The Buzz
All markets and investing news all the time

Women Ankle Boots Boots Faux localjoes-18782 Suede Low Cut Size Block Heel Slip On Plus Size Casual Shoes dbfec5e




Item specifics

Condition:
New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Country/Region of Manufacture: China
Pattern: Solid Style: Ankle Boots
Occasion: Casual Fastening: Slip On
Brand: Unbranded Heel Height: Low (3/4 in. to 1 1/2 in.)
Heel Type: Block Material: Suede
Toe Type: Round Toe Width: Medium (B, M)
Heel: 4Cm=1.57Inch Theme: Casual

Women Ankle Boots Boots Faux localjoes-18782 Suede Low Cut Size Block Heel Slip On Plus Size Casual Shoes dbfec5e - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women Ankle Boots Boots Faux localjoes-18782 Suede Low Cut Size Block Heel Slip On Plus Size Casual Shoes dbfec5e
Women Ankle Boots Boots Faux localjoes-18782 Suede Low Cut Size Block Heel Slip On Plus Size Casual Shoes dbfec5e - 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%.

Women Ankle Boots Boots Faux localjoes-18782 Suede Low Cut Size Block Heel Slip On Plus Size Casual Shoes dbfec5e

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women Ankle Boots Boots Faux localjoes-18782 Suede Low Cut Size Block Heel Slip On Plus Size Casual Shoes dbfec5e - hollisbaker.com
About This Author
Women Ankle Boots Boots Faux localjoes-18782 Suede Low Cut Size Block Heel Slip On Plus Size Casual Shoes dbfec5e - 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
 
Miss Sixty CLARK Strappy straps black leather Ankle boots shoes 38.5/8 , Intentionally Blank Pepper Leather Boots size 39/9 brown nasty galJ Crew Womens Booties Size 11 Beige Suede Side Zipper Stiletto Heel9 West Vintage America "Dawne" Suede Ankle Boots Booties Taupe Sz 10 , Giani Bernini Women's Oleesia Comfort Ankle Booties Size 7 Gray , NEW WOMENS BLACK OVER THE KNEE EMBELLISHED FAUX LEATHER BOOTS , Aerosoles Aerolite Womens Ankle Boots Size 9 Medium Leather Khaki Green , Bar III Womens Nimble Suede Closed Toe Ankle Fashion BootsTony Lama Western Cowboy Boots Embroidered Lizard Print 6 1/2 B Black on BlackBCBG Generation Jasper Black Leather small heel slouch TALL KNEE HIGH BOOTS 6.5NOCONA WOMENS 6.5 C BROWN LEATHER ROUND TOE WESTERN COWBOY BOOTS ROPERS , Hot In Hollywood Black Suede Metallic Strap Slouch Heel Boots 8.5 W NEW , Kenneth Cole Reaction Gina Boots Size 6 Zip up Riding Style Brown Boots , Bjorndal Womens Rachel Wedge Chukka Bootie Shoes, Taupe, US 6.5 , Biala Beautiful Black Italian Leather Ankle Boots Made in Italy Size 8.5 NWOB , new ladies Black 1.5"Low Hidden Wedge Heel Round Toe knee Sexy Boots 8 , Victoria's Secret $128 NIB FAUX-FUR FOLDOVER LOW HEEL BOOTS Gray/Black 8 , LAMO Dark Brown Suede Ankle Strap Faux Fur Cresson Pull on Boots 7 SALERoger! Women's Cowgirl Western Pointed Toe Mid Calf Boots Metallic Forest Green , Top Moda Black Faux Suede Knee High Womens Zip Boots LE-18 (Retail $88)Frye Gemma Tassel Womens Size 7.5 Slip On Shoe/sneaker Frye!XAPPEAL Womens Carney Demi Wedge Slouch Boot Shoes, Black, US 8 , NEW DURANGO WOMEN'S CHEYENNE SANDAL (DCRD166) TAN BROWN 9 MEDIUM $60 NIBEUC Nine West NWBOTAMY Black Leather Knee High Fashion Boots Pointy Toe 8Kathy Van Zeeland Kabo Black Over the Knee Fur Cuff Heel Boots 9 NEW , Banana Republic Women's Ankle Boots Size Us 7.5/Eur 38 Black Side Zip Block HeelBetsey Johnson BETSEYVILLE Black Patent Faux Leather Boots Chain Size 8.5 , Women's Sesto Meucci Black Leather Ankle Side Zip Boots Sz 9.5 MDe Blossom Womens Malak-1 Fuchsia Nylon Waterproof Patent Faux Leather Rain Boot
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 2 paires éponge collant inserts chaussures à talons extra doux Semelles poignées , Route 66 Toledo Boots New 7 or 8 BrownJellypop Fedora Ankle Booties - Women's Size 8 M, Sand , Dolce Vita Ankle Booties - Women's Size 8 - Brown , Ivanka Trump Lynna Black Womens Shoes Size 6 M Boots MSRP $140 , Style & Co Shoes Size 5.5 M New Womens Ryder Black Knee High Fashion Boots NWB , Women's Nine West Dark Brown Suede and Leather High Heel Boots Size 8 M , See By Chloe Shoes 667266 Black 37 1/2 , NEW DANSKO WOMEN'S MELANIE SLIP-ON CLOG AMBER NUBUCK 38 8 MEDIUM $140 , TOD'S women shoes bordeaux semi-glossy leather oxford XXW0ZP0V040EB54324Salvatore Ferragamo Emy Patent Leather Ballet FlatJosef Seibel Women's Caspian Sneaker, Platino, 37 EU/6-6.5 M US , Joie Huxley Beige Womens Shoes Size 5 M Flats MSRP $225 , Asics Womens 7 Gel-Craze TR 3 Black Blue Pink Sneakers Fluid Axis Ride Running , NEW Merrell Women's Encore Breeze 3 Slip-On Clog Comfort Shoe Aluminum 6.5 W USSublime RALPH LAUREN Silver Calfskin Driving Mocassins w/Metal Logo Strips 9B , New Women's Skechers 12074 Flex Appeal Pretty City Training Shoes Size 6 (G2)Hoke One One Infinite Running Shoe- Women's Size 8, Blue/Red/Yellow , Ryka Devotion Walking Shoe - Women's Size 7.5M, Grey/Pink , Salomon Womens Speedtrak W Sangria/SulphurSpring/Black Trail / Hiking Shoes Size , Nike Shoes Women Size 5.5 Black Training In Season TR 7 NWB Retail At 75adidas Vs Pace - White - Womens , Women's Fendi - women's short boots Boots , Women's Salvatore Ferragamo Varina Lasercut Anemone FlatsWomen's New Foamtreads Shoes Boots , Steve Madden Womens Intr01s1-027 Black Fashion Boots Size 5 (253216) , WOMEN'S MID-CALF BOOTS RAMPAGE VENICE CASUAL SHOES WR095B 8M,8.5M,9.5M. BK,SMOKE , Nice! SANITA Original Danish Clogs Black Leather Women's Size US 8 , Womens 8.5 M Clarks Artisan Brown Leather Studded Clogs Mule Slip-On Slide ShoesAuthentic Under Armour HOVR Phantom Tile Blue Mint Green White Women's SZ 5-12 ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women Ankle Boots Boots Faux localjoes-18782 Suede Low Cut Size Block Heel Slip On Plus Size Casual Shoes dbfec5e Boots
6169808
6705621
11660767
12057428
13493782
14261148
14697649
15316505
16547877
Powered by WordPress.com VIP.