The Buzz
All markets and investing news all the time

Call It Spring Womens Talchuano-99 Closed Toe Ankle, Black Ankle, Toe Closed Velvet, Size 8.0 bf646a3




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: Call It Spring
Material: Synthetic Style: Riding, Equestrian
Pattern: Solid Width: Medium (B, M)
Occasion: Casual Color: Black
US Shoe Size (Women's): 8 Heel Type: Block
UPC: 685393217152

Call It Spring Womens Talchuano-99 Closed Toe Ankle, Black Ankle, Toe Closed Velvet, Size 8.0 bf646a3 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Call It Spring Womens Talchuano-99 Closed Toe Ankle, Black Ankle, Toe Closed Velvet, Size 8.0 bf646a3
Call It Spring Womens Talchuano-99 Closed Toe Ankle, Black Ankle, Toe Closed Velvet, Size 8.0 bf646a3 - 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%.

Call It Spring Womens Talchuano-99 Closed Toe Ankle, Black Ankle, Toe Closed Velvet, Size 8.0 bf646a3

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Call It Spring Womens Talchuano-99 Closed Toe Ankle, Black Ankle, Toe Closed Velvet, Size 8.0 bf646a3 - hollisbaker.com
About This Author
Call It Spring Womens Talchuano-99 Closed Toe Ankle, Black Ankle, Toe Closed Velvet, Size 8.0 bf646a3 - 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
 
PRE-Owned Chooka Top Solid Rain Boot Women's Navy 10M , EUC Totes Womens Size 7 M Black Fur Trim Side Zip Eve Winter Snow Boots , Caterpillar 6" Dryverse Women's Black Waterproof Work Boot 7.5M , Nice Dark Brown KAMIK Felt Lined Snow Boots US Sz 3 , New - Women's Marais USA Chukka Black Suede Ankle Boots Size 8Khombu North Star Women's Tan Snow Boot 6M , Style & Co. Womens Vedaa Closed Toe Knee High Riding, Black/Barrel, Size 9.5 , Helly Hansen CTCP PU Welded Workwear Men's Green/Black Hiking Boot's 8M , Fleece Lined Beige Suede EDUARDO NERO Italy Apres Ski Boot Sz US 6 , Fluxa forest green ankle boots size 8 , Steve Madden Pink Crushed Velvet Ankle Boots Size 7 NEW 3 1/4" Heel , Lowa Women's Renegade GTX Mid Red Hiking Boot 9.5M , RSVP Ranch Brown Leather Fashion Boots Euro 40 US 9/9.5 , DE Blossom Genova Sherpa Cuffed Black Womens Boots Size 7 Brand New , Merrell Moab 2 WP Low Women's Granite Hiking Shoes 7.5M , Ann Taylor Black Leather Snakeskin Zipper Ankle Boots Booties Heels Size 11 MWomens LONDON FOG Brown Leather Ankle Boots Size 9MCARLOS BY CARLOS SANTANA Chorus BLACK Suede Embroidered BOOT 6 ½ FASHION KNEECofra Women's Brown Work Boot 10.5M , The North Face Womens Ultra Fastpack Mid GTX WP Vibram Trail Hiking Boots Sz 10 , New LUICHINY Phone Booth Brown Moto Zipper Tall Knee High Riding Boots Womens 6Justin Boots Womens Western Square Toe Cowboy Embroidered Size 6.5 B Brown Blue , Brinley Co Women's Akara Ankle Boot, Stone, Size 8.0 , Western Town Red Suede Ankle Hiking Women's Moccasin Style Boots Size 7 NEW , BRAZIL BLACK WHITE MOUNTAIN PALM SPRINGS BOOTS HIGH HEEL BIKER BOOTS SIZE 10 M , 143 Girl Arlington Womens Size 6 Tan Fabric Winter Boots , Mia Gambit Women's Taupe Platform Boot 7.5MBeautiful Sam Edelman Women Sneakers Size 8Steve Madden Inka Suade Boots - Tan 7.5 ,
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 BareTraps Rosie Boots Black Women's Shoes Size 7 M NEWDolce Vita 8.5 Ankle Boots Suede Buckle Heels Womens Beige Brown Strappy , Ladies Spot On Riding Boot Style Wellington Boot , AIRWALK NIA Womens Shoes COZY ANKLE BOOTS Rain WINTER Snow CASUAL Size 8 NEW $50LL Bean Duck Boots Shoes Womens 7 Vintage Gummed , Women's Vince Camuto Hinge Black Suede Ankle Booties Size 9.5 M , Franco Sarto Owens Ankle Boots 721, Black, 7.5 US / 37.5 EU , Blowfish Women's Stay Knee-High Leather Boot , Vince Camuto VC Baileys Womens Size 8B Platform Slip On Gray Fabric Ankle Boot , Durango Ladies Brown Ostrich Embossed Boot DRD0149 , NWT NIB Womens Steve Madden Brown High Boots size 8.5LifeStride Women's Maximize Riding Boot, Dark Brown, Size 6.5Women’s BearPaw Boots Shearling Shaggy Size 7Ariat Fatbaby Womens 7.5 B Brown Ostrich Print Leather Suede western Boots shoes , Dr Martens Brown Leather Shoes US Womens Sz 8 US Mens Sz 7 FREE RETURN , Lucky Brand New Khoraa Gray Womens Shoes Size 5 M Boots MSRP $139 , NIB AUTHENTIC TORY BURCH BLACK ROMY BALLET SHOES LEATHER WITH GOLD LOGO 9.5 , Tory Burch Claire Ballet Flats Size 9 Blue White Floral Gold Career/Casual ShoesJimmy Choo brown and gold tone slippers size 9Bandolino Womens Open Toe Dress Shoes Black w/ Flower Embellishments 8 MediumSalvatore Ferragamo Womens Leather Dress Slip ons Burgundy Size. 9 (EXCELLENT)Donald Pliner Renee Velvet Lug Loafer, 6, Black , Naturalizer Women's Clarissa Slip-on Shoe Black 8 W USNEW $1100 DOLCE & GABBANA Shoes Silver Leather Studded Crystal Loafer EU37/US6.5Nike Air Max 90(GS) 317942-912 36 38,5Reebok Women's CL Lthr Shimmer Walking Shoe - Choose SZ/Color , Skechers Vaso Pintar Womens Fashion Sneakers Grey w/Silver Paint Splattered Size , Women's Seychelles Women's Exploring Flat Flats , Muk Luks Andrea 4-in-1 Boots with Reversible Boot Sweater Size 9 NWT BrownASICS S751N.9601 Womens Gel-Fit Sana 3 Cross-Trainer Shoe- Choose SZ/Color. ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Call It Spring Womens Talchuano-99 Closed Toe Ankle, Black Ankle, Toe Closed Velvet, Size 8.0 bf646a3 Boots
3686433
3811827
5558545
7520159
10816097
12758946
15328857
15338462
18199118
Powered by WordPress.com VIP.