The Buzz
All markets and investing news all the time

Crocs 27290 Brown Snow localjoes-27290 Winter Rain Boots Men’s Crocs 4, Women’s 6 Fleece-Lined e214a8a




Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: excellent, like new condition!
Modified Item: No Material: Rubber
Country/Region of Manufacture: China Features: Fleece Lined
Style: Rain Boots Color: Brown
US Shoe Size (Women's): US 6 Brand: Crocs
Heel Height: Flat (0 to 1/2 in.)

Crocs 27290 Brown Snow localjoes-27290 Winter Rain Boots Men’s Crocs 4, Women’s 6 Fleece-Lined e214a8a - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Crocs 27290 Brown Snow localjoes-27290 Winter Rain Boots Men’s Crocs 4, Women’s 6 Fleece-Lined e214a8a
Crocs 27290 Brown Snow localjoes-27290 Winter Rain Boots Men’s Crocs 4, Women’s 6 Fleece-Lined e214a8a - 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%.

Crocs 27290 Brown Snow localjoes-27290 Winter Rain Boots Men’s Crocs 4, Women’s 6 Fleece-Lined e214a8a

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Crocs 27290 Brown Snow localjoes-27290 Winter Rain Boots Men’s Crocs 4, Women’s 6 Fleece-Lined e214a8a - hollisbaker.com
About This Author
Crocs 27290 Brown Snow localjoes-27290 Winter Rain Boots Men’s Crocs 4, Women’s 6 Fleece-Lined e214a8a - 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
 
Dingo Women's Fringe Cowboy Boots Tan Brown Leather Western Mid-Calf Shoes 6.5 MNorthside Pioneer Hiking Boots - Women's Size 8.5, Brown/Purple , PRADA Black l Ankle Boots Booties Suede Size 38.5 Zip Number 9536 . (box33) , Women's Lucky Brand Linnea Taupe Suede Heeled Ankle Booties Size 10 MKaren Scott Majar Women's Boots Grey , Womens Suede Flat Over The Knee Thigh High Stud Stretch Calf Ladies Riding Boots , PD TUFF Women's Brown Leather Kiltie Western Packer Work Boots Size 5 M USA , Easy Street Faux Leather Shooties, Women's Size 7.5WW, Black NEW , Thalia Sodi Chelaa Women's Boots BlackMaterial Girl Rheta Women's Boots TanCLEARANCE NATURALIZER BLACK LEATHER KNEE HI Boot 5.5M WShaft ( msrp$200+)L.L. Bean~Women's Bootie~Oiled Brown Leather~Size 9~Slip on~Hook/Loop Fasten~ , Vince Camuto Womens Shoes Size 7.5 Suede , NEW NOMAD Black Leather Boots Size 7 Womens Heels Diamond Peek Cut Ankle ShoesBRAND NEW "LAMO" SHEEPSKIN LINED BLACK SUEDE BOOTS WOMEN SZ 10 , Style & Co. Jamila Women's Boots Saddle , STUART WEITZMAN Women's Ankle Waterproof Rain Boots Black Goretex Leather 9.5 M , New Women's 3 layer Mid-Calf Faux Suede Fringe Tassle Flat Moccasin Dress Boots , INC Hadli Women's Boots Warm Taupe , Sam Edelman Tinsley Boots - Women's Size 9M, Sangria , Steve Madden 'Brewzzer' Black Leather Motorcycle Boots - Women's Size 7.5 , David Tate Valentine Womens Black Leather Knee Tall Boots Sz 7.5WW , Rag & Bone Harrow Booties 39 1/2 , STEVE MADDEN Black Leather Fringe Moccasin Ankle Booties 7Jellypop Womens Black Libra Ankle Boots Shoe Size 10 M , Style & Co. New Aliciah Black Womens Shoes Size 7 M Boots MSRP $79.99Jim Barnier Womens Tall Soft Full Grain Leather Knee High Riding Boots Size 7SAM EDELMAN 8 Brown Tan Suede Fringe Studs Ankle (sim. to Paige) Leather Boot , Women's Steve Madden Betsey Size 7.5 Ankle Boots Shoes Ivory Leather Pull On T7
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 Joie Beige Cotton Blend Pointed Toe Slide On Ankle Booties Size 36 6Style & Co. Jamila Dress Ankle Booties, Raisin, 6.5 US UsedSpot On F50173 Ladies Square Stud's Ankle Boots Available in 2 Colours Sale , New Charles By Charles David Vonda Black Stretch Pointed Toe Heeled Boots Sz 5.5 , Womens Ladies Chelsea Ankle Boots Diamante Chunky Sole Low Block Heel Shoes SizeWoman's Sigerson Morrison Black Flat Boot - Size 8 , g by guess Combat Boots Size 9.5 , Nine West Mid Calf Boot Women size 9.5 Brown Leather , Amazing Blue Green Lomer MTX Trekking Boots Size 6.5 US 8.5 Vibrant Awesome , Alberto Fermani Lissandra Over-the-Knee Boots Brown Suede Size 35.5My Hero Academia All Might Cosplay Shoes Boots Custom Made , Munro Ann Black Microfiber Stretch Tall Boots M611187 sz: US 10 N (narrow)Womens Kickers Kick Hi Classic Leather Office Work Ankle Boots Shoes US 5.5-11Harley Davidson Womens Size 9.5 US Square Toe Boots 4in HeelQupid Parma-04 Over The Knee Thigh High Lycra Pointy Toe Chunky Heel Boots , Women’s Dressy Roper Boots Floral Stitched Pointed Toe Block Heel US 9BOGNER 152085 Black Winter Suede Ankle Boots Shoes Stretch Women's, 7.5 B , Hot Chic Womens Pointy Toe Kitten Mid Heels Elegant Fringe Ankle Boots Black.Red , Trotters Estee Flats - Women's Size 12W - BlackChloe “Lauren” Scalloped Platform Espadrille - Size 37 - $660 RetailFendi Navy Leather Flats Size 37.5 , Tory Burch NIB Risa Navy Ivory Lovers Floral Canvas Espadrille Flat Shoes Sz 9Shop6 Women's Cute Girl's Round Toe Flower Creepers Shoes Casual Platform Pull OWomens Hollow out Shoes Slip on Wedge Mid Heels Black Casual Round Toe A3672 , US Women Slip on Hidden Wedge Heel Suede Shoes Platform Fashion Sneakers LoafersNew Balance WL696DI 696 Women's Fashion Sneaker SZ 11 , Columbia Women's Redmond Mid Waterproof Trail ShoeSkechers Go Run Ultra R2 Women's 7.5 or 8.5 15050BURG Running Purple Pink , Women Warm Hiking Boots Fur Lined Trail Athletic High Top Running Outdoors ShoesBrooks Revel Women's Black/Anthracite/Primer Grey 2491B002
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Crocs 27290 Brown Snow localjoes-27290 Winter Rain Boots Men’s Crocs 4, Women’s 6 Fleece-Lined e214a8a Boots
3262805
3639051
4139068
4492681
5133487
6282859
11306774
17006546
18327502
Powered by WordPress.com VIP.