The Buzz
All markets and investing news all the time

Adidas Womens CG4283 Womens ZU-1153 Size 9 White 27709 Running Athletics Sneakers Shoes ZU-1153 2c589f5




Item specifics

Condition:
Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Color: White
US Shoe Size (Women's): 9 Style: Running Shoes
Width: Medium (B, M) Brand: adidas
EUR Shoe Size (Women's): 41 1/3

Adidas Womens CG4283 Womens ZU-1153 Size 9 White 27709 Running Athletics Sneakers Shoes ZU-1153 2c589f5 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Adidas Womens CG4283 Womens ZU-1153 Size 9 White 27709 Running Athletics Sneakers Shoes ZU-1153 2c589f5
Adidas Womens CG4283 Womens ZU-1153 Size 9 White 27709 Running Athletics Sneakers Shoes ZU-1153 2c589f5 - hollisbaker.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%.

Adidas Womens CG4283 Womens ZU-1153 Size 9 White 27709 Running Athletics Sneakers Shoes ZU-1153 2c589f5

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Adidas Womens CG4283 Womens ZU-1153 Size 9 White 27709 Running Athletics Sneakers Shoes ZU-1153 2c589f5 - hollisbaker.com
About This Author
Adidas Womens CG4283 Womens ZU-1153 Size 9 White 27709 Running Athletics Sneakers Shoes ZU-1153 2c589f5 - hollisbaker.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
 
VANS Old School Limited Edition Hello Kitty TB9C - Men's 10/Women's 12SAS TMV Silver White Leather Walking Sneakers Shoes Women's Size 6 MWomens Summer Leather Breathable Cutout Buckles Plimsolls Sneakers Sandals Shoes , PUMA Fierce Strap Swan Womens Size 10 White Casual Fashion Sneakers Shoes F3-399Coolway Womens Slenbsc Black Athletic Shoes Sneakers 5 Medium (B,M) BHFO 5310Women's Flat Canvas Casual Platform Hidden Sneakers High Top Shoes Ankle Boots , Mizuno Wave Inspire 10 "10th anniversary" Womens Blue Running Shoes Size 8SKECHERS WOMENS GO WALK-LITE SMITTEN WALKING/ATHLETIC [15412/TAUPE] , MERRELL SHOES SIREN ELEPHANT/PINK HIKING/WALKING/SNEAKERS SIZE 6.5 USED GOOD , College Womens Girls Sports Comfy Low Heels Breathable Athletic Sneakers Shoes , J-41 Barefoot Design Vegan Shoes Black/chive Sz 8Women's Brooks Addiction Walker in White All Leather V- Strap Size 10 2E , Tsubo Women's Brown Leather Fashion Sneaker Shoes Size 9M US , Nike Sweet Classic Textile Womens Casual Shoes Sneakers 408182 020 Black Sz 7Nike Fitsole Women US 10.5 Black Running Shoes , KEDS Spirit White Women's 11 Leather Athletic Walking Sneaker Shoe Cheer Sport , Womens Gothic Punk Flat Creepers Shoes Lightweight Comfy Platform Sneakers SportWomen High Candy color cute sweet Hip-hop sport shoe boots fashion Sneakers H2-7 , Women's Jambu Dory - Black - Width: med - Slip Ons , NEW BALANCE WW927TN Tan Nubuck Leather Walking Shoes Women's Size 8 D , Women’s Columbia Brown Hiking Boots Sz 8.6 Razor Ridge Mid II , Women's Patent Leather High Tio Casual athletic Sneakers Flat Heels Shoes Size , Keds Women's Glimmer Splash WX Fashion Sneaker, Navy, SZ 8.5 M NEW DISPLAY D6998SKECHERS BLACK WHITE MEMORY FOAM GEL TENNIS SHOES WOMENS 8M 8 NWT ~ FREE ship! , Puma Womens 10 M Shoes Soliel Gray Suede Leather Green 351406-05 Running SneakerAsics Gel Contend 4 Shoes Womens ShoesWomen Running Shoes Training Sneakers Gym Elastic Outdoor Jogging Walking Shoes , Under Armour Women's Micro G Assert 6 Running ShoeNew Balance Womens Wt620rf2 Black/Silver Running Shoes Size 9 (369520) ,
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 Big Buddha Womens Glow Ankle Boots Black Pari Size: 6 NIB , Ralph Lauren Black Leather Side Zip Knee 4" High Round Toe Heel Boots SZ 6MWomen's Autumn Winter Fashion Casual Platform Low Heels Knee High Boots ShoesVince Camuto Tan Suede Ankle Booties Size 6 , YIN MEKONG TERRANOVA NERO Women's SNOW/WINTER BOOTS SZ 5.5-6 EXCELLENT+ COND. , Camel Color Front Colorful Style Comfortable Sexy Ankle Boot Size 7.5naturalizer Quimby Wedge Ankle Boots 739, Black, 8 US / 38 EUG by Guess Womens Amburr Faux Suede Fashion Casual Boots Shoes BHFO 4693 , Ladies Rieker Warmlined Mid Calf Boots 97279VANELi Womens gemma Suede Almond Toe, Grey suede, Size 6.0 H11aSTUART WEITZMAN Soft Black Leather Black Buckle Mid Calf Low Zip Boots Heels 8 , Aerosoles Fortunate Front Zip Scrunch Ankle Boots, Wine SnakeCOLE HAAN GOLDEN COPPER SLIP ON SANDALS BRAND NEW , MICHAEL MICHAELKORS WOMEN'S HAMILTON LOAFER MONOGRAM JACQUARD Shoes SZ 7.5 BLK , Franco Sarto Womens sylvia Pointed Toe Ankle Strap Espadrille Flats , NIB $1390 KITON Brown Calf Suede Wingtip Tassel Loafers US 6.5 (Eu 37) Shoes , Christian Louboutin Women MONANA Leather Penny Loafer Flat Shoes Black $995TOD'S WOMAN BALLERINA FLATS CASUAL SHOES PATENT LEATHER CODE XXW0KW07730RM0L800PRADA WHITE BLACK TRIM TWO TONE POINTY TOE BALLERINA SHOES FLATS 36.5 6.5 ITALYRieker 41399-14 Antistress Navy Leather Shoe , Propet Women's One LT Sneaker, Lavender/Grey, 8 Medium USNIB Asics GEL-Fit Nova S466N-7764 Training Shoe Gray/Mint/Coral Womens Sz 7.5-10Brooks Womens Variation Blue Walking Shoes Size 9 (2E) (28105)Merrell Womens 7.5 Tuskora Pewter/Peppermint Gray Walk/Running Shoes~157Women's Valentino Rockstud Patent Ballerina Flat Flats , Women's NEW JEFFREY CAMPBELL WOMENS LOAFERS Flats , Women's Thierry rabotin womens shoes 37.5 FlatsWomen's Over the knee boots Boots , Skechers Tredds Interactive Womens Brown Black Leather Comfort Shoes Size 111710 adidas NEO Cloudfoam QT Racer Women's Training Running Shoes BB9848
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Adidas Womens CG4283 Womens ZU-1153 Size 9 White 27709 Running Athletics Sneakers Shoes ZU-1153 2c589f5 Athletic Shoes
187305
1669878
2035420
4626150
7462885
11863224
15405519
16512891
16631077
Powered by WordPress.com VIP.