The Buzz
All markets and investing news all the time

Bella Womens Marie localjoes-27646 Womens Bradee-07 Suede Ankle Booties Booties Grey Lucky Basel Low Cut Boot fa16572




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
Brand: bella Marie
Style: Ankle Boots Heel Height: 1 inch heel hight
US Shoe Size (Women's): 5-11 Heel Type: Block
Width: Medium (B, M) Material: Synthetic\ Suede
MPN: Bradee Occasion: Casual

Bella Womens Marie localjoes-27646 Womens Bradee-07 Suede Ankle Booties Booties Grey Lucky Basel Low Cut Boot fa16572 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Bella Womens Marie localjoes-27646 Womens Bradee-07 Suede Ankle Booties Booties Grey Lucky Basel Low Cut Boot fa16572
Bella Womens Marie localjoes-27646 Womens Bradee-07 Suede Ankle Booties Booties Grey Lucky Basel Low Cut Boot fa16572 - 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%.

Bella Womens Marie localjoes-27646 Womens Bradee-07 Suede Ankle Booties Booties Grey Lucky Basel Low Cut Boot fa16572

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Bella Womens Marie localjoes-27646 Womens Bradee-07 Suede Ankle Booties Booties Grey Lucky Basel Low Cut Boot fa16572 - hollisbaker.com
About This Author
Bella Womens Marie localjoes-27646 Womens Bradee-07 Suede Ankle Booties Booties Grey Lucky Basel Low Cut Boot fa16572 - 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
 
CAT Womens P90562 Black Work & Safety Boots Size 9 (241366)Womens Brown Faux Suede Moccasin Fringe Ankle Boots Booties NEW , Diba Women's Black Suede Round Toe Wedge Heel Ankle Booties Size US 10Aerosoles "Cinteresting" Women's Dk Brown Suede Leather Ankle Boots Size 8M , Clarks Bendables Womens Leather Slip On bootie shoe Brown Size 6.5 W style 38479 , Women's APT 9 ADVISOR Black Zip Up Casual Dress Ankle Boots/Booties NEWwomens tan ZODIAC cowboy western boots leather braided rope detail 7.5 M , Minnetonka Moccasins 5.5 M Brown Suede Ankle Boots Fringe Studs Comfort Slippers , Chinese Laundry Arctic Women's Brown Suede Wedge Fringe Ankle Booties Size 101D7 Tommy Hilfiger Pull On High Top Round Toe Rains Boots Women Shoes Size 9Earthies Wos Boots Ankle LACARNE US 6B Dark Brown Leather Zip Buckle Heels1154Women's Cowboy Boots Size 5 1/2 Leather Stitch Pattern Pull-up Tab Burgundy , MERRELL Encore Stitch High Black Suede Shearling Pull On Winter Boots, Size 7KAREN SCOTT CLANCY WOMEN PUMPS (8.5M, NUDE)l.e.i. ZIPPER BOOTS WOMENS SIZE 7 CHELSEACole Haan Sporting Women's Brown Green Leather Insulated Ankle Boots - US 7 M , Chooka Womens Flex Fit Elastic WIDE CALF Rubber Closed Toe Pebble Size 5.0 6lU , RIEKER Women’s 9.5 Brown Leather Ankle Boot Warm Lining 1.5" Heel , MUK LUKS Shawna Women's Sweater Boots Dark Blue US 10STUART WEITZMAN Black Leather Side Buckle Pointed Toe Casual Boots Sz 7 B3707 , Joules Womens FieldWelly Rubber Closed Toe Mid-Calf Rainboots Grey Size 4.0 LoVTG Women's Maine Woods Sz 10 Cowgirl Black Leather Western Boots Brass ToeCape Robbin Women's Elnora Distressed Denim Peep Toe Boots TW4 Blue Size 8.5 , Women PU Leather SIZE 8.5 B(M) Fashion Boot MID-CALF BOOTS Rain Snow Booties NEW , Womens 9 M Xappeal Taupe Gray Cuff Ankle Boots , Jessica Simpson Women's Two Tone Brown Suede Knee High Boots Size / US 6 , $80 Womens Lauren Conrad Ankle Boots Buckle Dress Booties Ladies Stacked Heel 10Square Toe Black Justin Cowboy All Leather Ladies Boots Size 6.5B SUPERB Cond , MISS SIXTY IGGY Women's RUCHED BLACK SUEDE ANKLE BOOTS BOOTIE SZ 6 EURO 36
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 DAN POST Classic Style WOMENS Brown Leather Cowboy Boots Sz 6m , Cotton Wedge Women Boots Fur Waterproof Female Winter Shoes Ankle Snow BootsUsed Diba Leather Pointy Toe Booties Ankle Boots Size 8 Worn , Womens Merrell Summit II Size 10 Brown Leather Trail Hiking Boots USED Outdoorsnew ladies Gray Flat Sexy Knee Boot Round Toe Side Buckles Size 6Michael Antonio Women's Sting Boot, Black, Size 9.0 , Women's Nine West "Newsflash" Knee-Hi Boot Black Zipper Up Back NIB Unworn sz 8Women's Skechers 14355/BBK On the Go 400-Blaze Booties BlackJ.B. DILLON Brown Distressed Leather Western Boots 8 BMARCO TOZZI Ankle Boots, Boots, Boots, Pull On Boots, Black, NEWWomen's Shoes Bamboo Hilltop 20M Over The Knee Stretch Zip Boot Burgundy *New , MUCK BOOT CO. MUCKSTER MID II Rain Boots Womens 9 , Paul Green Taupe Brown Nubuck Leather Tall cuff Boots Sz 7.5M , Nine West 25029562 Womens Jatoba Leather Fashion Boot- Choose SZ/Color. , VINTAGE FANTASY COLLECTION BLACK LEATHER GOLD STUDDED DRESS BOOTS MOD NEW 6 M , BEARPAW L10 WOMEN`S BROWN FUR BOOT , Ladies Clarks Fashion T-Bars Taylor PalmNEW ~ SONOMA LIFE + STYLE Women BROWN Ankle Boots / Size 5 m / 2-1/4" Heel , Bare Traps Womens Dallia Closed Toe Mid-Calf Fashion, Dark Brown, Size 10.0 SWU6 , New JCrew $148 Ryan penny loafers Leather shoes 10 burnished pecan brown H8200Clarks Women's Padmora Shoes in Sand Suede , NEW ECCO Incise Urban Women's Black Loafers size 6.5 US , Cole Haan Womens Bowie Slipon Sneaker Maple Sugar Snake Print 10 NEW IN BOXCobb Hill Rockport Women's Jordan-CH Flat Sandal , Skechers Shape Ups White With Pink Womens Size 11 SN 12309 , Womens DC Rebound High SE Gold Black Skateboard Shoe GB2 High Top Skate 7.5CLARKS Women's Brier Dolly Dress Pump Size 9.5 New , Women's SNEAKER HEART PATENT WHITE Athletic Shoes , Me Too DeeDee Rain Boots Knee-High Black Leather Women Sz 9 , Nike Wmns Air Max 95 LX Casual Womens Shoes Black Grey Sail AA1103-001 ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Bella Womens Marie localjoes-27646 Womens Bradee-07 Suede Ankle Booties Booties Grey Lucky Basel Low Cut Boot fa16572 Boots
3144995
4741336
6601323
8092469
10193371
13694489
15532934
16704487
18565894
Powered by WordPress.com VIP.