The Buzz
All markets and investing news all the time

(NJ-511) Women's La size Sportiva Sportiva FC 4.0 localjoes-26856 GTX Hiking Ankle Boots size 7.5 7a3bffa

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
Modified Item: No
US Shoe Size (Women's): 7.5 Style: Hiking Boots
Brand: La Sportiva Boot Shaft Height: Ankle
UPC: Does not apply

(NJ-511) Women's La size Sportiva Sportiva FC 4.0 localjoes-26856 GTX Hiking Ankle Boots size 7.5 7a3bffa -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
(NJ-511) Women's La size Sportiva Sportiva FC 4.0 localjoes-26856 GTX Hiking Ankle Boots size 7.5 7a3bffa
(NJ-511) Women's La size Sportiva Sportiva FC 4.0 localjoes-26856 GTX Hiking Ankle Boots size 7.5 7a3bffa -

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%.

(NJ-511) Women's La size Sportiva Sportiva FC 4.0 localjoes-26856 GTX Hiking Ankle Boots size 7.5 7a3bffa

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
(NJ-511) Women's La size Sportiva Sportiva FC 4.0 localjoes-26856 GTX Hiking Ankle Boots size 7.5 7a3bffa -
About This Author
(NJ-511) Women's La size Sportiva Sportiva FC 4.0 localjoes-26856 GTX Hiking Ankle Boots size 7.5 7a3bffa -
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
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 7.5WWRag & Bone Harrow Booties 39 1/2 , STEVE MADDEN Black Leather Fringe Moccasin Ankle Booties 7Jellypop Womens Black Libra Ankle Boots Shoe Size 10 MStyle & Co. New Aliciah Black Womens Shoes Size 7 M Boots MSRP $79.99 , Jim 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 BootWomen's Steve Madden Betsey Size 7.5 Ankle Boots Shoes Ivory Leather Pull On T7Style & Co. Adaline Women's Boots Black , Born Size 7.5 Ankle Boots Booties Womens Black Leather Heel Side Zip Buckle , Style & Co. Dyanaa Women's Boots Barrel , Giani Bernini Odele Women's Boots BlackAerosoles Women's Size 7 B Black Booties ComfortOpportunity Shoes - Corso Como Women's Pennisula, Silver/Metallic Specchio, 5.5BareTraps New Rhapsody Brown Womens Shoes Size 6 M Boots MSRP $85Pink Round Toe Winter Fashion Boots Flat Waterproof Mid-Calf Shoes for Women- 36XOXO Women's Kimberlie Boot, Black Microfiber, 10 M US , Nine West Women's Layitout Suede Boot, Dark Taupe, 7.5 M USWomen Fashion Brown Warm Winter Snow Ankle Boots Waterproof Non-slip Shoes- 10 , Not Rated Women's So Gully Ankle Bootie, Taupe, 10 M US , Opportunity Shoes - Corso Como Women's Pennisula, Silver/Metallic Specchio, 9.5Bella Vita Women's Deryn Boot, Black Suede/Black Gore, 11 N USNot Rated Women's So Gully Ankle Bootie, Black, 6 M US , Katy Perry Women's The Evelyn Mid Calf Boot, Almond, 5 Medium USWomen's Fringe Ankle High Comfort Flat Mid Calf Eskimo Fur Winter Warm Snow BootOpportunity Shoes - Corso Como Women's Pennisula, Black Brushed Leather, 5.5 M U , LifeStride Women's Rockin, Dark Brown Wide Shaft, 5 M US ,
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 Bearpaw Womens Adele Boot Hickory/chocolate/charcoal soft suede all over comfort , Naturalizer Women's Leather Ankle Boots Block Heels Brown Size 7MNew Womens Skechers AWOL-Kilted Leather Ankle Boots Style 48337 Charcoal 8.5r2 Footwear boots size 6 Roxane , Rohde Half Black Half Gray Ankle Boots Womens size 8.5 - 39 Casual bootiesLadies Reneeze Black Boot - New , ZIGI SOHO Womens 'OLIE' BLACK Leather Mid Calf Boots Sz 5.5 M NEW DISPLAY M678Clarks MUCKERS MIST Womens Black Suede Textile Waterproof Winter Boots$179 BCBG BCBGeneration Women Franciss Studded Heeled Knee High Boot,Black,US 10 , Womens Bolo 38 sz 7 Brown Antiqued Leather Calf High Boots Zipper A065Nine West Women's Black Stiletto Pointed Toe Knee High boots Size US 7.5 MVintage Sanders Brown Leather Shorty Cowboy Boots Mens 7 D / Womens 8.5 M NewJournee Collection Paris Womens Slouch Riding Boots Brown Size 7.5Bandolino 25028520 Womens Lakita Loafer Flat- Choose SZ/Color.Ladies Clarks Ankle Boots 'Azizi Posey'Women's Henry Ferrera Rain Boots - J-800 - Black - New in Box!WOMEN'S WAKE FOREST FAN GEAR BLACK SUEDE LOAFERS SHOES JP CRICKETS SZ 8Nine West Womens Adelphine Leather Pointed Toe Flat- Pick SZ/Color. , $680 CELINE V NECK BLACK HAND STITCHED PATENT LEATHER SLINGBACK FLATS SIZE 37 , SO CUTE! Women's $450 Stubbs and Wootton Linen "EQUESTRIAN" Slippers Loafer ShoeDansko Adelle Leather Mary Jane - NIB - Free ShippingBrooks Addiction Walker Women's Athletic Shoes BEIGE Leather 6.5 Narrow FR/SHPWomens Girl Athletic Shoes Outdoor Casual Jogging Walking Sneaker Plus Size 5-11Women's Casual Running Sneakers Zip Wedge Hidden Heel Sport Shoes Trainers Shoes , Sweet Womens Flower Leather Pointy Toes Slip On Low Block Heels Oxfords Shoes , HISPANITAS MACADAMIA hi60177 MAGIK/MEKONG ballets sale , New Balance W860GP8. Reflection with Alpha Pink & Black. WidthsVintage OG Reebok Classic “The Athlete’s Shoe” White/Pink Women’s Shoes Size 5.5Women's waterproof Snow Mid Calf Boots Warm Fur Lining Platform Casual Shoes , Prada 6.5N Brown Suede Stretch Boots Pull On Mid Calf Kitten Heels Buckle Lined
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
(NJ-511) Women's La size Sportiva Sportiva FC 4.0 localjoes-26856 GTX Hiking Ankle Boots size 7.5 7a3bffa Boots
Powered by VIP.