The Buzz
All markets and investing news all the time

Merrell Tundra Women's Black - Leather Waterproof 6 Insulated Ankle Boots US - US 6 5ff4c66

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: Very good condition
Style: Ankle Boots Material: Leather
US Shoe Size (Women's): 6 Width: Medium (B, M)
Color: Black Brand: Merrell

Merrell Tundra Women's Black - Leather Waterproof 6 Insulated Ankle Boots US - US 6 5ff4c66 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Merrell Tundra Women's Black - Leather Waterproof 6 Insulated Ankle Boots US - US 6 5ff4c66
Merrell Tundra Women's Black - Leather Waterproof 6 Insulated Ankle Boots US - US 6 5ff4c66 -

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%.

Merrell Tundra Women's Black - Leather Waterproof 6 Insulated Ankle Boots US - US 6 5ff4c66

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Merrell Tundra Women's Black - Leather Waterproof 6 Insulated Ankle Boots US - US 6 5ff4c66 -
About This Author
Merrell Tundra Women's Black - Leather Waterproof 6 Insulated Ankle Boots US - US 6 5ff4c66 -
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 "Maddox" Women's Black Leather Buckle Strap Ankle Boots Size US 7.5MRealTree Girl Women's Ms Dusty Pull On Casual Boots RW4061650 AP PinkOver The Knee Boots Thigh High Stretch Upper Pointy Toe Stiletto Heel Shoe Boot , RALPH LAUREN Women Jenessa Black Brown 2 Tone Knee Boots Equestrian Riding 6.5Women's Black Leather HARLEY DAVIDSON Mid-Calf Heel 3" Boots Size 8 Worn OnceSporto Ellie Berry Burgundy Suede Quilted Waterproof Snow Midcalf Boots SALE , Not Rated Sassy Classy Women's Faux Leather Knee-High Boots Taupe Size 6 , 05864 Celeste New Platform Silver Ankle Boot Stiletto Women's Shoe US 10LifeStride Women's Naomi Black Peep Toe Bootie - Size 7.5 & 9.5 - NWB , Womens Warm Pull On Platform Hidden Wedge Heel Argyles Snow Mid Calf Boots Shoes , Marc Fisher Leather Goldtone Zipper Ankle Boots Geri Caramel 7.5/8.5 NEW A268090 , Restricted Women Black Over The Knee Boots Suede Leather Fold Down Pull On Sz 6 , Womens Size 7W Blondo Canada Brown Leather Boots Shearling Linednew Black 6"High Stiletto Heel 2"Platform Round Toe Sexy Ankle Boot Size 6MTNG Mustang Womens 58412 Western Ankle Boot ShoesLucky Brand 10M Bartalino Leather Ankle Booties Block Heel Boots Full ZipperTeva Womens Wander Chukka Ankle Boot ShoesMOCCASIN BOOTS WOMEN'S 7.5 M ITALY TALL BROWN SUEDE TASSEL SIDE ZIP FOLDING CUFFWomen's High Heel Mid Calf Ankle Snow Boots Solid Fur Furry Metal Decor Side Zip , ~NINE WEST~ "Bleaker" Vintage America Black Suede Distressed-Look Boots, Size 12Kenneth Cole Reaction Black Knee High Fashion Riding Boots Women's 6 Flats , TRIVICA 93423 WOMEN'S BLACK LEATHER TALL ZIP BOOTS $100CLARKS Bendables Ankle Boot Ingalls OHIO Leather Womens SIZE 9.5 * Bootie 62740ZARA Mid Heel Jacquard Ankle Boots New with Tags US 6; 6.5; 7.5; 8; 9 , Marc Fisher Stefani Distressed Leather Ankle Boots Womens 7.5 M Medium Beige ~ , NEW Womens High Heel Platform Bootie Oxford Ankle Boots Wedge Shoes Fashion Size , Steven by Steve Madden Knee High Boots Black Leather PLINK Sz 7New Womens SANUK SUN DOWN CHILL Suede Booties Chestnut Grey Ankle Boots SurferREYME Vaquero, Cowgirl, Ladies Western Leather Boots, Size 7 1/2 ,
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 Sanuk SOULSHINE CHILL Womens Mid-High Suede Boots Size 7 Black NEWGorgeous Earth Brand Treasure Pleated Burnished Leather Ankle Boots! Size 8 B , Black Pair Of Leather Upper Manmade Ankle Boots size 38 1/2 M by Pandora , Just Fab Boots With Faux Fur Size 8 Grey Soft Liner Multi ColoredWomen's Brown Leather Nine West Ankle Boots - Size 7M* US 7 WOMEN SIZES SHEEP WOOL SLIPPERS BOOTS 100% PURE WOOL VALENKI sheepskin , EUC Nine West Bethel Womens US 8 Black Leather Tall Knee High Chunky Heel BootsBlondo B4627-18 Leather Waterproof Wine color Ankle Boots 9.5M Aqua ProtectJoie Women's Miriam Sneaker, Cement, 37.5 M US , Sketchers Women’s size 6 Keepsakes Tall Black Boots 47220 Pull on , Dan Post Women's Boots - Sz 8.5D - Made in Spain - Model 6683 , Jack Rogers Deborah Ankle Boots-Women's size 5.5 M GreyVERA WANG LAVENDER Wedge JEWEL CLOGS Platform Shoes Free Love BOHO People 7 37.5 , DKNY DONNA KARAN KNEE HIGH BLACK LEATHER TALL RIDING STYLE BOOTS 7.5 M SPAIN , I.N.C International Concepts Women's Suede Boots Black On Sale Now $60.00Scoop NYC Black Leather Mid-Calf Zip up Sz 37.5 Boots , Stuart Weitzman 7.5 M Brown Ankle Zip Boots Fur Lined Trimmed 2" Kitten Heel , Dansko Professional Clog Black Patent Leather - size US 11 - was $125 , Calvin Klein Celia Womens Penny Loafer- Choose SZ/Color. , $540 Fratelli Rossetti Black &White Patent Leather Ballet Flats sz 7 IT 37NIB Sperry Top Sider CVO Calf Hair Slip On Sneakers Loafers Sz 5 M White $150 , Authentic Versace Ballerina Flats Size 40 Red Gold Medusa Front Logo NIBadidas Originals Women's Pro Model Sneakers - Choose SZ/Color , Altra Women's One 2.5 Running ShoeNike Metcon Repper DSX Black/Racer Pink/Chlorine Blue/Hyper Violet 02173002Womens Rhinestone strappyleather Punk Hot Sneakers hidden heels high top shoes , WOMEN'S NIKE TOTAL CORE TR 2 SHOES SIZE 6 white volt platinum blue 649845 174Women's saks fifth avenue Leather Boots BootsSimply Vera Wang Womens Black Heel Western Ankle Boots Size 10M , Elegant Womens Side Zip Mid Block Heels Bowknot Ankle Boots Rhinestones Shoes
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Merrell Tundra Women's Black - Leather Waterproof 6 Insulated Ankle Boots US - US 6 5ff4c66 Boots
Powered by VIP.