The Buzz
All markets and investing news all the time

Andrew Geller Geller Nalin Knee Andrew High Black High Black Heel Boots New aee6a20




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
Brand: Andrew Geller
Color: Black Style: Fashion - Knee-High
Heel Height: High (3 in. and Up) Width: Medium (B, M)

Andrew Geller Geller Nalin Knee Andrew High Black High Black Heel Boots New aee6a20 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Andrew Geller Geller Nalin Knee Andrew High Black High Black Heel Boots New aee6a20
Andrew Geller Geller Nalin Knee Andrew High Black High Black Heel Boots New aee6a20 - 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%.

Andrew Geller Geller Nalin Knee Andrew High Black High Black Heel Boots New aee6a20

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Andrew Geller Geller Nalin Knee Andrew High Black High Black Heel Boots New aee6a20 - hollisbaker.com
About This Author
Andrew Geller Geller Nalin Knee Andrew High Black High Black Heel Boots New aee6a20 - 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
 
Womens Short Fashion Zip Up Buckle Ankle Shoe Boots 2" Wide Heel Brown 6 8 NEWFashion Women Round Toe Lolita Bowknot Flats Student Sweet Ankle Boots 3 ColorFashion Women's Sexy Stilettos High Heels Ankle Boots Pointy Toe Shoes Plus SizeWomen's BCB Generation Stretch Suede Ankle Booties Size 9M BlackBrown Caramel Heeled Fine Leather Booties Size 7.5 Women's Shoes Newport News , NWOB B.O.C. Saturn Women's US Brown Latte Plaid Combat Boots Faux Leather Sz 8 M , Women Warm Silver Crystal Fur Fleece Rhinestones Bling Boots Montana West ShoesMadden 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 Zip , Dolce Vita Womens Shoes Size 8.5 Black Solid Leather Mid Calf Boots Casual , ROPER BRAND WOMENS 7 BROWN LEATHER COWBOY BOOTS ROPERSNew Women Autumn Fashion Thick Heel Zipper Boots Casual High heel Ankle BootsAlberto Fermani Taupe Distressed Leather Chelsea Ankle Boot Bootie 40.5 / 10.5Women Slip On Pointy Toe Solid 7cm Mid Block Heel Shoes Buckles Office Chic PumpGalaxy Women Double High Top Casual Sneakers Shoes Trainers Ankle Boot Plateform , Khombu Slope Ladies Waterproof Winter Boots Multiple Sizes Grey , NEW Impo Black Faux Suede Ankle Boots Booties Size 10 Floral Embroidery Heels , Rampage New Womens Estafania Black Boots 10 M Shoes NWOB , Peacock New Women's Girls High Top Casual Sneakers Shoes Trainers Ankle Boots , Sanuk 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 9BBare Traps Tommy Black Buckle Detail Riding Boot NEW , Brown Distressed Leather & Sheepskin NINE WEST Tall Pull On Boots w/Strap 5.5 MJoie Womens Gray Suede Buckle Closure Over The Knee Boots Size 35 5 ,
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 Women Fashion Black Warm Winter Snow Ankle Boots Waterproof Non-slip Shoes- 7.5Steve Madden Womens Ankle Boots Sz 11 Soft Blk Suede Leather Booties Slip onFitflop Women's Size 5 Camel Crush Suede Ankle Boots Pull On Wobbleboard BootsWomen's Light Brown 3" Heel Leather Cowboy Boots - Size 8 , Women’s BEARPAW Brown Suede Ankle Boots Size 8 , Womens Nine West NW Botamy Brown Leather Knee High Boots Size 8.5 M , Bandolino Mikayla Womens Shoes Size 8.5 Black Leather Wedge Ankle BootsBruno Magli Suede/Patent Leather Zip-up Ankle Booties US-6.5M EU-37M MSRP $599+BORN GRAY Oiled Leather Biker Boots Size 9/40.5 Style W21996Tod's Brown / Black Patent Leather Formal Square-toe FlatsUnisex Adults Dr Martens 1461 59 Smooth Leather Black Work Flat Shoes , Gabor Amulet Womens Wide Fit SneakersSkechers BOBS Women's Bobs Plush-Prowl Flat Camouflage 5 M US , Salvatore Ferragamo Cream Gold Leather Slingbacks Heels Size 6.5 AA, ExcellentBlack / White - Heels Shoes - Open toe - Size 8.5 W - Formal work officeJimmy Choo Donna Micro Studded Black Suede Espadrille Sz 38FitFlop Women's Superskate Lizard-Print Suede Loafers Flat, Black, 10 M USPropet Twilite Walker Black 8.5 M USAsics GT-2160 Gray Purple White Running Shoes, Women's Size 7.5 , NIKE Air Relentless 4 Women Athletic Running Shoes Size 7.5 Black/Gray 684042 , Frye Faw Burnished Brown Leather Ballet Flat Shoes Women's 6 MTwisted X WDM0094 Women's Eco twx Driving Moc, Dust/Brown - 9.5 MVersace 19.69 7502 SOFTY FLAMINGO Loafers Women's Pink US , French Sole FS/NY Women's Annabelle Platform Black Size 7.5 Iep8 , Skechers Sport Women's Burst Fashion Sneaker , VANS Chauffette SF (Multi Stripe) Dress Blues Surf Boat Slip WOMEN'S SIZE 9New Balance Women's 420v1 Lifestyle Sneaker - Choose SZ/Color , 2star Women's Shoes Sneakers - 2SD2002 | White | Fall Winter 18/19 , Merrell Women's Bare Access ARC 4 Trail Running Shoe,Black/Aventurine,9 M US
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Andrew Geller Geller Nalin Knee Andrew High Black High Black Heel Boots New aee6a20 Boots
764305
1412935
1980427
5438467
7635015
9797746
12023887
13908001
14797555
Powered by WordPress.com VIP.