The Buzz
All markets and investing news all the time

NEW Riding Tall Over The Knee High Fashion Women Riding 27282 Boots Equestrian Western Fashion Shoes 5561f9e




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: B
Material: Man Made Style: Riding, Equestrian
Heel Type: Block Heel Height: Low (3/4 in. to 1 1/2 in.)
Fastening: Zip Color: Black, Taupe, Tan

NEW Riding Tall Over The Knee High Fashion Women Riding 27282 Boots Equestrian Western Fashion Shoes 5561f9e - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
NEW Riding Tall Over The Knee High Fashion Women Riding 27282 Boots Equestrian Western Fashion Shoes 5561f9e
NEW Riding Tall Over The Knee High Fashion Women Riding 27282 Boots Equestrian Western Fashion Shoes 5561f9e - 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%.

NEW Riding Tall Over The Knee High Fashion Women Riding 27282 Boots Equestrian Western Fashion Shoes 5561f9e

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
NEW Riding Tall Over The Knee High Fashion Women Riding 27282 Boots Equestrian Western Fashion Shoes 5561f9e - hollisbaker.com
About This Author
NEW Riding Tall Over The Knee High Fashion Women Riding 27282 Boots Equestrian Western Fashion Shoes 5561f9e - 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
 
Naturalizer Women's Rebecca Bootie Modern Grey Stretch Textile Size 6 MRoma Womens Emma Tall Waterproof Rain Boot Rubber Grey Size 5 MJessica Simpson Womens Remni Peep Toe Ankle Boot Mushroom Nubuck 5.5 M USBillabong Women's Take a Walk Western Ankle Boot Chestnut Brown Size 10 MBrinley Co Women's Lanet Ballet Flat, Pink, 7 Regular USNaughty Monkey Womens Stride Chelsea Boot Tan Suede Size 6 M USPropet Womens Delaney Ankle Boot Sand Suede Size 6.5 2A Narrow USLucky Womens WESSON 2 Studded Ankle Boot Black Suede Size 8.5 M USTahari Womens Selena Heeled Ankle Bootie Slate Grey Velvet Embossed Size 7.5 MTan Round Toe Silver Studs Ankle Straps Comfortable Sexy Ankle Boot Size 5.5 , Aerosoles Womens Hole Of Fame Mid Calf Boot Dark Brown Leather & Snake 5 M US , Nine West Womens Holdon Pull On Chelsea Ankle Bootie Brown Leather Size 6.5 M , Nine West Women's Xperian Over The Knee OTK Stretch Boot Black Metallic 7.5 M , Naturalizer Women's Rebecca Bootie Modern Brandy Brown Stretch Textile 6.5 Wide , Ladies Spot On Ankle Boots F50326Luichiny Womens Express Lane Snow Boot Knee High Black Size 8 USWomens Solid Side Zip Ankle Boots Fringe Decor High Stiletto Heel Autumn Shoes , Report Womens Deryn Ankle Bootie Slouch Black Size 6.5 M US , Michael Antonio Womens Lake Ankle Boot Winter White Size 8 MMadden Girl Womens Boloo Ankle Bootie Taupe Fabric Size 7 M US , Fashion Women PU Leather Knit Buckle Ankle Boots Medium Hidden Wedge Heel , Khombu Womens Ashlyn Snow Boot Waterproof Black Size 6 M USKenneth Cole NY Womens Karter Mid Calf Faux Fur Winter Boot Natural Size 7 M USAerosoles Womens Trustworthy Back Zip Ankle Bootie Mushroom Suede Size 8.5 M , Women's Combat Style Ankle Boots with Hidden Side Pockets,8 BM US,Camouflage , Womens Ankle Boots Buckle Strap Block Heels Pull on Casual Shoes Autumn Plus SZnew ladies Gray 1"Low Heel Back Zip Sexy Knee Boots Size 6.5 , ZiGi Soho Womens Karlie Ankle Wedge Bootie Grey Faux Suede Size 7.5 M , Black Round Toe Sexy Comfortable Faux Leather Ankle Boot Side Buckles Size 6 ,
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 Fringed Ankle Boots Size 8 Women's Fringe Heels Shoes Dangling Straps By Forever , Steven by Steve Madden "Dacy" Double Zip Bootie , Red 5.5" High Wedge Heel 1.5" Platform Round Toe Mid-Calf Sexy Boots Size 9 , Breckelle Lycra Black Stretchy Over the knee Boots Lug Sole Heels Women's shoes , Aerosoles Fact Fiction Ankle Booties 209, Black Leather, 9 USZara Baby Girl Leather Ballerinas With Bow Pink Size 6 NWTNew Steve Madden Sania Boots Womens Black Patent size 7.5 , AIRWALK NIA Womens Shoes COZY ANKLE BOOTS Rain WINTER Snow CASUAL GRY Size 8 NEWArizona Jean Company Cody WC Womens Black Knee High Boots Size 6MBAREFOOT By DREW Womens ELITE Oxford Sneaker Shoe Size US 7.5W (10145-22)Comfortiva Womens Cassandra Leather Closed Toe Oxfords , NIB nolid Antonio Melani Heather Ballet Flat Loafer Navy Suede Womens Sz 8.5 $98 , Franco Sarto Womens Heathrow Gray Ankle Boots Shoes Size 6.5 MediumNEW Matt Bernson Women's 'Marlow' Raffia Bootie - 11Valentino Garavani Black Leather Rosette Embellished Ballet Flats SZ 39.5Womens Allrounder by Mephisto 'Lara' espresso fashion sneakers/ shoes sz. 9 M , Rockport Cobb Hill Women's Petra Mary Jane Flat Brown 9.5 M USCole Haan Womens Garnet II Closed Toe Boat Shoes Rainstorm Size 6.0 , Skechers Women's Synergy 2.0 Fashion Sneaker - Choose SZ/ColorSkechers BOBS From Women's Phresh Fashion Sneaker , New Balance Womens 5000v3 Track Spike Running Shoe- Pick SZ/Color. , Adidas Womens Asmc Barricade Boost Pink Running Shoes Size 9 (19529) , Drew Womans Blazer Black Calf Size 10.5 Barefoot Freedom New , Nike Womens White Fashion Sneaker Size 7.5 (35236)Skechers Women's Empress Lets BE Real Sneaker - Choose SZ/ColorKamik Womens Waterbug5g Black Rainboots Size 6 (249895) , Womens side Zipper Fur bowknot Platform Stiletto High Heel Round Toe Ankle BootsWomen's Over the Knee Boots Stiletto Heel Buckle Pointy Toe Casual PU LeatherSteve Madden Women's Becca Platform Slip-On Sneaker Silver Synthetic , ASICS Women's Gel-Lyte V Fashion Sneaker - Choose SZ/Color ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
NEW Riding Tall Over The Knee High Fashion Women Riding 27282 Boots Equestrian Western Fashion Shoes 5561f9e Boots
393354
3672520
4870385
7528609
7570409
11128714
13118012
17668770
18282819
Powered by WordPress.com VIP.