The Buzz
All markets and investing news all the time

Aerosoles New Vitality localjoes-27798 Black 27798 MSRP Womens Shoes Size 8 M Boots MSRP $129 1564a4a




Item specifics

Condition:
New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Brand: Aerosoles
Color: black Style: Vitality
Heel Height: Med (1 3/4 in. to 2 3/4 in.) Model: Vitality
Material: synthetic MPN: Does Not Apply
US Shoe Size (Women's): 8 Width: Medium (B, M)
Calf Width: Normal UPC: 630260542028

Aerosoles New Vitality localjoes-27798 Black 27798 MSRP Womens Shoes Size 8 M Boots MSRP $129 1564a4a - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Aerosoles New Vitality localjoes-27798 Black 27798 MSRP Womens Shoes Size 8 M Boots MSRP $129 1564a4a
Aerosoles New Vitality localjoes-27798 Black 27798 MSRP Womens Shoes Size 8 M Boots MSRP $129 1564a4a - 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%.

Aerosoles New Vitality localjoes-27798 Black 27798 MSRP Womens Shoes Size 8 M Boots MSRP $129 1564a4a

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Aerosoles New Vitality localjoes-27798 Black 27798 MSRP Womens Shoes Size 8 M Boots MSRP $129 1564a4a - hollisbaker.com
About This Author
Aerosoles New Vitality localjoes-27798 Black 27798 MSRP Womens Shoes Size 8 M Boots MSRP $129 1564a4a - 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
 
NEW M MISSONI WOMENS ZIGZAG RAIN RUBBER BOOTS SZ 10 - EU40 MADE IN ITALYConverse Periwinkle Blue & Green BAJA EVA Platform XHI 13-Eye Shoes Wms NEW DISCFIDJI Women's 36 5.5 Booties Distressed Leather Brown Wrap Strap Ankle Boots EUC , Vince Camuto New Prini Brown Womens Shoes Size 7 M Boots MSRP $198Aldo Suede Rabbit Fur OTK Knee High Boots 36 6 Black Shoes Pirate Costume Gothic , NIB Lucky Brand Ritten Tall Boot Suede BRINDLE Size 8Cole Haan Winter Ankle Boot - Women's Size Unknown Black , Franco Sarto Leather Tall Zipper Boots Black 7M NEWBorn Crown BOC New Brown Leather Knee High Equestrian Riding Boots Heels sz 8 39Mona Mia Maxima FX Suede Stretch Black Banana Heel Knee Boots 6.5 - 7.5 , A35 Vandela2 Back Strap Ankle Booties, MalbecVintage LL bean Boots Hunting Shoe 7 Women’sNWT Tony Bianco Diddy Boot Green Size 5 , Sam Edelman Patton 2 Riding Boot - Women's Size 8M, BlackINC International Concepts Laini Women's Boots MushroomCollin Stuart Black Leather Ankle Boots W/zip Up Back 3" Heels N.I.B. , Jack Rogers Deborah Booties - Women's Size 6 M, CharcoalNina Wheeler Ankle Booties - Women's Size 9 M - BlackCosmo Corso Briarcliff Heel - Women's Size 7.5M Dark CharcoalElizabeth and James Red Leather Paul Chelsea Bootie Size 7.5 , Aldo Sz 9 Tan Brown Suede Leather Western Ankle Block Booties Boots Snack 4Heels , Clarks Breccan Myth Gray Womens Shoes Size 7.5 M Boots MSRP $140 , Converse Black & White Safari ZEBRA Stripes HI TOP Shoes Wms DISC Unique Fun NEW , Steve Madden BLACK SEQUIN BOOTS 7.5 M Carnby-S Platform SHOES 7 1/2 FABULOUSWomen's KBR Shoes Black Leather Short Ankle Boots Size NEW! RTL $300 , New Zara Thigh High Boots Size 8 , Kenneth Cole NY Jack Cement Over Knee Heels Women's Boots Size 5.5 , MUSTANG ETHNICS Spain Black Leatther Slouch Fashion Boots Womens Size 40 EUR , Dolce Vita Iona Suede Ankle Boots, Women's Size 8, Dark Taupe
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 adam tucker me too ankle bootiesMoxie Trades 6" Vegas AT Composite Plate Women's Black/Pink Work Boots 7.5/7MWOMEN BROWN BOOTS SIZE 38 7 AMALIA BRONX HEEL 2.5 IN POINTY TOE A60Zodiac Brown Leather Cowgirl Western Country High Heel Boots Shoes Cowboy 9 New , Lands End Winter Boots Womens US 6.5 Mid Calf BlackINC International Concepts Womens Herbii Closed Toe Ankle Fashion Boots , MINNETONKA Gray Suede Leather Ankle Booties Short Boots 2-Layers Fringe 5 Women , Durango RD1502 Handcrafted Blonde Leather Womens 8 M Cowboy BootsLauren Ralph Lauren Women's Rossalyn II Rain Boots Brown Sage Plaid Size 5B , Madden Girl Derail Knee-high Boots Sz 6.5 US / 36 1/2 EU $89 NWOBSteve Madden Panelope Womens Shoes Size 9 Brown Ankle Boots Leather Heels , ROMA $92 Rainboots Black Size 7 women's EPAGA MATTE BLACK WOMEN'S RAIN BOOTS , Womens Booties Brown Leather Wedge Biala Distressed Size 37M US SIZE 7 NWOTDr Martens Shoes Persephone Style Ltd Edition U.S. Size 9 Free Shipping!! , VINTAGE Billy Martin's Black Leather Western Cowboy Boots JUSTIN SZ 5BNurse Mates Womens Faxon, White, Size 8.0 , MOSSIMO SUPPLY CO Davidson Motorcycle Biker Harley Boots Womens Shoes Sz 8.5 , J.Crew Nora Cap Toe Chain Ballet Flats 13586 In Natural Brown Sz. 8.5 $150 , Bally Ruta Women's White Lowheel Gold Horse Bit Shoes Made In Italy Size 8M , NEW GIUSEPPE ZANOTTI OUTSEASON WOMENS SANDIE , 100% Authentic Jimmy Choo Leather Studded Long Boots Grege Unused Z527 , Giuseppe Zanotti Navy Velvet London High-Top Sneakers Womens size 9.5 / 39.5 , Frye Women's Carson Tip Ballet Flat , Superga Womens Gray Canvas Fashion Sneakers Shoes 6 Medium (B,M) BHFO 1593Skechers Bikers - Free Thinker Chocolate Choc Womens Mary Jane Size 8MKeds Women's Glimmer Linen Fashion Sneaker - Choose SZ/ColorPUMA Women's Fierce Slip-On Wn Sneaker , Women's ladies Rieker Shoes 40089-W Flats , new Black 5"High Heel Round Toe Side Buckles Sexy Ankle Boot Size 6 , Pleaser Women's Sexy 22 Pump White/Black Patent Evening Shoes ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Aerosoles New Vitality localjoes-27798 Black 27798 MSRP Womens Shoes Size 8 M Boots MSRP $129 1564a4a Boots
477414
5873745
7049842
7877466
7932700
9083201
13289048
18575283
18654308
Powered by WordPress.com VIP.