian Pale Grey lot 454746 403 Womens Size 10 , NWOB Calvin Klein Womens Jaiden Sneakers Black 7.5M ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
COCONUTS Black Boots Zip Knee High Heel Heel Fashion Fashion Boots Size 6 cacb5de Boots
Powered by VIP.