The Buzz
All markets and investing news all the time

Brinley Co Fringe Womens Booties Faux Suede Fringe Womens Ankle Booties 28ab5f5




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: Brinley Co
Color: Blue Style: Riding, Equestrian
Pattern: Solid Width: Medium (B, M)

Brinley Co Fringe Womens Booties Faux Suede Fringe Womens Ankle Booties 28ab5f5 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Brinley Co Fringe Womens Booties Faux Suede Fringe Womens Ankle Booties 28ab5f5
Brinley Co Fringe Womens Booties Faux Suede Fringe Womens Ankle Booties 28ab5f5 - 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%.

Brinley Co Fringe Womens Booties Faux Suede Fringe Womens Ankle Booties 28ab5f5

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Brinley Co Fringe Womens Booties Faux Suede Fringe Womens Ankle Booties 28ab5f5 - hollisbaker.com
About This Author
Brinley Co Fringe Womens Booties Faux Suede Fringe Womens Ankle Booties 28ab5f5 - 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
 
Rampage Boots womens size 7 M Tan genuine suede leather fur lined Winter boots , MOCCHI Boots Pewter Grey Patent Crinkle Knee High Size 36 / SB 25A , Brinley Co Women's Thora Ankle Boot, Black, Size 7.5 wHXy , White Mountain Womens Lefty Almond Toe Mid Calf Fashion Boots Black Size 6.5JUSTIN LADIES LEATHER COWBOY BOOTS SIZE 6.5B GREY STYLE L3067 MADE IN USA , Aggressor Women's 6'' Lynx II Steel Toe Steel Plate Work Boot Wheat Size 7MColumbia Redmond Hiking Boot Men Size 7 gray , CLARKS 88874 Wo's 5M Black Leather Mid Heel Side Zip Ankle Boot , MIA Tan Deacon Leaf Etched Cut Out Leather Point Toe Knee High Boots - 8.5women's size 8 1/2M Enzo Angiolini brand knee-high boots Taupe Beige Suede RAREAGGRESSOR Women's Non-Safety Insulated Rubber Boot Gray/Blue Size 9M , Size 9 M Totes Black Boots All Weather Slip On Boots Excellent Condition , Kim Rodgers Women's Rikki Double Buckle Knee High Boot Brown Size 6.5M✿ FRANCO SARTO Linden 2 Belted Grey Leather Zip Boots 6.5 M GREAT! L@@K!03 , Bijou Boots womens size 6 M Brown genuine suede leather midcalf slough fashionmichy-11 Fashion Over the Knee Zip 4.5 Inch Heel Women Winter Boots Gray 9-Anime Attack on Titan Unisex Adult Halloween Cosplay PU Fancy Shoes Knee Boots , Vintage Laredo Roper Cowboy Boot Women size 6.5 BlackVasque Women's Talus Hiking Trail Athletic Boot Bungee Cord/Purple Plum 6MBelles CHAUSSURES Femme Vintage STAR NANA Daim NOIR P39 NEUVES (jamais portées) , NEW WOMENS BIG BUDDHA WYLAN COWBOY BOOTS IN DUSTY GOLD , Fashion women faux suede fur top mid calf snow boots pull on hidden wedge heelsWOMENS SM ALEXANDRIA TALL FASHION BOOTS MULTIPLE COLORS AND SIZES NEW IN BOXNew Women Wild Diva Amaya-09 Faux Suede Wraparound Chunky Heel BootieNature Breeze Teena-01 New Women Almond Toe Zipper Decor Cigar Heel Ankle BootieBlack Ladies Boots Sz 8 Knee High Leather , Vintage Wrangler Western Cowboy Boot Women size 6.5 M Brown Leather , DAKOTA Women's Mid-Cut Aluminium Toe Composite Plate Work Boot Size 9EE , Walter Steiger Women's Black Knee High Boots Size 5.5 US (35.5 Italy)
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 Karen Scott Womens Falonn Faux Leather Stacked Heel Booties Shoes BHFO 4691 , Roots of Canada Women's Tuff Boot Tan Suede ~ Size 7BGianni Bini Zippered Calf Biots, Brown 8.5 , A N A Brown Ankle Boot Sz 8 Square Toe Distressed Leather Side Zip Womens 8 M , Apt 9 Cutwork Black Ankle Boot Womens 9 , High Heels Platform Thigh Boots Rivets Fur Lined Over Knee Womens Shoes Casual , Women Autumn Winter Plush Ball Martin Increased Round Head Velvet Wedge Shoes , Y womens ladies fashion rain boots slouch boots shoes khaki or purple size 4.5-8 , Womens Nocona Cowboy Western Boots Brown Leather Size 6.5BARIAT FAT BABY Women's Distressed Leather Boot Round Toe - 14829 Size 6 1/2 B , EL COMPADRE Western Reptile Leather Cowboy Boots Made In Mexico 8 1/2 , Nina Maguire Black Street Side Over The Knee Women's Boots Size 6 MSRP $129 , Jessica Simpson Womens Rianne Open Toe Ankle Fashion Boots, Black, Size 11.0Red Patent Lust Knee High Womens Boots , Reba Size 9 Black Leather Ankle Boots New Womens Shoes , Women's Sperry Top-Sider 9770124 Neillie Rubber Mid-Calf Boots Shoes Sz 8 M NEW , Clarks 'Un Halsie' Ladies Black Leather ShoesNWOB BODEN Gray White PATENT LEATHER Moccasin LOAFERS Flat Ballet SHOES 40 9 9.5Ahnu Women's Northridge Insulated Black Waterprooof Winter Hiking Boots US 5 , Brand New Sperry Top Sider Stella Prow Women Round Toe Suede Black Ankle BootVince Torin Suede Platform Black Platform Sneaker Size 6.5 $250 , LEATHER MOCCASINS FROM KORS VIGOTTI , Sam Edelman Women's Derby Wingtip White Shoes Size, US. 9 UK.7 EU.39-40NEW ARRIVAL-:BIRKENSTOCK 8 - 8 1/2 ( 39 EU) Womens - S-18-W-66 , Marc Jacobs New women Espadrilles with box Size 40Paul Green Women's Black Flats 7 ( US 9.5) , Cole Haan Womens Dellora Skimmer Leather Pointed Toe Slide Purple Size 7.0 , Ladies Rieker Smart Flat Shoes L3867Skechers 22583 Sport Womens Dreamchaser Skylark Fashion Sneaker , Easy Spirit Women's Solstice Penny Loafer Black Leather Loafers
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Brinley Co Fringe Womens Booties Faux Suede Fringe Womens Ankle Booties 28ab5f5 Boots
2369863
3025367
5614637
5807475
5871924
9815327
12030590
13417816
14153580
Powered by WordPress.com VIP.