The Buzz
All markets and investing news all the time

Joan & David soapapp-768 Women's Black Pebble Leather Leather Boots Mid-Calf High Heel Buckle Boots SZ 8M 16c8dce

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: In good condition, please see pictures
Brand: Joan & David Material: Leather
Style: Mid-Calf Boots Fastening: Buckle
US Shoe Size (Women's): 8 Heel Height: High (3 in. and Up)
Width: Medium (B, M) Country/Region of Manufacture: Italy
Color: Black

Joan & David soapapp-768 Women's Black Pebble Leather Leather Boots Mid-Calf High Heel Buckle Boots SZ 8M 16c8dce -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Joan & David soapapp-768 Women's Black Pebble Leather Leather Boots Mid-Calf High Heel Buckle Boots SZ 8M 16c8dce
Joan & David soapapp-768 Women's Black Pebble Leather Leather Boots Mid-Calf High Heel Buckle Boots SZ 8M 16c8dce -

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%.

Joan & David soapapp-768 Women's Black Pebble Leather Leather Boots Mid-Calf High Heel Buckle Boots SZ 8M 16c8dce

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Joan & David soapapp-768 Women's Black Pebble Leather Leather Boots Mid-Calf High Heel Buckle Boots SZ 8M 16c8dce -
About This Author
Joan & David soapapp-768 Women's Black Pebble Leather Leather Boots Mid-Calf High Heel Buckle Boots SZ 8M 16c8dce -
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
Born Chaval Flat Casual Ankle Boots 530, Brown, 6.5 US / 37 EUWomen's Matisse Coco Black Leather Round Toe Knee High Boots Sz 5.5 M NEW $264 , Authentic Delman Tanini Crisci Black Women's Boots, Size 9 BJBU Mendocino Black Winter Snow Boot Womens Size 9 , ONEAL WOMENS RIDER BOOT - BLACK/PINK - 9Bare Traps Pennie Faux Leather Ankle Booties, Women's Size 8.5M, Brown NEWWOMENS BZEES BOOTS Luscious White Fur Lined Zip Up Snow Ankle Booties 8.5 M , Natural Soul Zela Black Leather Ankle Boots, Women's - Size 7 M, BlackAra Luftpolster Extra Light Black Gortex Side Zip Ankle Boot Womens 6 UK / 8 USWhite Mountain Calhoun Women's Boots - Size 10 - Taupe/Suedette - New in Box 791LAREDO Brown Leather Western Boots Women's Size 7 MLifeStride Wendy Faux Leather Ankle Booties, Women's Size 7.5 M, Tan NEWAwesome Blue Suede Desert Boots by Opening Ceremony size 38 (US 8)Splendid Danele Ankle Booties - Women's Size 9.5, Black , WOMENS STEVEN BY STEVE MADDEN Boot Shooter Kiltie Black Leather Ankle Bootie 8.5NIB Eddie Bauer Women boots size 6.5 made in Canada Sole made in Italy , Womens Steve Madden Boots Lokola Black Leather Faux Fur Winter Booties 6.5 RARE!HUNTER ORIGINAL CONTRAST BOOTS / WELLIES - WHITE W/ BLACK STRIPE - SZ. 6 , Dolce Vita Brown Suede Leather Western Style Ankle Boots Sz 6 , Frye booties marked size 7 (fits More Like 8) , Women's 7 M Kamik Black Rubber Sharonlo Waterproof Ankle Rainboots P7028968Justin Womens Lime Green Tooled Leather Cowboy Boots Suede Shaft Sz 8B CowgirlCri de Coeur Marie Boot in Black Size 6.5, 7, 7.5 & 11 Available , Gogo 3000 White Pat OTK Stretch zip up Boot 3" Block Heel Size 13 ShoeColin Stuart Boost Stiletto Women's Chocolate Brown Suede Strappy Tall 7 EUC , Born Womens Leather Knee Boots Shoes W62550 size 10/42 M/W BROWN , NEW Vince Camuto Sashe Rust Suede Tall Boots size 10 , Kristin Cavallari - Chinese Laundry Black  Embellished shoes -Size 6 (36.5)Steve Madden "Kavilier" Womens 8 Brown Leather Boots Moto Motorcycle Buckles ,
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 Sequin Glitzy Peep-Toe Platform Slingback Stiletto HeelsNEW Leather genuine Boots Women's Size 38, BlackBrighton Roman Ankle Boot Heels Women size 9.5 M Black Leather Quilted BootiesSPORTO SIDE WINDER 9.5 WIDE BLACK NWDWomens High Heels Stilettos Faux Suede Knee High Boots Shoes Zip Plus Size New , Vintage Women's Black Leather Long Heeled Knee Calf Boots US 5Women's Santana Canada Black Shearling-Leather-Lined Roll Top Winter Boots Sz.6 , PureSole Women's Harmon Leather Tall Riding Boots Black Size 9MTesori Valencia Black Leather Knee High Riding Boots Women’s Size 9.5 M* , 7856211 LSPBTS50 Women's Shoes Size 7 M Black Leather Boots Johnston & MurphyTommy Bahama Women's Mandalay Rain Boot Majorelle Jardin Size 10.0 , NEW JOULES WELLIES WELLY PRINT WOMEN'S TALL RAIN BOOTS BURGUNDY SPOT US 8 , Diana Ferrari Supersoft Poncho in Black, GreyAGL Attillio Giusti Leombruni 39 8.5 M Blue Suede Leather Ballet Flats Italy , $995 NEW Manolo Blahnik PELUSUSMIN Mink Fur Flat Slide Sandals Black Shoes 36 , Womens MUNRO AMERICAN dark brown suede loafers shoes sz. 10 NEW! $199Women's Asics Gel-Cumulus 14 Size 9.5 Sneakers Shoes Running Blue White Gray I5Rochas Black and White Check Flats Size 38.5 Runs 1/2 Size Big $410Womens 10.5 11 41 Dansko Danielle pumpkin orange black leather clogs shoe loafer , Skechers Bikers - Free Thinker Chocolate Choc Womens Mary Jane Size 9MNIKE W Blazer Low Se Prm AA1557-600 PORT WINE Size 8adidas Originals Women's Crazytrain Pro W Cross Trainer - Choose SZ/ColorUnder Armour Thrill 2 Womens Running Shoes - SS17 7.5 Grey- Pick SZ/Color. , Asics Womens GT-2000 4 Mesh Athletic Colorblock Running Shoes Sneakers BHFO 7478adidas Women's W Adizero Sport III Golf Shoe - Choose SZ/Color , New Balance Women's Vazee Prism v2 Shoes Blue with Pink & Navy , New Balance Womens Classics WR993GL Running Shoes Grey, 91/2 D Made in USAWomen's JANA Derby 23706 Cognac FlatsKENSIE Women's LANDA Knee High Tall Boots BROWN SNAKE PRINT Size 7 1/2 NEW!!!!!Womens Ankle Boots Fur Trim Hidden Wedge Pull on Snow Winter Boots Casual Shoes ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Joan & David soapapp-768 Women's Black Pebble Leather Leather Boots Mid-Calf High Heel Buckle Boots SZ 8M 16c8dce Boots
Powered by VIP.