The Buzz
All markets and investing news all the time

Totes Boot 19449 Women's Joni Snow Black Waterproof Boot - Size WNB 9 Wide - WNB f4879c6

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
Country/Region of Manufacture: China
Width: Wide (C, D, W) Style: Winter Boots
Pattern: Quilted Boot Shaft Height: 9.5"
Features: Waterproof Calf Width: Wide
Color: Black US Shoe Size (Women's): 9
Occasion: Casual Heel Height: Low (3/4 in. to 1 1/2 in.)
Brand: Totes Material: Manmade
Toe Type: Round Toe UPC: 889260323513

Totes Boot 19449 Women's Joni Snow Black Waterproof Boot - Size WNB 9 Wide - WNB f4879c6 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Totes Boot 19449 Women's Joni Snow Black Waterproof Boot - Size WNB 9 Wide - WNB f4879c6
Totes Boot 19449 Women's Joni Snow Black Waterproof Boot - Size WNB 9 Wide - WNB f4879c6 -

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%.

Totes Boot 19449 Women's Joni Snow Black Waterproof Boot - Size WNB 9 Wide - WNB f4879c6

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Totes Boot 19449 Women's Joni Snow Black Waterproof Boot - Size WNB 9 Wide - WNB f4879c6 -
About This Author
Totes Boot 19449 Women's Joni Snow Black Waterproof Boot - Size WNB 9 Wide - WNB f4879c6 -
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
ENZO 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 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 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 BootsBorn 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 , MINNETONKA Ladies Suede Moccasin Boots Size 8.5M , Aldo Black Leather Side Zip Platform Block Heel Ankle Boots Booties Sz 10 , NEW . 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 ShoesEarth 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 BootBRAND NEW woman Boot up to the knee black Riding style size 7.5 usa 38 Europe , Women's Snow Boots Fashion Winter Short Boots , New Womens Flat Heel Over The Knee High Boots Round Toe Party Shoes Snow Boots , Bjorndahl "Vada" Tan Suede Knee High Chunky Heel Round Toe Boots Women's Size 6M , Madden Girl by Steve Madden Womens Fancie Red Ankle Boots 9 Medium (B,M) 9787 , Naturalizer Booties Womens US 7.5M Black Leather N5 Comfort Ankle Zip 3" Heel , Sole Society Flynn Suede Leather Tie Det. Side Zip Ankle Boots Womens 9 M Rust +Soda Women's Platform Raver Gothic Punk Creeper Boots Shoes Size 6 1/2 J-T-PRUE 21 etc! - Black Quilted Boots, 1.5" Platform w/ 5" Heels, Size M (7-8)Easy Spirit Bacca Women Ankle Boot Brown Nubuck Leather Zip Up Shoe 6 M Winter
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 Dingo Olivia Womens 6.5M Western Slouch Boots Black Leather A77Bearpaw Womens Black Suede Sheepskin Winter Boots 10MCabela's Rimrock Hikers Gore-Tex Brown Leather Trail Hiking Boots Women's US 7B , MARC FISHER Prenna Brown Suede Leather Slip On Mule Peep Toe Size 9.5 NIB $89SC35 Keppur Flat Riding Boots, BarrelAerosoles GREEN ZIPPER BOOTS WOMENS SIZE 6 1/2 M ENTORAGE , New Ankle Buckle Women's Autumn/Winter Fashion Block Heels Ankle Boots Shoe mopJAIME MASCARO suede with leather lining BLACK full zipper mid calf BOOTS 37 7 , Boutique 9 Distressed Taupe Ankle Boot Size 8.5 , Code West Womens Western Cowboy Boots Sz 7 M Ruby Red LeatherSalomon High-Quality Gore-Tex Padded Winter/Hiking Boots US Women's 7.5/39 1/3 , Vince Warner Gray Womens Shoes Size 5 M Athletic MSRP $250FitFlop Womens Houndstooth Print Superskate Slip-on Loafer- Pick SZ/Color. , ARRAY Womens Freedom Leather Square Toe Loafers, Blue, Size 10.0 , SANUK SIENA BLACK / BROWN NAVAJO TALL SLIP ON BOOT US 9 / / NIB , JOJO Women's Lou Casual Leather Mary Jane Sandals Shoes Brown Size 41Dolce Vita, Tan Suede Leather, Ankle Boots, US 7 Eur 38 , JAMBU by JBU Women's Black Boots Weather Ready All Terra Traction NWBGiuseppe Zanotti Black Satin Crystal Embellished Loafers SZ 40SoftWalk Women's Napa Mj Mary Jane FlatCYDWOQ BLACK LEATHER SANDAL/SHOE: WOMEN's Size 38.5 European , FRYE Women's Melanie Slip-on Fashion Sneaker 7 M US$248 NWT TORY BURCH PERFECT BLACK LEATHER BENTON CAP TOE BALLET FLAT SIZE: 9Handade] Womens Shoes Manon Glove Flats Loafers Leather Goat Soft Fall BalletJ CREW RED PLAID BLACK D'ORSAY FLATSNEW NEIL BARRETT heels shoes mules leather $598 37 designer high end metallicJ Crew Academy Loafers Size 8 1/2 Metallic Gold Shoe style number H1872 , FitFlop Womens Superbendy Ballerinas Loafer Flat Black 1 8 M USLADIES SHOES/FOOTWEAR - Cabello sandal 5046 red size 40/9 , Girls Patent Leather Buckle Strap Motorcycle Boots Women Platform Heel Shoes New
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Totes Boot 19449 Women's Joni Snow Black Waterproof Boot - Size WNB 9 Wide - WNB f4879c6 Boots
Powered by VIP.