The Buzz
All markets and investing news all the time

NEW Bugrip Icebug Icebug Cortina Bugsole Bugrip Womens Winter 27010 Ice Snow Boots Shoes Msrp$180 0fb1239




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
US Shoe Size (Women's): Choose from drop down menu
Color: Black Brand: Icebug
Tread: Studded Bugrip Ice Traction or Winter Bugsole Style: winter snow ice boots
Entry type: Front Lace and Side Zippered

NEW Bugrip Icebug Icebug Cortina Bugsole Bugrip Womens Winter 27010 Ice Snow Boots Shoes Msrp$180 0fb1239 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
NEW Bugrip Icebug Icebug Cortina Bugsole Bugrip Womens Winter 27010 Ice Snow Boots Shoes Msrp$180 0fb1239
NEW Bugrip Icebug Icebug Cortina Bugsole Bugrip Womens Winter 27010 Ice Snow Boots Shoes Msrp$180 0fb1239 - 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 Bugrip Icebug Icebug Cortina Bugsole Bugrip Womens Winter 27010 Ice Snow Boots Shoes Msrp$180 0fb1239

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
NEW Bugrip Icebug Icebug Cortina Bugsole Bugrip Womens Winter 27010 Ice Snow Boots Shoes Msrp$180 0fb1239 - hollisbaker.com
About This Author
NEW Bugrip Icebug Icebug Cortina Bugsole Bugrip Womens Winter 27010 Ice Snow Boots Shoes Msrp$180 0fb1239 - 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
 
Winter Warm Boots Block Heels Buckle Strap Cuffed Mid Calf Boots Womens Shoes , Vince Camuto Cider Ankle Zip Bootie 10 M Black Suede , Not Rated Women's Chocolate Brown Camouflage Sequin Big Deal Mid Calf Boots NIBFranco Sarto Womens Petite Brown Motorcycle Boots 5.5 Medium (B,M) BHFO 5468Women's Shoes Qupid TUXEDO 123 D'Orsay Closed Toe Ankle Booties BLACK *New* , Jambu "Nottingham" Textile Multi-colored Tall Winter Pull On Boots Wmns. 7NEW COGNAC TAN SUEDE CUT-OUT TASSEL ANKLE BOOTIES SIZE 9, 10New Women M & L Mango-12 Leatherette Triple Buckle Chunky Heel BootieNew Dollhouse Rancher Women's Embroidered Studded Western Cowboy Mid Calf BootsG by Guess Medium Brown Fabric Faux Fur Shearling Lined Boot Size 6Madden Girl Womens Combat Taupe Combat Boots Shoes 6.5 Medium (B,M) BHFO 3424 , C. Wonder Willa Suede Leather Fringed Block Heel Ankle Boots Womens 6.5 M Brown~Madden Girl by Steve Madden Womens Fancie Red Ankle Boots 7 Medium (B,M) 4221 , New! Ganzo Suede Mid Calf Boot With Jute String TieNORTHSIDE 311532W WOMENS PIONEER WP WATERPROOF UPPER HIKING MID BOOTS US 7 , women's high heels open toe block heels suede buckle ankle boots shoes size 10.5Gillian Julius Tan Slouch Wild West Cowboy BootsWomen's Miz Mooz Belvedere Mid calf High Boots Brown Leather Pleated Sz 6 , Womens Ankle Boots faux suede Casual Med Block Heels Fur Lined Warm ShoesHot Fashion Womens Floral Suede Low Block Heels Ankle Boot Party Prom Boots @03Bernie Mev Black Woven Stretchy Ankle Booties Size 40 EU (Size 10 US)Ladies Donald J Pliner Glittery Leopard BootsCOLUMBIA VALLARA WATERPROOF WINTER BOOTS SIZE 8 , BOC Born Concepts Joyner Boots Size 7M Short Booties Brown Side Buckle Round ToeMatt Bernson Special Project Suede Leather Belted Wedge Boot Leopard New , Minnetonka Women's Two Button Boot - Hardsole Black Suede - 6Winter Warm Fashion shoes woman Wedge Heels Shoes Tassel Mid-Calf Boots Women , vtg TONY LAMA WESTERN COWBOY BOOTS TAN/IVORY LEATHER Size WOMEN'S 5.5 M , NOT RATED WOMENS WOMEN OVER THE KNEE WEDGED BLACK BOOTS W/ ZIPPER SIZE 6 SZ 6 ,
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 Ecco Womens Side Zip Winter Boots 8.5 / 39 Gortex Black , EUC! •Noel Collection • Brown Faux Suede Wedge Heel Mid Calf Boots Size US 10MSporto Makela Waterproof Winter Boots 073, Dark Pewter, 7 US , INC Fedee Black Womens Shoes Size 6 M Boots MSRP $179.5Women's Chocolate Brown Rider Boots With Side Zipper (BrownB-003) Size-8magnifique botte a strass talon aiguille p37FRYE Riding Leather Motorcycle Riding Biker Women's Size 5 Brown Boots , Rocky Women's RKK0223 Construction Boot, Brown, 7 W US , NEW The North Face Women's Bridgeton Zip Ankle Bootie Boots Sz. 8.5 , Vegan Arcopedico L45 Black and Beige Leopard Mary Jane Flats (US 7 to 7.5) , L'Artiste by Spring Step Womens Gabriel Leather Almond Toe, Brown, Size 10.5 tjgColumbia Women's Bugaboot Plus III Titanium Omni-Heat Boots 5.5 USBare Traps Linsie Black Suede Water Repellent Faux Sherling Boot New , Jack Rogers Kyle Booties - Women's Size 8.5 M, Black , VANELi AIMEE 988991-001 Vaneli Womens Aimee Loafer 10- Choose SZ/Color.DAVID TATE Sz 6N Brown Women Leather Ankle Med Heel Pull On Bootie , Women's Dansko Professional Patent Henna Floral Casual Clog 406870202 Sz.41 , Joie Huxley Casual Slip On Shoes - Women's Size 7.5, BlackNIB Disney Parks Irregular Choice Star Wars Darth Vader Women's Loafer Sz 9 1/2Tod's Women's Suede Ballerina Shoe Slippers BROWN , NIB Tory Burch Bryce Flat Thong Sandal Leather, Navy, Size 7.5,8, 8.5, 9, 9.5 , ECCO Women's Soft 5 Toggle Sandal - Choose SZ/Color , KAANAS Women's Cameroon Napa Slip on Loafer Sneaker, Taupe, Size 8.0Bella Vita Ramp II Woven Slip On Sneakers 428, Light Grey, 8 W US , SPRING COURT Women's G2 Lo Cut Violet Purple Canvas Sneakers Shoes US 9 / 40 NEW , LifeStride Women's Mile Flat - Choose SZ/ColorStella McCartney Silver ESPADRILLES Shoes Flats UK6 /EU39 RRP250GBP , LADIES SHOES/FOOTWEAR - Cassini Magic shoe white lily , Bellini Women's Dapper Fringe Loafer Navy Patent/Microsuede Loafers , ECCO Women's CS16 Tie Fashion Sneaker
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
NEW Bugrip Icebug Icebug Cortina Bugsole Bugrip Womens Winter 27010 Ice Snow Boots Shoes Msrp$180 0fb1239 Boots
729060
1584600
2611318
2860102
2886690
4759516
11258813
12325814
15320796
Powered by WordPress.com VIP.