The Buzz
All markets and investing news all the time

Nike 416 Womens Zoom Winflo 4 Winflo Running Trainers 898485 Nike Sneakers Shoes 416 6247c42

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
Brand: Nike
Activity: Running Product Line: Zoom
Lining: Textile Material: Textile
Sole: Rubber MPN: 898485-416
Main Colour: black white medium blue 014

Nike 416 Womens Zoom Winflo 4 Winflo Running Trainers 898485 Nike Sneakers Shoes 416 6247c42 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Nike 416 Womens Zoom Winflo 4 Winflo Running Trainers 898485 Nike Sneakers Shoes 416 6247c42
Nike 416 Womens Zoom Winflo 4 Winflo Running Trainers 898485 Nike Sneakers Shoes 416 6247c42 -

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%.

Nike 416 Womens Zoom Winflo 4 Winflo Running Trainers 898485 Nike Sneakers Shoes 416 6247c42

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Nike 416 Womens Zoom Winflo 4 Winflo Running Trainers 898485 Nike Sneakers Shoes 416 6247c42 -
About This Author
Nike 416 Womens Zoom Winflo 4 Winflo Running Trainers 898485 Nike Sneakers Shoes 416 6247c42 -
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
NIKE FREE WOMENS RN 2017 RUNNING SHOE, BLACK/WHITE/DARK GREY, 880840 001, SZ 6.0[CQ2748] Womens Adidas Arkyn W Running Sneaker - White , [AC8765] Womens Adidas Arkyn W Running Sneaker - BlueWomen's Nike Air Max 90 Ultra 2.0 EZ Coral Sneakers size 7 , Women's Shoe PUMA Basket Platform Core Leather Sneaker 36404004 White Gold *New* , NWT Women's Nike Air Max Torch 4 Running Shoes 343851 012 Sequent , New Women's Nike Air Presto Flyknit Ultra Athletic Sneakers 835738 401 Size 7.5WOMEN'S SHOES SNEAKERS REEBOK CLASSIC LEATHER NUDE [CN1504] , New Adidas BW0324 AlphaBounce EM Running Training Athletic Shoes Blue Womens 10Nike Free RN 2017 Black/White/Dark Grey Running Womens Shoes 880840-001Adidas Ultra Boost ST W, Women Size 8.5 -10 B, EnergyBlue/EasyGreen, BA7834 NEW! , NIKE Air Max 90 Ultra SE Running Shoes Womens Sz 9 Black White 859523 200 , (397292-500) WOMEN'S NIKE AIR MAX 24-7 CLUB PURPLE/BLACK/WHITE , Women's Nike Air Max Dynasty 2 Running Shoes, 852445 001 Mult Sizes Anthracite/G , Nike Free RN Flyknit 2017 Womens Running Shoes 880844 400 Size 76.5 WOMEN'S LOOK AT ME Nike Air Zoom Ultra TOUR Tennis Shoes White GREEN VAPORNew Saucony Xodus 6.0 S10284-1 Trail Running Training Shoes Blue Gray WomensSALE ADIDAS NMD R2 NAVY BLUE BLACK WOMENS W CQ2008 NEW BOOST ORIGINALSNike Internationalist Premium Women’s Running Retro Shoes 828404 006 Gray Size 6*New* Nike Free RN 2017 Women's Running Shoes Size 9.5 Glacier Blue 880840-402 , NIKE AIR MAX 90 GS WOMEN NEW with BOX!!!!Nike Women's Air Max 90 Ultra 2.0 Flyknit Multi [881109 002] Black White Oreo , NEW WOMENS 5 NIKE FREE RN FLYKNIT 2017 RUNNING SHOES BLACK ANTHRACITE 880844 010Nike Lunarglide+5 Shield Womens Running Trainers 615980 Sneakers Shoes 508Nike Lunarglide + 5 shoes sneakers 599395 501 New , Nike Blazer Low Leather Premium 685239-002 Black/Ash Grey Snakeskin Women ShoesADIDAS Originals ZX Flux BB2262 WOMEN’S RUNING TRAINING SHOES White/silverNike Free RN Flyknit 2017 Womens Running Shoes Size 6 Wolf Grey White 880844 015NIKE WMNS AIR ZOOM VOMERO 11 [818100 405] Running Shoes ,
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 New Spring and Autumn Solid Round Flat with Bare Feet Short Boots , Aerosoles Womens Nonchalant Fabric Closed Toe Ankle Fashion Brown Size 5.0New Marc Fisher LTD Suede Ankle Purple Bootie size 7.5 MBOTTES EN CUIR FACON DAIM T 40 NOIR QUALITE QUALITE SAC R , Used Red Justin USA Made Roper Style Western Cowboy Cowgirl BOOTS SZ 6.5 BVince Camuto Briella Black Leather Womens Boots 11W NIBBeige Suede Ankle Boots Size 8.5 SEYCHELLES Bismuth Sand Booties Anthro 4" HeelsJustin Womens Brown Lizard Print Leather Pointed Toe Western Boots Sz 6.5BSanuk ISABEL Womens Isabel Flat- Choose SZ/Color. , Sperry Pelican Tan Leopard Black Rain Boots Left 10 Right 9 Mix-Mates , Skecher Mark Nason Los Angeles Womens Reptile Cup - Zuma (9.5, Taupe) , Womens MUNRO black leather oxfords shoes sz. 7 N NEW! , Rocket Dog Women's Memories Ballet FlatPRADA 11234G Leather Pumps/Shoes pink 35,5 US 5.5 NEW/BOX , Women's Gidigio Leather Oxford On SaleZizi Oxford Repetto Black Leather Shoes France Size 8 , Rockport Women's Total Motion Envelope Flat - Choose SZ/ColorRALPH LAUREN COLLECTION RRL Embroidered Purple Velvet Ballet Flats US-9 EUR-39 , Dolce Gabbana Women's Leather Shoes Flats . Good condition . US 9 Italian 39Ryka Womens Eva Nrg Gray Walking Shoes Size 8.5 (22436) , Hot Women's Mesh Athletic Walking Sneakers Running Hiking Flats Soft Beach ShoesMan Women casual Canvas Sneakers outdoor sports running hiking Low Top shoes , CLARKS Women's Leisa Carly Loafer Flat, Navy Leather, 085 W US , Skechers Ladies Slip On Go Walk 3 GoGa Mat slip on Shoes - 13980Nike Roshe One JCRD Print Game Royal/Black-Sail-Light Iron Ore 845009-400 SZ 7.5Women's Josef Seibel Lucia 09 (Tan) Flats , Women's Dazzling Knee Stud Boots Boots , Women's Group File Stretch Shaft Over The Knee Boot, Black, 7 Medium USSoda Mug-s Women's Simple Fashion Low Heel Western Ankle Booties Shoes , Easy Street Women's Incredible New Navy Smooth Comfort Shoes ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Nike 416 Womens Zoom Winflo 4 Winflo Running Trainers 898485 Nike Sneakers Shoes 416 6247c42 Athletic Shoes
Powered by VIP.