The Buzz
All markets and investing news all the time

Material Girl Girl 25856 Women's Melation Black) Boot (7, Black) 70c2dcf

Item specifics

New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Style: Fashion - Mid-Calf
Heel Height: Low (3/4 in. to 1 1/2 in.) Material: Patent Leather
Color: Blacks Width: Medium (B, M)
US Shoe Size (Women's): 7 Shade: Black
Brand: Material girl UPC: 886031003322

Material Girl Girl 25856 Women's Melation Black) Boot (7, Black) 70c2dcf -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Material Girl Girl 25856 Women's Melation Black) Boot (7, Black) 70c2dcf
Material Girl Girl 25856 Women's Melation Black) Boot (7, Black) 70c2dcf -

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%.

Material Girl Girl 25856 Women's Melation Black) Boot (7, Black) 70c2dcf

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Material Girl Girl 25856 Women's Melation Black) Boot (7, Black) 70c2dcf -
About This Author
Material Girl Girl 25856 Women's Melation Black) Boot (7, Black) 70c2dcf -
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
Seven Dials Oriole Women Shoes Cold Weather Booties Gray Sz 5.5 New Freeship , SoftWalk Women's Urban Ankle Bootie, Black, 5 M USWomens Black Stars 5" High Wedge 1.5" Platform Sexy Ankle Boots Size 8.5 , Roper Women's Cheeta Work Boot, Tan, 7.5 D USBlack Faux Fur Interior Zip Open Faux Leather Womens Over the Knee Boots ShoesWomen's Penny Kenny Black Dancer Suede Boots US 10 Sz Very Clean Excelent!Bare Traps Womens lainey Suede Almond Toe Ankle Cold Weather Black Size 8.0 t3 , White Mountain Womens lida Closed Toe Knee High Fashion Boots Black Size 9.0 1Dirty Laundry Chinese Laundry Women's Chrystal Boot Dark Grey Size 9.0 HUev , Thalia Sodi Eeva Women US 8.5 Black Gladiator SandalReport Womens RUSSI Fabric Closed Toe Ankle Platform Boots, Taupe, Size 5.5 , botte marron nouvelle collection femme style motard 37Minnetonka Three Layered Fringe Boots Sz 8MBare Traps Womens callipso Almond Toe Knee High Fashion dark brown Size 8.0 n8Vasque St Elias GTX Bungee Cord/Silver Cloud Hiking Women's Boot 6.5MNine West Gabble Boots tan 8.5M , Seven Dials Oriole Women US 8.5 M Black Fabric Winter BootMaterial Girl Women's Melation Boot (6, Black) , Dr. Scholl's Womens charlie Almond Toe Ankle Fashion Boots Black Size 6.0 af21 , Kelsi Dagger Tempest Brown Black Leather Printed Calf Hair Ankle Boots, 7.5 , Bogs Women's Linen Print Dark Grey Rain Boot 7M , Women's Inc Black Faux Leather Knee High Fashion Boots Size 5.5 $179White Mountain Lefty Womens Size 6 Brown Faux Suede Fashion Knee-High Boots , Call It Spring Women's Lovelarwen Ankle Bootie, Taupe, 9 B USJessica Simpson Womens JS-WOVELLA Fabric Almond Toe Black Velvet Size 8.5 Lqmi , WOMEN'S JESSICA SIMPSON WHITE LEATHER SLOUCH WESTERN BOOTS BRAZIL 8.5 MRP 159.00 , Kamik Womens Jessie Rubber Closed Toe Mid-Calf Rainboots Grey Size 9.0 bhgUBare Traps Womens callipso Round Toe Knee High Fashion Boots Black Size 7.0 sv , WEATHERPROOF Mikayla Closed Toe Mid-Calf Cold Weather Boots, Black, Size 6.5
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 Earth Spirit Classics Ankle Booties Boots Brown Leather Women's Size 8 , Michael By Michael Shannon Womens Zoeyy High Heel Bootie Shoes, Taupe, US 8Cute Womens Stylish Warm Fur trim Pull on hidden heel Ankle Boots Casual US4-11J. Crew Women's Macalister Wedge Bootie Boots Caramel Size 9 , BareTraps Women's 9.5M Tatiana Riding Boot Dark Brown Knee Hi Lo Heel XLNT! Zip , Makalu California Womens 8.5M Madi Mid Calf Slip On Black Boots Faux Fur LiningCaterpillar Boots Size 7 Starry Nights Blue Canvas Leather Tall SN306109Sam Edelman Womens Yvie Leather Open Toe Ankle Fashion Boots, Black, Size 8.5 g0Lucky Mabina Women's Taupe Boot 8M$245,Lewit Cara Mule, shoes flats Size 39 M/ 8 US BeigeBEARPAW Beige Fur lined Tall Boots Womens Size W9Marc Fisher ‘Hulie’ Black Synthetic Velvet Over The Knee Boots Women's Size 8 MNIB Dansko Professional Clog in Bronze Metallic Leather , Lanvin Shoes 37 6.5 Black Ballet Flats Slip On Leather Womens Scrunch Topy GripRare Gold Authentic Pour La Victoire Leather Oxfords Women's Size 8.5 , Chocolat Blu "Tara" Driving Moc in Taupe Size 8.5 , Easy Street Women's Serenity Mule Tan 10 M USClarks Women's Keesha Donna Muleblack leather8 Medium USWomens Shoes Used Lot ---Earth Spirit, Cobbie Cuddlers, Basic Editions LeatherNIB AGL Attilio Giusti Leombruni Grommet Berry Suede Leather Ballet Flat 38/US 8 , Salvatore Ferragamo Women's VARINA11 GROSGRAIN Stampa/White/Multicolor , Cole Haan Womens Amandasam Closed Toe Loafers Pink/Taupe Size 6.0adidas Originals Women's Stan Smith Fashion Sneaker ~ 10 B(M) US, Black/RoseConverse All Star Daisy Pop Chuck Taylor Denim and Daisy Rare New High Top W/10VANS Off The Wall AUTHENTIC Prism Pink w WAFFLE Stamp Sole & Classic Tag FLAWLESWomen's NEW STEVE MADDEN WOMENS VALENT-L Flats , Women's womens DIOR shoes size 38 Flats , White Mountain BARLOW Faux Leather Round Toe Booties Stone Gray Sz R-6.5 L-6.0-M , Sanita Hedi Open Women comfy Clogs slippers suede leather wooden sole - NEW , Adidas Originals Superstar x Rita Ora White Black Shoes S81617 Limited Rare
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Material Girl Girl 25856 Women's Melation Black) Boot (7, Black) 70c2dcf Boots
Powered by VIP.