The Buzz
All markets and investing news all the time

Women's juicy couture Rainboots Rainboots localjoes-27689 Size 6 Size Boots 43701b5

Item specifics

Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Brand: Juicy Couture
Color: Black Style: Rainboots
Heel Height: Low (3/4 in. to 1 1/2 in.) Width: Medium (B, M)
Material: Rubber

Women's juicy couture Rainboots Rainboots localjoes-27689 Size 6 Size Boots 43701b5 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's juicy couture Rainboots Rainboots localjoes-27689 Size 6 Size Boots 43701b5
Women's juicy couture Rainboots Rainboots localjoes-27689 Size 6 Size Boots 43701b5 -

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%.

Women's juicy couture Rainboots Rainboots localjoes-27689 Size 6 Size Boots 43701b5

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's juicy couture Rainboots Rainboots localjoes-27689 Size 6 Size Boots 43701b5 -
About This Author
Women's juicy couture Rainboots Rainboots localjoes-27689 Size 6 Size Boots 43701b5 -
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
Women's LOVE COULShoes 349115 Beige 24.5cm BootsWomen's Bottes No Name Taille 40 Boots , Women's Naughty Monkey Lysandra Booties BootsWomen's Bottines dames neuves T39 Boots , Women's Novacas Tabron vegan chaussures T41 Boots , Women's Bottes Bocage Taille 36 BootsWomen's Bottes No Name Taille 39 BootsWomen's Novacas Tabron vegan chaussures T36 Boots , Women's Dr martens hackney boots Boots , Women's Masseys Addie Women's Boot BootsWomen's Aerosoles Women's My Time Boot Boots , Women's Bottes Tbs Pointure 39 Boots , Women's Qupid Cutout Peep Toe Booties Boots , Women's Lucky Women's Lk-Maldeev Boot Boots , Women's Ladies Boots T-Tex 8.732203 BootsWomen's Novacas Tabron vegan chaussures T40 BootsWomen's LifeStride Women's Unity Harness Boot BootsWomen's Ankle Boots Like Zara Boots , Women's Women's Slip-Resistant Waterproof Snow Boots Boots , Women's Bottes No Name Taille 37 Boots , Women's Women Cross-tied Platform Shoes Boots , Women's Michael Antonio Women's Piper Boot BootsWomen's Bottes Reqins Mistral 37 Boots , Women's Bottes No Name Taille 38 Boots , Women's SCARPA Hiking Boots, Size 5.5 BootsWomen's Giesswein Zeching 58/10/46397 Women's Wellies Boots , Women's Minnetonka Women's Chrissy Slipper Bootie BootsWomen's Bottes No Name Taille 41 Boots , Women's SUBLIMES BOTTES GARDENIA NEUVES!!!!!!!! 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 Bakers Boots Sz 6.5 M Knee High Leopard Stretch Fabric 3.5" Heels Shoes Pointy , WOMENS/GIRLS LEATHER WESTERN BOOTS SIZE 7M NICE!!Elaine Turner Open Toe Snakeskin Bootie Size 6 Shoe Boot New WomensBCBGENERATION Womens Boack Leather Ankle Boots Size 6.5 M , A.N.A. BRAND Brown Leather Mid-Calf High Heel Boots Size 9 MEarth Women's Crusade Boot, Black Leather, 6.5 M US , NEW Women's Fashion Shoes Mid Calf Military Combat Boots Studded Black BrownMadden Girl by Steve Madden Womens Brownie Taupe Booties 5.5 Medium (B,M) 2939SOFFT Arinos Buckle MULES Ladies size 8.5 M Brown Leather HEELS Boots New , Propet Women's Lumi Ankle Zip Snow Boot , Women’s Ankle Boots Taupe Sz 10 NWTSbicca Womens Rayanne Ankle Bootie- Pick SZ/Color.Shellys London Womens fletcher Closed Toe Ankle Fashion Boots Black Size 6.0Earth Topaz Black Genuine Leather Sz 8.5 B Zip Up Ruched Ankle BootsOscar Sport Italy Black Fur Boots Snowflakes Size 41 US 10Lucky Brand Women’s LK-Lakmeh NuBuck Peep Toe Ankle Boots Black Size 7.5 NIB , Dolce Vita 'Sierra' Bootie- Size 7.5- Black , Gentle Souls By Kenneth Cole Penn Flats - Women's Size 8.5 M, Black , Ladies Padders Wide Fitting Casual Shoes JessicaTory Burch Royal Blue Ballerina Flats Size 10M Ballet Flat Shoes LeatherRag & Bone Eisa Suede Shearling-Lined Clogs, Style W2767F4891, Size 8SKECHERS On The Go City 3.0 Renovated Womens Size 7 Black Walking Shoes F4-543Women's Merrell Siren Sport Waterproof shoes size 7Nike Classic Cortez - Women's White/Red Crush Leather 07471108 , Saucony Women's Grid Cohesion 10 Grey/Coral Ankle-High Running Shoe - 8MNike Womens Lunar 3 Flyknit Running Sz 7 , NIB Teva Womens W Freewheel Corduroy Sneakers Black size 9 , Skechers Women's EZ Flex 3.0-BE YOU 23480 Natural Brand NewWomen's Saucony Kineta Relay Athletic ShoesWomen's JONAK Shoes 600474 Blue 38 Flats ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Women's juicy couture Rainboots Rainboots localjoes-27689 Size 6 Size Boots 43701b5 Boots
Powered by VIP.