The Buzz
All markets and investing news all the time

Ladies Purple Welly Gloss Calf Buckle Purple Mid Calf Wellington Boots Waterproof Outdoor Welly 665ca70

Item specifics

New with defects: A brand-new, unused, and unworn item. Possible cosmetic imperfections range from natural colour ... Read moreabout the condition
Style: Wellington Boots
Country/Region of Manufacture: Unknown MPN: Ladies Purple Wellington Boot
Width: Standard (B) Boot Shaft Height: Mid-Calf
Calf Width: Medium Features: Buckle, Waterproof
US Shoe Size (Women's): US 2 Modified Item: No
Toe Type: Round Toe Heel Height: Flat (0 to 1/2 in.)
Color: Purple Pattern: No Pattern
Occasion: Festivals, Outdoor Sole: Rubber
Brand: Unbranded UPC: Does not apply

Ladies Purple Welly Gloss Calf Buckle Purple Mid Calf Wellington Boots Waterproof Outdoor Welly 665ca70 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Ladies Purple Welly Gloss Calf Buckle Purple Mid Calf Wellington Boots Waterproof Outdoor Welly 665ca70
Ladies Purple Welly Gloss Calf Buckle Purple Mid Calf Wellington Boots Waterproof Outdoor Welly 665ca70 -

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%.

Ladies Purple Welly Gloss Calf Buckle Purple Mid Calf Wellington Boots Waterproof Outdoor Welly 665ca70

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Ladies Purple Welly Gloss Calf Buckle Purple Mid Calf Wellington Boots Waterproof Outdoor Welly 665ca70 -
About This Author
Ladies Purple Welly Gloss Calf Buckle Purple Mid Calf Wellington Boots Waterproof Outdoor Welly 665ca70 -
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
Madden Girl by Steve Madden Womens Fancie Red Ankle Boots 8 Medium (B,M) 5596 , Jessica Simpson Boot 8.5 M Kianna Ankle Harness High Heel Brown Side ZipDolce Vita Womens Shoes Size 8.5 Black Solid Leather Mid Calf Boots CasualROPER BRAND WOMENS 7 BROWN LEATHER COWBOY BOOTS ROPERS , New Women Autumn Fashion Thick Heel Zipper Boots Casual High heel Ankle Boots , Alberto Fermani Taupe Distressed Leather Chelsea Ankle Boot Bootie 40.5 / 10.5 , Women Slip On Pointy Toe Solid 7cm Mid Block Heel Shoes Buckles Office Chic Pump , Galaxy Women Double High Top Casual Sneakers Shoes Trainers Ankle Boot Plateform , Khombu Slope Ladies Waterproof Winter Boots Multiple Sizes GreyNEW Impo Black Faux Suede Ankle Boots Booties Size 10 Floral Embroidery Heels , Rampage New Womens Estafania Black Boots 10 M Shoes NWOBPeacock New Women's Girls High Top Casual Sneakers Shoes Trainers Ankle BootsSanuk SOULSHINE CHILL Womens Mid-High Suede Boots Size 7 Black NEW , Clarks Ankle Boots Womens Shoe Size 9.5W Black Leather Side Zip Cap Toes B112Womens Rain Boots Wellies Rubber Non-Slip Cuban Heels Mid-calf Boots Water Shoes , Matt Bernson Black Suede Belted Wedge Boots NEW , Matt Bernson Burgundy Suede Belted Wedge Boots NEWRaye Womens Boots Size 7 Black Patent Leather Slim Heel Pointed ToeCOLE HAAN COUNTRY DARK BROWN LEATHER HIGH HEEL ZIPPER ANKLE BOOTS WOMEN'S 9B , Bare Traps Tommy Black Buckle Detail Riding Boot NEW , Brown Distressed Leather & Sheepskin NINE WEST Tall Pull On Boots w/Strap 5.5 M , Joie Womens Gray Suede Buckle Closure Over The Knee Boots Size 35 5 , CUSHION WALK WOMENS SIDE ZIP HEELS ANKLE GUSSET SOFT COMFORT WORK SHOESWomen’s Natural Soul Kiza Ankle Boots Pumps Black Size 7.5 , CABELA Dry Plus Thinsulate Women 8 Brown Hiking Trail Hunting Winter Boots j56Punk Womens Ankle Boots Block Heels Buckle Strap Casual Shoes Plus Size Autumn , American Rag New Womens Wylee Black Ankle Boots 5.5 M Shoes , Moda Spana Women's Brown Suede Ankle Boots Side Zip High Heel Size 11MBorn BOC Womens Brown Suede Ankle Boots Size 10 M Leather Western Booties clogs
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 STUART WEITZMAN Women's BROWN Leather Ankle Fashion High Heel Boots 6.5N USSporto Faux Fur Winter Boots Black Size 8.5 MBORN Brown Leather Slip on Ankle Cowboy Boots Size 6.5 M/W Style W32113 , Mossimo Supply co. ankle booties black women high heels size 7 FlawedFashion Women Boots Round Toe Martin Boots Classic Ankle Boots Casual Shoes , Aerosoles Women's Black Suede Boots Size 7 B S489Authentic Zara Trafaluc Leather Metal Zipped Flat Boots ref 7156/201NEW Vince Camuto Kiotio Womens Shoes Size 7.5 37.5 Black Suede Wedge BootiesSPORTO Womens Boot 9M Black Suede Faux Fur Waterproof LilaSeven Dials Women's Soha Sweater-Cuff Booties Wheat Size 6.5 M , BALLY Black Leather Riding Style Boots S. 9.5B Made in ItalyNew Pour La Victoire Women's Leopard Print Suede Ankle Booties Boots Size 6 , Chase After Chinese Laundry Booties 7.5New Women’s Boots Tassel Bootie Bamboo Avenge sz 10 tan brown , Skechers Ruched Suede Wedge Boots - Parallel Universal Black 11 medKhombu Quechee Stingray Snow Boots, BrownJOE SANCHEZ Shoes 705136 Brown 36Rockport Women's truwalk Zero Mary Jane Walking Shoe - Choose SZ/Color , AK Anne Klein Sport 25013583 Womens Able Ballet Flat, Natural/Multi, 10 M USEl Naturalista Womens Ankle Strap SZ 36M- Select SZ/Color. , MIU MIU WOMAN BALLERINA FLATS SHOES CAMEO/NATURAL LEATHER CODE 5F495AEasy Street Women's Proctor Flat, Tan/Gore, Size 8.5 , Daniel Hechter Paris Women's NEW Black Leather Zip Ankle Boots EU Sz 41/ US 10MEUC Auth Miu Miu Red Sequin Mary Jane Flats 39Jeffrey Campbell Women's Carlson Nubuck Suede Loafers Shoes Retail $140 size 9Nautilus Women's N2471 Composite Toe Adv ESD Athletic Work Shoe Purple , Adidas Originals Superstar 80s W Reptile BY9075 Snake Leather Shoes Women's 5.5Women's Skechers Chilly Women's Shoes Athletic Shoes , Women's Clarks Women's Leisa Marie Clog FlatsAbound Sasha Short Genuine Shearling Suede Boot Tan US 8 NOB
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Ladies Purple Welly Gloss Calf Buckle Purple Mid Calf Wellington Boots Waterproof Outdoor Welly 665ca70 Boots
Powered by VIP.