The Buzz
All markets and investing news all the time

Minnetonka 6 Womens Venice Moccasin 8530 Brown Moccasin Boots Shoes 6 Medium (B,M) BHFO 8530 a925799




Item specifics

Condition:
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: Minnetonka
Heel Height: Low (3/4 in. to 1 1/2 in.) Style: Booties
Material: Leather MPN: 452T
US Shoe Size (Women's): 6 Medium (B,M) Width: Medium (B, M)
Material Composition: Leather Color: Brown
UPC: 887449134813

Minnetonka 6 Womens Venice Moccasin 8530 Brown Moccasin Boots Shoes 6 Medium (B,M) BHFO 8530 a925799 - momosaddison.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Minnetonka 6 Womens Venice Moccasin 8530 Brown Moccasin Boots Shoes 6 Medium (B,M) BHFO 8530 a925799
Minnetonka 6 Womens Venice Moccasin 8530 Brown Moccasin Boots Shoes 6 Medium (B,M) BHFO 8530 a925799 - 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%.

Minnetonka 6 Womens Venice Moccasin 8530 Brown Moccasin Boots Shoes 6 Medium (B,M) BHFO 8530 a925799

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Minnetonka 6 Womens Venice Moccasin 8530 Brown Moccasin Boots Shoes 6 Medium (B,M) BHFO 8530 a925799 - momosaddison.com
About This Author
Minnetonka 6 Womens Venice Moccasin 8530 Brown Moccasin Boots Shoes 6 Medium (B,M) BHFO 8530 a925799 - 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
 
Isaac 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 HeelSperry Top-Sider Waterproof Rubber Rain Boots - Size 8 , Women Fashion Non-Slip Cartoon Print Girls Waterproof Ankle Rainboots Shoes CuteNew Womens Knee-High Buckle Riding Boot Faux Leather Shoes Black,Cognac DORIC-SMerrell Tundra Women's Black Leather Waterproof Insulated Ankle Boots - US 6 , BEARPAW® 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 7B , Sporto® Maria 3 Water-Resistant Tall Boot Buckle Zipper BLACK 9W NEW 580-127 , ENZO ANGIOLINI WOMEN'S "JENYA" BEIGE SUEDE KNEE-HIGH BOOTS, SIZE 6MKeds 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 7 , JOHN 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 6Pointy Toe Block Chunky Clear Perspex Lucite Heel Ankle Boot Bootie ShoesWomens Warm Pull On Shoes Trendy Suede Faux Fur Furry Winter Snow Mid-Calf Boots , Born 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 M , Stylish Tan Leather with Buckle details Boots from Cecci - Size 39MINNETONKA Ladies Suede Moccasin Boots Size 8.5MAldo Black Leather Side Zip Platform Block Heel Ankle Boots Booties Sz 10NEW . EYE CATCHING .Cougar . Women's Black Biker Rain Boots w. Floral Design . 7 , ULU 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
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 Ladies Block High Heels Chelsea Ankle Boots Platforms Shoes Winter Size , LADIES BLACK WELLINGTON WITH TOP BUCKLE STYLE - X1169 , SAM & LIBBY Philipa Women Ankle Boots Size 10 M Grey Suede Leather Stiletto Heel , Fuchsia nn Ankle Boots Stilettos Platform Womens 5" Heel Booties Shoes Size 6.5NWT CROCS CROCBAND AIRY BOOTS RASPBERRY pink / TURQUOISE blue 7 8 9 10 11 WOMEN , Naughty Monkey decora suede boots SIZE 8.5KK-9 Kelly & Katie Women's Paisley Rain Boots, Size 9M USBrinley Co Women's Spiro Ankle Boot, Brown, Size 7.0 PEBhSoft Walk Women's Dartmouth Casual Dress Ankle Boots Dark Brown Size 10N , JB Dillon Distress Black Inlay Genuine Goat Skin Leather Cowboy Boots Size 6.5 BAdrienne Vittadini Knee High Riding Boot Women size 7.5 Blacklouise et Cie Crushed Velvety Ankle Boots Size 10MBRAND NEW Nine West Women's wedge sandal in camel color , size 8.5 , (Size 6 M) FRYE Tall Black SHIRLEY SHIELD BOOTS Riding Leather , Free People Cecile Ankle Boot - Women's Size 8, Black , Trotters Womens leatha Closed Toe Ankle Strap Loafers Bone Size 10.0Tecnica Vintage Goat Fur Winter Ankle Zip Front Fleece Lined Boots 40 GUC , I35 Hadli Wide Calf Over The Knee Boots, Warm Taupe, 7.5 US , SAS Metro Women's Loafer 7M, BronzePuma Safety 642885 Stepper Womens Black Low Steel Toe SD Oxford Work Shoes , Sesto Meucci Women's Black Leather Tassel Loafers Size 4.5 MAnne Klein AK Sport Women's Oksie Fabric Ballet Flat$595 New Charlotte Olympia MID CENTURY KITTY Flats Blush Pink Velvet Shoes 42100% AUTHENTIC TORY BURCH TASMIN CANVAS BOW FLATS, ESPADRILLES, SIZE 9, NEWAlexander McQueen Suede Navy Sequin Skeleton Moccasins Flats Shoes Sz40 , Casual Street Womens Pointy toe Shoes Low Heel Slip on Loafers Suede Leather newAdidas Gymbreaker Bounce Womens Running Shoes Fitness Gym Trainers PinkNike Fly Wire Quick Fit Free XT Women's 9 1/2 Athletic Shoes US Womens Size 9.5Dansko Brown Tooled Floral Leather Clogs, Size / US 6.5 -7 , SKECHERS 12118 Skechers Womens Dynamight - Fleetly- Choose SZ/Color. ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Minnetonka 6 Womens Venice Moccasin 8530 Brown Moccasin Boots Shoes 6 Medium (B,M) BHFO 8530 a925799 Boots
3515625
5759280
5895263
9367290
9908074
9978377
11692709
15585852
17353056
Powered by WordPress.com VIP.