The Buzz
All markets and investing news all the time

OLD IN NAVY FAUX SUEDE BLACK 27798 PERFORATED PEEP BOOTIES TOE 3 IN HEEL LOW BOOTS BOOTIES 9 532368d




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: Worn once, excellent condition
Accents: Perforated Width: Medium (B, M)
Style: Booties Color: Black
Boot Shaft Height: Ankle Occasion: Casual, Dress, Work
US Shoe Size (Women's): 9 Brand: Old Navy
Heel Height: High (3 in. and Up) Toe Type: Peep Toe
Material: Faux suede Heel Type: Chunky

OLD IN NAVY FAUX SUEDE BLACK 27798 PERFORATED PEEP BOOTIES TOE 3 IN HEEL LOW BOOTS BOOTIES 9 532368d - momosaddison.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
OLD IN NAVY FAUX SUEDE BLACK 27798 PERFORATED PEEP BOOTIES TOE 3 IN HEEL LOW BOOTS BOOTIES 9 532368d
OLD IN NAVY FAUX SUEDE BLACK 27798 PERFORATED PEEP BOOTIES TOE 3 IN HEEL LOW BOOTS BOOTIES 9 532368d - 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%.

OLD IN NAVY FAUX SUEDE BLACK 27798 PERFORATED PEEP BOOTIES TOE 3 IN HEEL LOW BOOTS BOOTIES 9 532368d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
OLD IN NAVY FAUX SUEDE BLACK 27798 PERFORATED PEEP BOOTIES TOE 3 IN HEEL LOW BOOTS BOOTIES 9 532368d - momosaddison.com
About This Author
OLD IN NAVY FAUX SUEDE BLACK 27798 PERFORATED PEEP BOOTIES TOE 3 IN HEEL LOW BOOTS BOOTIES 9 532368d - 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
 
Womens 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 NEWNEW 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 New , 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 NewReba 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 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 ENGLNDJ.Crew Black Double Zip Suede Leather Wedge Ankle Booties Boots - Size 6 , Pointy 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 ToesSporto® 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 39 ,
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 tamika-32 Fashion Ankle Buckle Party Prom Casual Winter Women Boots Taupe 8.5-Naughty Monkey Women's Black Textile Wedge Knee High Boots Size U 9.5Diba Gray Sail Over The Knee Distressed Leather Boots Women's Size 40 , Black MARKON Boot, Size 11M, Leather Upper Gidget.,Was wore once for 30 Minutes , NEW WOMEN’S BABY PHAT CAMERON BP83226 BLACK/STEEL GREYHARLEY DAVIDSON ladies size 7 1/2 harness biker bootsUnisa Womens trinee wc Closed Toe Knee High Fashion Boots Brown Size 9.0 R9Av , LifeStride Pays Ankle Boots - Women's Size 8.5 W, Tan , Ladies Anne Michelle Microfibre Ankle Boots Style F50551NEW MOJO MOXY KHAKI ROCKET BOOTS HEELS SHOES SZ 7.5 , Belleville 220 TRP ST Hot Weather Steel Toe Boot Size 5.5 R Black NEW3.75" Spike Heel Black Stretch Patent Pointy Toe Thigh High Boots Club Glam 6-12 , Bzees Cloud Technology Black Zora Zipper Bootie Ankle Boot 6 New , Adrienne Vittadini Footwear Women's DAINA Ballet Flat, Black, Size 9.5 , Womens 10 M nine west harness buckle boots ankle black leather motorcycle biker , Lacoste Women's Carnaby Evo Fashion Sneaker, PinkDrew Shoes Orchid 14370 Women's Comfort Therapeutic Diabetic Mary Jane Sz 11 M , Anyi Lu Cathryn Black Nappa Old Gold Leather/Metallic Suede 38 was $395 , Adam Tucker Womens Nikki Leather Closed Toe Ballet FlatsDr Martens Rare Sanrio Hello Kitty Leather Mary Jane Shoes-Black/Pink-Size 8 USNike Flex Bijoux Cross Trainer Athletic Shoe Black/White. Woman’s Size 7.5Skechers Womens Skech-Air 2.0 - Discoveries Sneaker- Select SZ/Color. , Grasshoppers Women's Jade Fashion Sneaker, Black Nubuck, Size 7.0 , Women's Leopard print booties BootsCrocs Women's Capri Shimmer Cross-Band Slide Oyster/Cobblestone Slides , Spring Step Women's Jolly Beige Comfort ShoesDr. Brinkmann 320555 Mules Women Scuffs & Mules shoes slippers applications NEWFitFlop Women's Halo Thong Wedge Sandal Rose Gold Leather Thong Sandals , New MARC ECKO RED Women Athletic Casual Walking Flat Sneaker Shoe Sz 8.5 , On 000016.8091 Cloudflash Neon White Women's Running Shoes
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
OLD IN NAVY FAUX SUEDE BLACK 27798 PERFORATED PEEP BOOTIES TOE 3 IN HEEL LOW BOOTS BOOTIES 9 532368d Boots
330131
1773204
5314453
8754897
11260384
15416846
15452453
17791516
18655670
Powered by WordPress.com VIP.