The Buzz
All markets and investing news all the time

Fashion Women winter Shoes plus size warm Snow Boots localjoes-27674 Wedges Knee-high winter Shoes 67e1d10

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
Modified Item: No
Material: Suede Style: Winter Boots
Brand: Unbranded Boot Shaft Height: Knee-High
Heel Type: Wedge Heel Height: Med (1 3/4 in. to 2 3/4 in.)

Fashion Women winter Shoes plus size warm Snow Boots localjoes-27674 Wedges Knee-high winter Shoes 67e1d10 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Fashion Women winter Shoes plus size warm Snow Boots localjoes-27674 Wedges Knee-high winter Shoes 67e1d10
Fashion Women winter Shoes plus size warm Snow Boots localjoes-27674 Wedges Knee-high winter Shoes 67e1d10 -

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%.

Fashion Women winter Shoes plus size warm Snow Boots localjoes-27674 Wedges Knee-high winter Shoes 67e1d10

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Fashion Women winter Shoes plus size warm Snow Boots localjoes-27674 Wedges Knee-high winter Shoes 67e1d10 -
About This Author
Fashion Women winter Shoes plus size warm Snow Boots localjoes-27674 Wedges Knee-high winter Shoes 67e1d10 -
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
Minnetonka Black Suede Women's Dixon Buckle Strap Ankle Boot 9 40 NewSuede Ruche Cuff Ankle Boots Black Brown Grey , L Sexy Womens Slim Fit Shoes Suede Over Knee Thigh High Heels Casual Boots New , AnnaKastle Womens Western Inspired Ankle Boots BlackTsubo Womens Sz 6 Brown Suede Ankle Boots with Leather Trim Sherpa Lining , Therapy Sarita Stretch Lycra Stiletto Boots in BlackThe North Face Shellista Snow Boot Size 7 Womens Brown Leather Winter Shoe , Hush Puppies Women's Cyra Catelyn HW05490-252 in Taupe Suede Sz 6-9 NEW , Womens 6 W Handmade in Mexico brown leather pointed toe cowboy boots western NEW , Mimco leather ankle boots 36 6 new no tags brown loafer flat booties rrp$299womens sexy stretchy faux suede over knee thigh pointy toe chunky heels bootsWomen's Platform High heel shoes Stilettos Round toe Silver Boots Patent LeaterSequins Women's Stilettos High heel Open toe shoes Side zip Ankle boots Oxfords , ZiGiny Black Leather Moon/Stars Zip Ankle Womens Cowboy Boots Size 6MZero + Maria Cornejo Womens Ankle Boots Size 39.5 9.5 Black Leather Round Toewomen PU leather stitching buckle side zipper block heels square toe ankle bootsLamb Footwear Blue Suede Boots w/ Faux Fur size 6 NEW NIBWittner 'Kandi' White Leather Ankle Go Go Platform Boots S38 , Womens 6 W Handmade in Mexico black leather motorcycle harness boots square toe , new RALPH LAUREN women shoes rain boots brown size 5B MSRP $149 , Minnetonka Brown Suede Leather 2 Layer Fringe Moccasin Boots Womens 8 , Suede Faux Leather Ruffle Trim Edge Ankle Booties Shoes Black Grey RedAnnaKastle Womens Pointy Toe Comfort Side Gore Bootie Boots BlackCharming Womens Slim Over the Knee Thigh High Leg Flats Suede Riding Boots ShoesAnnaKastle Womens Pointy Toe Multi Belted Boots BootieSENSO Viola booties In Black size 38VTG Cole Haan Mid Calf Boots Brown Leather Size 8 M Brazil , fashion Womens round toe furry warm ankle boots snow boots block high heel shoesAnnaKastle Womens Ring Accent Ankle Bootie Boots ,
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 Madden Girl Miles Round Women Toe Synthetic Mid Calf Boot Black/Red Size 7MGAP Chic Black Suede High Heel Slouchy Fold Fall Stiletto Fashion Boots Women 9 , VTG WOMENS DIBA COWBOY LEATHER GRAY BOOTS SIZE 37 M , PINK VICTORIA SECRET FUR LINED MUKLUKSWomen's Multi Color Strap Studded Combat Ridding Winter Boots Shoes Sz 6-10 , Not Rated Womens Enzo Taupe Distressed Booties Shoes 6.5 Medium (B,M) BHFO 5960Joie Women's Dalton Suede Ankle Boots Size 39 , new ladies Burgundy 1.5"Hidden Wedge Round Toe Buckle sexy knee Boot Size 5.5 , NIB TAHARI $149 WOMEN'S TA-GIDEON BOOTS 8M COMFY MEMORY FOAMSexy Women Shoes Flat Heel Solid Color Long Pointed Toe Knee High Boots SSNew Women Breckelles Gail-27 Leatherette Chelsea Block Heel BootieWomen's Steve Madden Orlene Shoes Black Synthetic Over the Knee Boots Sz 7 M NEWTeva women boots tall brown leather lined mid calf 11 winter waterproof Tonalea , Justin Gypsy L9905 6.5b Womens Black And Turquoise Leather Boots , Funtasma 3" Block Heel Matte Silver Stretch GoGo Knee Boots Hero Cosplay 5-16NWOT Black Size 39 Cordani Ankle Boots NWOT Black Size 39 Cordani Ankle BootsMEPHISTO FRANCE brown grained leather oxfords 7M (USA) excellent conditionEcco Biom Women's Pewter/Multi Color Flats 38 , Ariat Womens Westlake Clogs Sz 11 B Midnight Blue / Black Nubuck Pro Shoe Bootie , New Balance Womens Ww928hw2 White Walking Shoes Size 12 (326156)Nu by Neo Vidoretta Punta Espadrille - GOLD , Nike Free TR 8 White/Black Womens Training Workout 2018 ALL NEWNike Womens Air Max 90 Ultra 2.0 Flyknit Sneakers Trainers White PlatinumCapezio Dance Women's Leather Cobra 2033 Light Pink Dance ShoesBrooks Addiction Womens Running Shoes Size 11 , Adidas Originals Superstar Shell Toe Leather Sneakers! New! Sz. 8 Msrp $90.00Women's Nine West Women's Haywood Boots , New Women FPS Brown Tan Black Riding Knee High Boots sz 5.5 to 10Womens Ladies winter Platfrom wedeg heel Ankle Boots , Birkenstock Papillio Clog 36 Narrow Black Gray Red Ladies 5 5.5 EUC ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Fashion Women winter Shoes plus size warm Snow Boots localjoes-27674 Wedges Knee-high winter Shoes 67e1d10 Boots
Powered by VIP.