The Buzz
All markets and investing news all the time

Charlotte Dimphy Ronson Dimphy Bootie Women's Black localjoes-27793 Scallop Edge Bootie a463bf3




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: Charlotte Ronson
Width: See Size Style: Boots
Color: Black MPN: PA7183
Material: Suede

Charlotte Dimphy Ronson Dimphy Bootie Women's Black localjoes-27793 Scallop Edge Bootie a463bf3 - momosaddison.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Charlotte Dimphy Ronson Dimphy Bootie Women's Black localjoes-27793 Scallop Edge Bootie a463bf3
Charlotte Dimphy Ronson Dimphy Bootie Women's Black localjoes-27793 Scallop Edge Bootie a463bf3 - momosaddison.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%.

Charlotte Dimphy Ronson Dimphy Bootie Women's Black localjoes-27793 Scallop Edge Bootie a463bf3

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Charlotte Dimphy Ronson Dimphy Bootie Women's Black localjoes-27793 Scallop Edge Bootie a463bf3 - momosaddison.com
About This Author
Charlotte Dimphy Ronson Dimphy Bootie Women's Black localjoes-27793 Scallop Edge Bootie a463bf3 - momosaddison.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
 
MINNETONKA Ladies Suede Moccasin Boots Size 9MMadden Girl Womens Combat Taupe Combat Boots Shoes 8.5 Medium (B,M) BHFO 1233Franco Sarto Womens Petite Black Motorcycle Boots 6.5 Medium (B,M) BHFO 7593Bearpaw Womens Adele Boot Hickory/chocolate/charcoal soft suede all over comfortSanita Brown Leather Ankle Boots Wedge Heel Rubber Sole Studs Sz 39 / 8-8.5 , SOCOFY Womens dark gray brown flower Ankle comfort boots shoes 7M 37Womens Dr. Martens Shoreditch Cherry Red Canvas Ankle Booties Boots Sz US 7 38COLE HAAN Women’s Size 5B Riding Mid Calf Boots Croc Print Brown Leather x100Lamo Emerald Green Suede Button Whipstitched Faux Fur Ankle Boots NEW , NEW Code West 05-80535 Women Fringe Brown Suede Leather Western Boots 6.5M $115Jellypop Women's Blake Zipper Ankle Booties Size 7M, Sand Distress 610NINE WEST Granny Grunge Ankle Boots Size 8.5 M Women's , Cougar Waterproof Rubber Pineapple Design Black Woman's Shoe Size 6 Medium NewIsaac Mizrahi Live Vanessa Leather Ankle Booties w/Goring Womens 9.5 M Navy ~ , High Stilettos Heels Knee High Boots Tassel Autumn Womens Shoes Plus Size New , Reba Brazen Women 9.5 Bootie Shoe Black Metallic Ankle Boots Western Cowboy Heel , Sperry Top-Sider Waterproof Rubber Rain Boots - Size 8Women Fashion Non-Slip Cartoon Print Girls Waterproof Ankle Rainboots Shoes Cute , New Womens Knee-High Buckle Riding Boot Faux Leather Shoes Black,Cognac DORIC-SMerrell Tundra Women's Black Leather Waterproof Insulated Ankle Boots - US 6BEARPAW® Maggie Suede Sheepskin Boot knit fabric NeverWet® BLACK 6M NEW 571-230 , WOMENS ARIAT FATBABY 14930 BRN WORN LEATHER COWBOY WESTERN BOOTS SZ 7 B 7BSporto® Maria 3 Water-Resistant Tall Boot Buckle Zipper BLACK 9W NEW 580-127ENZO ANGIOLINI WOMEN'S "JENYA" BEIGE SUEDE KNEE-HIGH BOOTS, SIZE 6M , Keds Women's Snowday Bootie Snow Boot , Dolce Vita Honey Brown Leather Tatum With Fur Trim Ankle Boots SZ 9 $242 Booties , NORTHSIDE 915827W WOMEN'S SLOAN LIGHTWEIGHT TALL WINTER BOOTS, FAUX FUR US 7JOHN FLUEVOG ANGEL SOLE BROWN LOAFERS WOMEN'S SIZE US-W-8 UK-6 MADE IN ENGLND , J.Crew Black Double Zip Suede Leather Wedge Ankle Booties Boots - Size 6 ,
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 Nine West Women's Red Thayer Fabric Pump Size 6 1/2 mVince Camuto Black Double-Fringe Boot Zip Ankle US 8 Suede Leather~ Pretty! L�KMadden Girl Sulleryy Brown Ankle Boots Sz 9 MFossil Gray Leather Mid Calf Boho Boots Woven Leather Detail Sz 9MFASHION LADIES WOMEN'S FLAT HEEL ANKLE BOOTS WINTER SHOES FAUX SUEDE SIZE FB-490 , Batman v Superman Wonder Woman Diana Cosplay Shoes Women Knee High Boots , Bandolino Women's Boots Size 10M Black Suede Wedge Heel Zipper Ankle BootsLADY'S SAM EDELMAN TROY BROWN LEATHER SIZE 6.5 , Marc Alpert Collection Made in Italy Maria Pia Brown Leather Tall Riding Boots 7 , TOMMY HILFIGER Women's Coreen Knee High Rubber Rain Boots Black Size 10M , EUC Tory Burch Red Canvas Logo Slip On Sneakers Flats Size 5.5 US A7ALEXANDER WANG Devon Leather Espadrille Sneakers - White/Black - Sz 38 - $375+New Womens Flat Shoes Comfort Pointy Toe Loafers Bowknot Slip On Solid Leisure X , EMU Australia Womens Sheepskin Amity Moccasin - Charcoal - 7Lanvin Paris Python Ballet Ballerina Flats Shoes Yellow Straw Beige 36.5 EU $995YSL Yves Saint Laurent Animal Print Fur Slipper Flats Shoes $725 40 10Donald J Pliner White Black Python Print Slip On Elen Loafer Shoe 9.5 NewVince Camuto Maita Picket Fence Fine Grain Leather Flats Size 5M NIB , Versace 19.69 7502 SOFTY GAIN Loafers Women's Grey USAvon Curves Women's Flex Sneaker Shoes Size 9.5 - Blue - NEW Free Shipping , Lucky Womens Bayleah 3 High Top Studded Sneaker Ivy Green Suede Size 8.5 M US , Rachel Zoe Baye White Soft Calf LTHR Loafer Size 11M D857/Converse All Star Chuck Taylor DC Batman Black High tops Size 7.5 men 9.5 women , Minnetonka Women's Baja Boot Turquoise Suede , New Balance Womens WX811BK2 Black Trainers Sneakers 9.5 Medium (B,M) BHFO 7564Women's Reebok Runner Sneaker Athletic ShoesWomen's CLARKS Women's Everlay Elma Oxford Flats , Women's Pre-loved Tieks size 8 Starstruck Flats , Womens Platform High Heels Shoes Ankle Boots Platform ZipChains Rivets PunkBOOTPunk Women's England Pointed Toe Pu Leather Ankle Boots Cuban Heel Chelsea Shoes
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Charlotte Dimphy Ronson Dimphy Bootie Women's Black localjoes-27793 Scallop Edge Bootie a463bf3 Boots
531764
4885724
6390734
6537568
12649477
14838546
15104475
15535367
19060089
Powered by WordPress.com VIP.