The Buzz
All markets and investing news all the time

Hot Boots In Brown Hollywood Hot Brown Suede Slouchy Boots NEW 809e43f

Item specifics

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: Hot in Hollywood
Heel Height: High (3 in. and Up) Style: Fashion - Knee-High
Material: Suede Width: Medium (B, M)
US Shoe Size (Women's): 7 Color: Brown
UPC: Does not apply

Hot Boots In Brown Hollywood Hot Brown Suede Slouchy Boots NEW 809e43f -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Hot Boots In Brown Hollywood Hot Brown Suede Slouchy Boots NEW 809e43f
Hot Boots In Brown Hollywood Hot Brown Suede Slouchy Boots NEW 809e43f -

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%.

Hot Boots In Brown Hollywood Hot Brown Suede Slouchy Boots NEW 809e43f

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Hot Boots In Brown Hollywood Hot Brown Suede Slouchy Boots NEW 809e43f -
About This Author
Hot Boots In Brown Hollywood Hot Brown Suede Slouchy Boots NEW 809e43f -
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
J.Crew Black Double Zip Suede Leather Wedge Ankle Booties Boots - Size 6 , Pointy Toe Block Chunky Clear Perspex Lucite Heel Ankle Boot Bootie Shoes , Womens Warm Pull On Shoes Trendy Suede Faux Fur Furry Winter Snow Mid-Calf BootsBorn Tall Boots Size 6 Brown Leather Wedge BOC Zip Buckle Round Toes , Sporto® Maria 3 Water-Resistant Tall Boot Zipper Padded GRAY 7.5M NEW 580-127 , Womens Steve Madden Norri Over The Knee Boots Black Size 5.5 MStylish Tan Leather with Buckle details Boots from Cecci - Size 39 , MINNETONKA Ladies Suede Moccasin Boots Size 8.5M , Aldo Black Leather Side Zip Platform Block Heel Ankle Boots Booties Sz 10NEW . EYE CATCHING .Cougar . Women's Black Biker Rain Boots w. Floral Design . 7ULU Women’s Boots 6.5 Brown Suede Leather Waterproof Snow Boots , Clarks London Lights Womens Brown Leather Casual Dress Zipper Boots Shoes , Earth Origins Tori Suede Water Repellent Mid-Heel Ankle Boots Womens 8 M Grey+ , Lucky Brand Urbi Women's Suede Peep-Toe Stacked Wedge Ankle Bootie Boot , BRAND NEW woman Boot up to the knee black Riding style size 7.5 usa 38 EuropeWomen's Snow Boots Fashion Winter Short BootsNew Womens Flat Heel Over The Knee High Boots Round Toe Party Shoes Snow Boots , Bjorndahl "Vada" Tan Suede Knee High Chunky Heel Round Toe Boots Women's Size 6M , Madden Girl by Steve Madden Womens Fancie Red Ankle Boots 9 Medium (B,M) 9787 , Naturalizer Booties Womens US 7.5M Black Leather N5 Comfort Ankle Zip 3" Heel , Sole Society Flynn Suede Leather Tie Det. Side Zip Ankle Boots Womens 9 M Rust + , Soda Women's Platform Raver Gothic Punk Creeper Boots Shoes Size 6 1/2 J-T-PRUE 21 etc! - Black Quilted Boots, 1.5" Platform w/ 5" Heels, Size M (7-8) , Easy Spirit Bacca Women Ankle Boot Brown Nubuck Leather Zip Up Shoe 6 M WinterRenzo-01 Transparent Clear PVC Ankle High Flat Block Heel Boots Silver , DULUTH TRADING COMPANY Women's Brown Leather Slip-On Shoes Size 7.5 *NIB* , Sporto® Maria 3 Water-Resistant Tall Boot Zipper Buckle BLACK 11W NEW 580-127CROCS Leigh Mild-calf Wedge Boots- Comfort Zip Brown Leather Booties Women's 8 W , Rebels Women's Gray Distressed Cap Toe Boots Size 8.5
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 Anne Michelle Black Beaded Sequined "Refuel" Mid Calf Boots Heels sz 10 NWOB BB1WOMENS BLACK FAUX SUEDE LADIES WEDGE HIGH HEEL SHOES BOOTS SIZE 3 4 5 6 7 8 L10 , New ladies Brown 1.5"Low Thick Heel Round Toe Side Buckle Sexy Knee Boot Size 8SPORTO WATERPROOF BOOTS SIDE WINDER PICK SIZE & COLOR NTO , BRAND NEW! Torrid Metal Heel Combat Boot *size 11W* GRAY $ 70 , Woman's Western Boots,Black Leather and Cow Hide,US Size 7.5Camper 45897 001 Sz 37/6.5 Brown Suede Brown Leather Wedge Boots Shoes For Women , Sbicca Zing Women's Vegan Suede Fringe Wedge Platform Ankle Bootie Boot , madden girl Rightonn Ankle Booties 890, Black, 9.5 US , Andre Assous Womens Laura Brown Ankle Boots Heels 36 Medium (B,M) BHFO 7184 , Naturalizer Josey Taupe Leather Buckled Riding Boots Wide Calf 7 New , BareTraps Aero Cold-Weather Boots 327, Whiskey, 8 US , AnnaKastle Womens Pointy Toe Multi Belted Boots Bootie , Disney Star Wars Irregular Choice London Darth Vader Womens Shoe Size 8.5 LTD ED , Munro Women's Black Flats 7.5 NSaint Laurent Men Brown Flats Size 10.5 , Nine West Women's Vallaint Fabric Loafer Flat - Choose SZ/Color , Roper Women's Johnnie Driving Style Loafer, Tan, 9 Medium USWomen's Suede Flats Heel Slip on Casual Warm Boat Shoes Loafers New Warm Flats , NIB - PHILIPP PLEIN Women's 'LE MANS' Black FLAT SANDALS (P17S WSA0029) 38 / 7.5 , New CHINESE LAUNDRY Women Fabric Slip On Flat Ballet Pump Dress Shoe Sz 8.5 MA2 by Aerosoles Women's Poppy Plush Strappy Sandal Black Faux Suede , 1.State SZ 8 Dulcia Perforated High-Top Leather Sneaker Blush Womens New $98 , Adidas Women's Superstar 3 Stripe Sneaker White/Blue/Lime/Pink US 6 NOB NWDBrooks Women's Glycerin 13 Running Shoes Blue US 10Women's Robert Zur Loafers FlatsWomen's Tory Burch Shoes 7.5 Flats , COMFORTVIEW 7 M DARK BROWN SUEDE FRINGE SHOOTIE BOOT ANKLE MOCCASINS SHOES NEW , Converse Women's Chuck Taylor All Star Multi Panel Sneakers , NIKE Womens Nike City Trainer 909013-060 WOLF GREY/CRIMSON TINT Womens Size 8
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Hot Boots In Brown Hollywood Hot Brown Suede Slouchy Boots NEW 809e43f Boots
Powered by VIP.