The Buzz
All markets and investing news all the time

Minnetonka Brown 6 Three Minnetonka Level Tassel Native SZ American Style Moccasin Boots SZ 6 efd5d8d

Item specifics

Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Brand: Minnetonka Moccasin
Width: Medium (B, M) Style: Mid-Calf Boots
Material: Leather US Shoe Size (Women's): 6
Fastening: Pull On Color: Brown
UPC: Does not apply

Minnetonka Brown 6 Three Minnetonka Level Tassel Native SZ American Style Moccasin Boots SZ 6 efd5d8d -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Minnetonka Brown 6 Three Minnetonka Level Tassel Native SZ American Style Moccasin Boots SZ 6 efd5d8d
Minnetonka Brown 6 Three Minnetonka Level Tassel Native SZ American Style Moccasin Boots SZ 6 efd5d8d -

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%.

Minnetonka Brown 6 Three Minnetonka Level Tassel Native SZ American Style Moccasin Boots SZ 6 efd5d8d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Minnetonka Brown 6 Three Minnetonka Level Tassel Native SZ American Style Moccasin Boots SZ 6 efd5d8d -
About This Author
Minnetonka Brown 6 Three Minnetonka Level Tassel Native SZ American Style Moccasin Boots SZ 6 efd5d8d -
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
BOHO Women Cowboy Denim Mid Calf Boots Block Heel Vintage Zip Jean Shoes US8 , Women's Rock & Candy sherpa lined ankle Orianne boots brown sz 7.5 NEW!BOC Cleo Wide Calf Boot • Women's Size 7.5 M, Brown (Repair)Dr Martens Women's Size 3 Low Top Boot/Shoes Black Leather, Great Shape , Ann Taylor Ankle Boots sz 10 Brown Leather Snake Embossed Zip Up Booties NEW , Minnetonka Ladies 6 Ankle Moccasins Gray Suede Ankle Boots Fringe Rear ZipSam Edelman sz 6.5 Louie Black Suede Fringe Western Boots Ankle BootieTan Booties w/ Side Pleat and Buckle-- Women's size 7.5 , Bare Traps Sz 7.5 Womens Roma Booties Boots Black Heeled Side ZipClarks Artisan Collection Womens Black Leather Ankle Boots Shoes size 8 M , Dansko Sheena Nubuck Bootie Wedge Heels 38 7.5Cole Haan Brown Leather Croc Embossed Tall Calf Zip Riding Style Boot SZ 6.5B , Steven by Steve Madden Brown Leather Above the Calf Women's Zipper Boots Size 7J. Crew Italy Beige Suede Leather Ankle Bootie Wedge Heel Size 9Danexx Sterling Black Leather Slip On Ankle Boots Size 7.5 MDV Dolce Vita Womens Ettie Block Heeled Fashion Bootie Taupe Size 10 , Women Winter New Thicken Faux Fur Boots High Heel Suede Side Zip Platform Hai12Women's LIZ CLAIBORNE Black Leather Wedge Zip Ankle Boots Size 10M , Women's over the knee high boots studded Hidden wedge heel knight Casual shoes # , NEW Jeffrey Campbell 'Stormy' Rain Boots, White Shiny, Size Women 8NEW!! EVERLAST 'Piper 2' Winter Boots w/ Faux Fur Lining -Navy -Women's Size 7 , Women's Sole Society. (QVC) Black Leather Tall Fashion Boots Size 8 & 1/2 , Tundra Alice Boots - Women's Size 7, BlackWomen's Oxford Block Mid Heel Round Toe Side Zip High Top Ankle Boots Shoes New , J. Crew Brown Leather Knee High Mid Heel Zip Up Boots Size 6.5Cole Haan Women’s Brown Leather Zip Up Mid Calf Ankle Boot Heel SZ 5B , women shoes button buckle strap slouch lining cuffed rivet knee high boots Size , Anne Klein women's boots size 7m chocolate brown suede , Via Spiga Dark Brown Leather Knee High Zip Up Heel Boot Size 8M
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 Womens Sz 7 M Suede Leather Ankle Retro Boots by Mossimo Supply CoZARA High Heel Ankle Boots/Shoes w/Gathered Detail US//37; 7.5/38; 8/39 , Bandolino Boots Size 9.5 EUC no wearLadies Shoes Synthetic Leather High Block Heels Zip Over Knee Boots US Size b203 , Minnetonka Tall Faux Fur Top Leather Boots Women's Size 9 Brown Suede Southwest , STYLE & CO LADIES/WOMEN BROWN LEATHER SUEDE FAUX FUR BOOTS SIZE 7 M , Rebel by Zigi Womens nanon Closed Toe Ankle Fashion Boots, Red, Size 5.0Vera Wang Lavender Label Womens Boots Size 8 Black Leather Block Heel Booties , ladies Spot On Calf Length Buckle Flat Boot, F5399, Available In 3 ColoursCOLE HAAN D17835 Wo's 6.5M Black Stretch Suede Kitten Heel Knee High Boot , White Mountain Colisa Women's Ankle Bootie - Black - New in Box , New Enzo Angiolini 'Sayin' Black Leather Tall Riding Boots Women's Size 6.5 M *Thalia Sodi Womens Vada Brown Riding Boots Shoes 9 Wide (C,D,W) BHFO 0328 , New Steve Madden Lanzzo suede women's boots sz 9Dolce Vita Spur Beige Womens Shoes Size 9 M Boots MSRP $175SANTONI Shoes 549087 Grey 37 , Dansko Professional Clog Antique Brown Oiled Leather - US 10 - was $125New Circa Joan & David Woman Black Patent Leather Flat Comfort Moccasin Shoe$285 Rebecca Minkoff Cheetah Print Pony Hair Zipper Trim Cap Toe Loafers 6 36 , FENDI Tan Monogram Canvas Bronze Leather Car Shoes Flats, Size 39, 8.5 or 9Shellys London Women's Frankie Oxford Flat - Choose SZ/ColorASICS Womens - Blue Running Shoes Size 7.5 (359225)Reebok Womens - Purple Running Shoes Size 6.5 (361639) , POLO RALPH LAUREN MATALYN RED SUEDE FLATS SIZE B US 6B MADE IN SPAINReef Women's Girls Walled Low TX Fashion Sneaker - Choose SZ/Color , Women's Nike shoes women size 10 Athletic ShoesWomen's Dior Dior Couture Heeled Slipper Flats , womens long booties Party Ladies Riding Flat Hipple Knee High Boots US 4-11 , NEW MAX MARA MM41 Navy Perforated Suede Leather Sneakers Shoes size 36.5 US 6.5 , Sanita leopard fur clogs size 40 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Minnetonka Brown 6 Three Minnetonka Level Tassel Native SZ American Style Moccasin Boots SZ 6 efd5d8d Boots
Powered by VIP.