The Buzz
All markets and investing news all the time

Sbicca SZ/Color. Womens Velveteen Bootie- Ankle Bootie- Pick Pick SZ/Color. 89c147d

Item specifics

New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
UPC: 0630162732978
Style: Causal Brand: Sbicca
US Shoe Size (Women's): Multiple Variations Model: VELVETEEN
Size Type: Regular MPN: VELVETEEN
Material Type: fabric

Sbicca SZ/Color. Womens Velveteen Bootie- Ankle Bootie- Pick Pick SZ/Color. 89c147d -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Sbicca SZ/Color. Womens Velveteen Bootie- Ankle Bootie- Pick Pick SZ/Color. 89c147d
Sbicca SZ/Color. Womens Velveteen Bootie- Ankle Bootie- Pick Pick SZ/Color. 89c147d -

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%.

Sbicca SZ/Color. Womens Velveteen Bootie- Ankle Bootie- Pick Pick SZ/Color. 89c147d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Sbicca SZ/Color. Womens Velveteen Bootie- Ankle Bootie- Pick Pick SZ/Color. 89c147d -
About This Author
Sbicca SZ/Color. Womens Velveteen Bootie- Ankle Bootie- Pick Pick SZ/Color. 89c147d -
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
Spot On F50175 Ladies Knee High BootsLadies Spot On Boots Style - F50352Ladies Anne Michelle Mid Heel Zip Up Ankle BootsF50167 Ladies Quilted Mid Calf Boots Available in 2 Colours , Coco L8626 Ladies Cow Boy Style Ankle Boots Available in 2 ColoursSpot On! F50037 Brown PU Pull On Casual Mid Calf Boots With Skull StudsLadies Anne Michelle Heeled Chelsea Boots - F50586Ladies Spot On F4367 Black Synthetic PU Casual Zip Up Long Flat BootsWomans Spot On Star Print Wellington BootLadies Snowfun Boots Style - 8.886709 , Coco L9326 Ladies Black/Brown Knee High Boots SALE , F50182 Ladies Studed Ankle Boots Available in two Colours , Ladies Spot On Cut Out Heel Zip Up Ankle Boots , NEW LADIES Womens Brown Flat Back Elastic Sexy Knee Boots Size 6Womens Spot On Ring Strap Wellington Boots X1038 , New Womens Ankle High Block Heel 2 Side Zips Faux Suede Pointed Toe Boots Shoes , Ladies Anne Michelle Black Microfiber Diamante Ankle Boots - F50685 , Ladies Leather Collection Winter Pull Up Calf Length Boots F50694New Women’s Ladies Mid Size Heel Over the Knee Foldover Suede Boots , Womens Spot On Winter Zig Zag Print Wellington Boots , new ladies Black 1"Low Block Heel Back Zip Sexy Knee Boots Size 6.5 , Spot On F50328 Ladies Zip Up Ankle Boots Black and Taupenew ladies Black 1.5" Hidden Wedge Heel Round Toe Sexy knee Boots Size 9 , Womens Spot-On Ring Strap Wellington Boots X1038Ladies Spot On Casual Mid Heel Ankle BootsLadies Spot On Heeled Ankel Boots Style - F50348Ladies Spot On Zip Up Knee High Boots , Ladies Spot On Casual Chunky Heel Ankle Boots , Womens Hi-Tec Boots Style - Muck
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 Zara Platform Black Leather Booties Size 40Karen Scott Women's Ankle Boot Size 9M/Eu 40 High Heel Booties Black Faux SuedeWomens 6.5 M Riding Boots Tall Tan Brown Fashion Shoes Vintage Indie Folk BohoAriat Legend Square Womens Sz 8 Brown Leather Western Cowgirl Riding Tall Boots , Bebe Penelope Animal Print Oxford Ankle Pump Booties . NIB Size 5.5Ladies Joules Wellibobs Muck Yard Festival Casual Flat Wellies Boots All Sizes , Ellen Tracy Womens NWOB Crush Black Leather Suede Boots Shoes 9.5 MED NEW , Santa FE Boot Co ladies tan suede cowboy boots in size 9 mediumDEMONIA Sexy Punk Gothic Lolita Platform Strappy T-Strap Pump Shoes TOR600/BVL , Womens Leopard Flat Shoes Round Toe Petit Bow Knot Tie Ballerinaswomen casual fur trim PU leather back zipper pointy toe slim heels ankle boots , Tory Burch Caroline Black Patent Ballet flats 6.5 scrunch $225Drew Women's Comfort Shoes Jada BlackMarc Fisher Womens Graze2 Closed Toe Ankle Strap Espadrille, White LL, Size 6.0Cole Haan Sz 5.5 B Black&White Seams Leather Flats Low Heel Tassels Ties PatentBrunello Cucinelli Dark Brown Leather Stone Studded Slip On Shoes Sz37/7~RTL$750 , New BRUNELLO CUCINELLI Suede W/ Swarovski Crystal Oxford Shoes 37.5/7.5 $2115Womens Chinese Floral Embroidered Hidden Wedge Heel Sport Shoes Sneakers Casual , ECCO Women's Intrinsic Karma Slip On Sporty Lifestyle - Choose SZ/Color , NEW! NIB! Donald J Pliner DITA Espresso Suede Sparkle Beaded Smoking Loafer $198 , PUMA Women's BASKET PLATFORM CORE Leather Shoes Black/Gum 364040-02 b , Spenco Siesta - Women's Slide - Canvas Opal Grey - 11 , Women's Nike Free TR 7 Training Shoes - Black/White - NIB! , Nike Blazer Mid Prm Women's Shoes SizeRebecca Minkoff Womens Black Leather Gold Beaded High Top Sneakers Size 8 IN BOX , Nike Womens Revolution 4 Black/Black Running Shoes Size 8.5 (28025) , Women's BCBGeneration Black Tall Boots,10M BootsAra Goretex Gore-Tex Women's Brown Heels Booties Boots Shoes - SZ 5.5 , adidas Arkyn W Shoes White Women CQ2748 , Wilson Rush Pro 2.5 Women's Tennis Shoes for All Court White Racket WRS322700 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Sbicca SZ/Color. Womens Velveteen Bootie- Ankle Bootie- Pick Pick SZ/Color. 89c147d Boots
Powered by VIP.