The Buzz
All markets and investing news all the time

Chinese Laundry localjoes-27758 ON YOUR FEET 27759 Natural Pink Pink Suede Leather Boots Sz 7M, 238c9e3




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: Chinese Laundry
Style: Mid-Calf Boots US Shoe Size (Women's): 7
Occasion: Casual Heel Height: Low (3/4 in. to 1 1/2 in.)
Width: Medium (B, M) Material: Suede
Color: Mauve/ Pink UPC: Does not apply

Chinese Laundry localjoes-27758 ON YOUR FEET 27759 Natural Pink Pink Suede Leather Boots Sz 7M, 238c9e3 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Chinese Laundry localjoes-27758 ON YOUR FEET 27759 Natural Pink Pink Suede Leather Boots Sz 7M, 238c9e3
Chinese Laundry localjoes-27758 ON YOUR FEET 27759 Natural Pink Pink Suede Leather Boots Sz 7M, 238c9e3 - 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%.

Chinese Laundry localjoes-27758 ON YOUR FEET 27759 Natural Pink Pink Suede Leather Boots Sz 7M, 238c9e3

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Chinese Laundry localjoes-27758 ON YOUR FEET 27759 Natural Pink Pink Suede Leather Boots Sz 7M, 238c9e3 - hollisbaker.com
About This Author
Chinese Laundry localjoes-27758 ON YOUR FEET 27759 Natural Pink Pink Suede Leather Boots Sz 7M, 238c9e3 - 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
 
Black Red White & Blue American Flag Ankle High Platform Sneakers Size 10Very Volatile Women's Gray Cowboy Boots 6Justin Blue Leather Horse Kiltie Roper Cowboy Boots Womens Size 4 B Style L0504Minnetonka Womens 7 Shoes Boots Moccasins Brown Suede Leather Booties Studded 37 , Women Boots Kitten Heels Style Fashion Mid Calf Leather Sz 8.5Women's Dolce Vita Soft Black Suede Silver Chains Ankle Boots Heels Size 8.5 M N , Khombu Letty Duck Boots Women's Size 7M Waterproof Shoes Navy Blue Brown , Women's Primigi Black Suede Knee High Boots Size 39 M , NEW WOMENS RESTRICTED BLACK AVERY BOOTS SHOES SIZE 8.5M 8.5 MKenneth Cole Reaction Suede Leather Brown Biker Zip Boots Women's 7.5 M Moto , Woman's Sugar Dark Brown Nuback Boot-NEW NO BOX-Size 6.5M , NEW Woman Cherokee Brown Boot size 5Dolce Vita (DV) Women's 9.5M Black Suede Bootie Ankle BootsWomen's Shoes Pull On Booties Stacked Heel Suede Ankle Height Comfort Shoes 5-10NINE WEST Boots Women's Size 8 High-Calf Tall Zip Black #B1652 , Kenneth Cole Reaction "Max It Up" Brown Leather Kitten heel Pumps with Bow Sz 7MEnzo Angiolini Tan / Brown Suede Ankle Boots Women’s Size 8BP Splash Black Rubber Knee High Rain Boots Women's Shoes Size 7 M , Women Wedge Booties Oxford High Heels Ankle Boots Shoes Platform Black TaupeReport Russi Black Womens Shoes Size 8 M Boots MSRP $69eurostep Hunter 8.5M Women's New Slingback Brown Leather Block Heel Open ToeBareTraps Womens Size 7.5 Zip Brown Booties Boots , Women's Circa Joan & David Hadliew Black Leather Knee High Boots Size 6 MZiGi Soho New Spraypaint Black Womens Shoes Size 8 M Boots MSRP $69 , Bare Trap Suede/Leather Winter Boots Casual Mid Calf Boots 6West Blvd Shoes Seattle Mid Calf Rain Boot OLIVE COLOR SIZE 7.5 , Women's Sam Edelman Tinsley Black Rubber Waterproof Ankle Boots Size 8 M , Style&co. Women's Pointed Toe Stiletto Heel Side Zip Mid Calf Boot Brown Sz 8Women's Aerosoles Allowence Black Wedge Heel Ankle Boots Size 10 M ,
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 Breckelle’s Women’s Ankle Boots Tan Booties Size 9 Chunky Heel Faux Suede NWOT , Woman leather winter boots black size 8 good conditionCowboy Boots Lady's Women's size 7m Real Leather Panama , DIBA LONDON - WOMEN - "RYDER" HIGH HEEL - AMIMAL - SIZE 8 1/2 M(B) (S-600)Anime Attack on Titan Unisex Adult Halloween Cosplay PU Fancy Shoes Knee BootsTommy Hilfiger Tall Brown Leather Boot Size 8m 4 Inch Heel Nwob , Black Round Toe Comfortable Winter Mid-Calf Boot Fur On Top/Inside Size 5.5Bandolino Women's Jorgen Knee-High Boots Black Size 7 M , G by Guess Womens Taylin 2 Closed Toe Ankle Fashion Black Fabric Size 8.5 TQ2cDemonia Deviant Knee High Sneakers 310 Calf Strap Buckles Women's 8 Men's 6Stuart Weitzman Corbata Red Womens Shoes Size 7 M Flats MSRP $398SAS ROAMER DENIM WOMEN'S BLUE LEATHER LOAFER SHOES NEW IN BOX , Women's Authentic Born Slip On Ballet Flat Shoe Julianne Black B78203NWT Eileen Fisher Sylvia Tan Suede Mule size 8.5LL BEAN BOMBER BROWN LEATHER BRAIDED CLOGS MULES 44 10 LADIES CASUAL , Twist2 Easy Spirit Medium Blue Womens Slip-On Size 8.5M , DANSKO Women's Beth Cognac Brown Napa Leather Cuban 2.5" Heel Slip On 7.5 EUCoutdoor Womens Wedge High Heel Zip Platform Sport casual athletic ShoesNIKE WOMEN'S AIR MAX 90 PRM SZ: WMNS 6 (896497 901) RETAIL: $130.00 , New FILA VOLANTE 98 Disruptor Sneakers Shoes - White/Navy/Yellow (FS1HTA3062X) , New Original Merrell Encore Q2 Breeze Women Slip On Shoes All Sizes Colors NIB , NIKE Flyknit Lunar 1 One Raspberry Volt Wmns US 9 40.5Asics Gel Frantic 6 Running Shoes Women Size 8.5 T1E5N Black Silver Pink , Women's Ladies Remonte Shoes R4010 FlatsLadies Round Toe Stilettos pull on Knee High Boots Rhinestone Suede Shoes size , Ecco Womens Ankle Boots Brown Leather Zip Buckle Strap Casual 3685 , Matisse Triumph Brown Leather Distressed Motorcycle Ankle Boots Pull On Size 8.5Womens Fur Trim Zip Buckle High Heel Platform Plus Sz US 4-13 Ankle Boots ShoesSKECHERS WOMEN’S SLIP RESIST Relaxed Fit Memory Foam Work Shoes Black-6.5 Wide , VANELi Women's Favor White Nappa/Black Grosgrain 7 M US ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Chinese Laundry localjoes-27758 ON YOUR FEET 27759 Natural Pink Pink Suede Leather Boots Sz 7M, 238c9e3 Boots
3829344
4326389
5054921
5647414
8441199
10247990
12589042
16669896
17357805
Powered by WordPress.com VIP.