The Buzz
All markets and investing news all the time

Nancy Li Boots Betty Black US Uppers Betty Size US 7.5 Real Fur Real Leather Uppers Brand New! 4b043df

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
Country/Region of Manufacture: China
Heel Type: Stiletto Heel Height: High (3 in. and Up)
US Shoe Size (Women's): 7.5 Fastening: Zip
Pattern: Solid Material: Leather
Style: Mid-Calf Boots Color: Black
Brand: Nancy Li Occasion: Wear anywhere you dare
Width: Medium (B, M)

Nancy Li Boots Betty Black US Uppers Betty Size US 7.5 Real Fur Real Leather Uppers Brand New! 4b043df -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Nancy Li Boots Betty Black US Uppers Betty Size US 7.5 Real Fur Real Leather Uppers Brand New! 4b043df
Nancy Li Boots Betty Black US Uppers Betty Size US 7.5 Real Fur Real Leather Uppers Brand New! 4b043df -

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%.

Nancy Li Boots Betty Black US Uppers Betty Size US 7.5 Real Fur Real Leather Uppers Brand New! 4b043df

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Nancy Li Boots Betty Black US Uppers Betty Size US 7.5 Real Fur Real Leather Uppers Brand New! 4b043df -
About This Author
Nancy Li Boots Betty Black US Uppers Betty Size US 7.5 Real Fur Real Leather Uppers Brand New! 4b043df -
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
Rampage Venice 10-M Women's Mid-Calf Boots Black Faux Suede Boots Size 10MMinnetonka Womens Size 5 Cinnamon Brown Suede Fringe Back Zipper Ankle BootsAldo Brown Leather Tall Motorcycle Boots Harness Studded Buckle women's 8 (b53) , Ivanka Trump "Frankly" Women's Taupe Suede Zip Up Ankle Boots Size 8 M , Matisse Tan Leather Knee High Riding Casual Boots Women's 6.5 B , Sam Edelman Louie brown leather fringe ankle boots NEW Size Sz 6.5 MWomans Very Volatile Western Boots size 8 , NEW NATURALIZER TIPLEY BOOTIES/ANKLE BOOT SIZE 10.5M BURGANDY , Karen Scott Majar Brown Womens Shoes Size 8.5 M Boots MSRP $69.99bionico Snow Cold Wether boots Sz 9 M Tan-tope LeatherKalso Earth 9B Nomad Mercury Suede Tan Ankle Boots Fleece LinedSperry Top-Sider 9531393 Hikerfish Ankle Boots Womens Black Leopard Red Print 8MNEW WOMENS MONROE & MAIN BLACK CRISS CROSS BANDED BOOTIES BOOTS SIZE 10 MCanyon River Blues Womens Moccasin Boots Suede Brown Leather size 7Women's Sz 9.5M Alfani Heels Knee High Boots Leather Nice , Born Disressed Leather Womens Ankle Boots Size 8 , Madison By ShoeDazzle Velvet Navy High Heels Booties Size 9 , Clarks Bendables Madi Purple Suede Leather Ankle Boots 6.5 W , high heel platform ankle boots size 11 , New Gray Boots w/Floral Embroidery Women's Size 10 , BFS-8MA Franco Sarco Buckeye Women's Tall Black Leather Boots, Size 8M US , CLOUDWALKERS BLACK WEDGE HEEL TALL BOOTS WIDE CALF 9 W , Bjorndal Ankle Boots Tan Brown Suede 1" Heel Women's Size 8 M Lined , Jambu Women's Rossella Chukka Boot Size 6 New in Box Khaki fun / water resistant , Fererra By Henry Ferrera Black Wedge Sandal NIB Size 9.5 , Enzo Angiolini SHEPLEY Womens Brown Pebbled Leather Knee High Riding Boots Sz 10Women's Rampage Ram-Careese Cognac Micro Fringed Boots Size 8 1/2 ReceiptWomen's Athletech Plaid Pink and Black snow boot, size 10M , Enzo Angiolini Women's Daniana Brown Us 6M
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 NEW Aeropostale Women Faux Suede Fur Buckle Core Boots Bootie Black Size 7M -NEW , MADELINE STUART Sz 9M HALE Dark Brown Faux Leather Fashion Boots Heels Mid CalfFranco Sarto Brown Tall Knee High Block Heel Fashion Boots Women's 7 1/2MAT Tall Black Boots Womens Size 9Womens Black 1.5" Low Block Heel Buckles Sexy Knee Boot Size 7LADIES B.A. STAR TRUFFLE MID-CALF LOW HEELED BOOTS "D34AH1102S" , Laredo Women's 6.5 M Brown Leather Ankle Boots Cowboy Ropers Kiltie Grannie~1D-8 , New Bare Traps Radha Waterproof Women Boots Sz 8.5 dg , Joan Boyce Gabby Ankle Boots Black Rhinestone Accent Faux Fur Trim Size 9.5 WXOXO Womens Aldenson Fabric Closed Toe Ankle Fashion Boots Black Size 7.5 t7Ir , FRYE BOOTS VINTAGE TALL TAN CAMPUS LEATHER PULL ON BOOTS 5B 1970s Black Label , Women's Dan Post Brown Marbled Leather Cowboy/Western Boots Sz.7 MINT! , Aerosoles Womens Good Fun Boot- Pick SZ/Color.New Circus by Sam Edelman Women's Gatson Combat Boot women's sz 7 , crocs Crocs Womens Neria Pro Graphic Clog W Mule- Select SZ/Color.La Canadienne Suede Waterproof Shoes (Size 42) , Ivanka Trump Women's Presli Ankle Boot, Gray, 10 Medium USUnisa Womens Adivan 3 Closed Toe Over Knee Fashion Boots, Black, Size 8.5 iPPIQupid Nubuck Scallop Trim Cutout Almond Toe Ankle BootiesNocona Black Cowboy Boots Lizard W/ Leather Upper 5 1/2 B , Tory Burch Aurora Patent Leather Embellished Ballet Flats SZ 7 NEW Coral Tomato , Womens Dansko Professional Box Black Casual Dress Pro Clogs 006020202 Size 37-42TARYN ROSE Leather High Heel Pumps Size 5 1/2 US 35 1/2 Tan Black ItalyAsh Lifting Casual Shoes - Women's Size 7, Black , New Women's Clarks CLOUDSTEPPERS Sillian Stork Sand Size 8Attilio Giusti Leombruni Buckle Ballet Women's Black Leather Flat Sz 37.5 1031 , Fratelli Rossetti moccasin ,black leather, women's shoe size, /8Rara Avis Iris Apfel Suede Smoking Loafer Dodo Bird Sequin Tan Flats Size 7.5adidas Forest Grove W Shoes Salmon Women B37990Merrell Women's Ember Ballet Fashion Sneaker - Choose SZ/Color
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Nancy Li Boots Betty Black US Uppers Betty Size US 7.5 Real Fur Real Leather Uppers Brand New! 4b043df Boots
Powered by VIP.