The Buzz
All markets and investing news all the time

Ladies Spot On Boots Ankle Spot Boots F50480 00c20ee

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
Style: No data
Width: Various US Shoe Size (Women's) 1: Various size
Main Colour: Various Brand: Spot On
Fastening: Zip and Lace Up

Ladies Spot On Boots Ankle Spot Boots F50480 00c20ee -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Ladies Spot On Boots Ankle Spot Boots F50480 00c20ee
Ladies Spot On Boots Ankle Spot Boots F50480 00c20ee -

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%.

Ladies Spot On Boots Ankle Spot Boots F50480 00c20ee

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Ladies Spot On Boots Ankle Spot Boots F50480 00c20ee -
About This Author
Ladies Spot On Boots Ankle Spot Boots F50480 00c20ee -
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
Ladies Spot On Mid Calf Heeled Boots The Style - F506233 Color Sexy Fashion 6" High Heels Zipper Womens Knee-High Boots Party Shoes , Spot On F50348 Ladies Block Heel Platform Boots NEW IN , Ladies Spot On Boots Style - F50329 , Spot On F50274 Ladies Faux Furr Top Synthetic Casual Boots ~ 3 Colours , Ladies Spot On Boots Style - F50487 , Spot On F50168 Ladies Brown Mid Calf Pull On Boots NEW IN , Ladies Hi Tec Boot Style - New Moon , Ladies Spot On Ankle Boots Style - F504053 Color Sexy Faux Suede / Leather Buckles Zip High Heels Womens Knee-High Boots , Ladies Spot On Boots Style - F5684 , Ladies Spot On Boots Style - F4367Ladies Spot On Cowboy Boots The Style - F50048 , L9320 Ladies Tan Weathered Effect Boots SALE , Black Multi Faux Leather Zipper Open Silp On Sexy High Heels Women Ankle Boots , Spot On F50037 Ladies Mid Calf Skull Boots SALE , Ladies Coco Ankle Boots Style - L8635 , Anne Michelle L9320 Ladies Black Mid Calf Boots SALESpot On F50330 Ladies Fleeced Lined Knee High Boots Available in 2 Colours , 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 ColoursCoco L8626 Ladies Cow Boy Style Ankle Boots Available in 2 ColoursSpot On! F50037 Brown PU Pull On Casual Mid Calf Boots With Skull Studs , Ladies 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
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 WOMENS ANDREA BERTOCCO FRINGE COWBOY LEATHER BROWN BOOTS SIZE 6New Women's Fashion Mid Calf Boots Brown Camel winter snow Ladies shoes size 6Skechers Taupe Suede Printed Faux Fur Pull on Polar Adorbs Boots 11 Sale , new ladies Black 5"Stiletto High Heel Sexy Long zip over Knee Boots Size 8New Women's Cuffed Woolen Buckle Strap Block Middle Heels Knee High Boots CasualSeychelles Women's Impossible Ankle Boot, Pewter, Size 8.5 9WgYClarks Merrian Dolly Brown pebble leather Knee Boots ladies 6.5 Wide New , G BY GUESS WOMEN'S AZZIE COLD WEATHER BOOTS GOLD 6.5M - Original Retail $69Marc Fisher Womens Cadis Suede Almond Toe Ankle Fashion BootsHarley Davidson Black Leather Belted Biker Heels 6/37 Motorcycle Boots (1927)Chinese Laundry Flash Knee High Boots - Women's Size 7.5, CognacClarks Riddle Avant Ankle Moto Boots Womens 7.5 M Black Buckle Bootie Side Zip , New Jeffrey Campbell Bootie Dulles Monk Strap Flats In Black Leather Size Us6 , Cliffs by White Mountain Womens Kansas Fabric Closed Stone/Sweater Size 10.0 L , Madden Girl Womens Denice Closed Toe Ankle Fashion Boots Cognac Paris Size 7.5 , Kiss 200-16 Black Leatherette Platform Foldable Ankle Boot Shoe Zipper FrontMarc Fisher Womens NWB Trist2 Black Boots Shoes 8 MED NEWCatherine Malandrino Morcha Faux Fur Lined Over-the-Knee Boot - Taupe Size:7.5 , J Crew JCrew Flats Shoes 12 12M 12B 42 , Womens Flats Celine 39 Leather Animal Print Pointed Toe FlatsCLARKS Channing Kim 'Soft Cushion' Black Comfort Dress Shoes (12W) EXCELLENTJENNI KAYNE Beige Camel Tan Nude Suede Leather Pointed Toe Slide Flat Mules 37Dansko Hillary Women's Pewter Metallic Leather Sneakers Shoes Size 40 / 9.5 - 10 , Women Black British Loafer Pull on Leather Collegiate Low Heels Pointy Toe ShoesTory Burch Jolie Women's Ruffle Black Burgundy Leather Ballet Flat Sz 10.5M 456741631 auth NICHOLAS KIRKWOOD multicolor MEXICAN canvas Espadrille Flats Shoes 40 , Women's Shoes Fitflop Uberknit Slip On Ballerina Flats O83-618 Pearl *New* , Aldo Womens Merane-n Fashion Sneaker- Pick SZ/Color.WOMEN`S NIKE FLEX TRAINER 7 ATHLETIC SNEAKERS SIZE 10M NEW WHT , Osiris Women's Uprise Skate Shoe Purple/Pink/Lime 11 M US (J,0) ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Ladies Spot On Boots Ankle Spot Boots F50480 00c20ee Boots
Powered by VIP.