The Buzz
All markets and investing news all the time

Puma Basket Heart Shoes Denim Athletic Basket Women's Women's Shoes Size 27ea244

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: Puma
Color: Twillight Blue/Halogan Blue Width: Medium (B, M)
Style: Athletic Sneakers

Puma Basket Heart Shoes Denim Athletic Basket Women's Women's Shoes Size 27ea244 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Puma Basket Heart Shoes Denim Athletic Basket Women's Women's Shoes Size 27ea244
Puma Basket Heart Shoes Denim Athletic Basket Women's Women's Shoes Size 27ea244 -

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%.

Puma Basket Heart Shoes Denim Athletic Basket Women's Women's Shoes Size 27ea244

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Puma Basket Heart Shoes Denim Athletic Basket Women's Women's Shoes Size 27ea244 -
About This Author
Puma Basket Heart Shoes Denim Athletic Basket Women's Women's Shoes Size 27ea244 -
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
New Balance NB Cycle Women's Red Cycling Spinning Shoes- WX09RB- Size 10 NewASICS GEL-Resolution 6 Clay Court White - Womens - Size 10 B , Women's Nike Lab Zoom Fit Agilty Johanna Sail Running Training Shoes Size 7.5Nike Women's Ashin Modern Casual Shoes Black/Summit Size 7-11 White New with Box , New Balance WL520CC B 520 Floral Suede Pink Ivory Gold Women Shoes WL520CCBadidas Questar Ride Carbon Black Women Running Shoes Sneakers DB1308Skechers Flex Appeal 2.0 Bold Move Trainers Womens Memory Foam Fashion Sports , Nike Women's Air Force 1 Hi Premium Black/Black Gum Med Brown Sail Basketball , Converse Chuck Taylor All Star Ox Black White Womens Patent Leather Trainers2016 Nike Air Jordan 13 XIII Retro Brave Blue Size 5Y 310811-407 Women’s Size 7 , New Reebok Womens Black Guide Work Steel Toe Safety Work Sneaker Shoes Size 7.5New Balance 574 Street Beat Women's Classic Sneakers WL574SBF Medium (B, M) NIB , NIKE Shox MC White Blush 313764-101 Running Training Shoes Womens Size 7.5 , Propet Washable Walker - White - WomensNike Air Max Thea Pr Running Women's Shoes SizeWomens HUARACHE RUN PRINT Cannon Trainers 725076 006 , Womens Black White Purple Nike Hurache Size 7Vionic Elation 1 Athletic Sneakers, Women's Size 8, Grey/Peach , Ash Womens Sneakers Black Blue Used Spikes And Moo HairNWT! Nike Women's Free 5.0 TR Fit 5 PRT $110 Size 9Women's Vogue Leather Sneaker Cute Candy Platform Wedge High Heel Trainer 2019 , ADIDAS WOMEN'S TUBULAR RUNNER W B25087 TRIPLE WHITE OUT DS SIZE: 9.5MERRELL J37384 CAPRA BOLT AIR Wmn's (M) Black Mesh/Synthetic Hiking Shoes , Puma Fenty by Rihanna Pointy Creeper Patent Dove 366270-02 Women's Size 7.5-9.5 , ADIDAS AdiPower Barricade 7 White Core Tennis Shoes Sneakers NEW Womens Sz 10.5nike womens air max ST running trainers 705003 101 sneakers shoesNike Women Dunk Sky Hi Print Black Shoes Size 7.5 , Women Strappy Hidden Wedge Heel Athletic High-Top Chic Sneaker Leather New Shoes , Nike Women's Wmns Air Max 90 Ultra 2.0 Flyknit, WHITE/RACER PINK-MEDIUM BLUE
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 BOTTES G&G MADE IN ITALY TAILLE 38Journee Collection Womens Henley Peep Toe Ankle Fashion Boots Taupe Size 7.5 , Womens Size 8 BOBS Skechers 34135 Alpine Winter Warrior Slouch Boot ChocolateAlegria Cami Brown Women’s Size 5.5 36 Leather Belted Mid-Calf Boots , BareTraps Rosie Boots - Women's Size 7.5 M, Cognac$135 NEW Maine Woods Frostline Winter Boots Black Size 9.0 M , New Nine West Nasser Womens Size 11 Brown Winter-Inspired Fashion Ankle Boots , Brown 2.5" Thick Heel Round Toe Side Gold Buckle Knee Boot Size 9Clarks 8.5 Gray leather Low Heel Booties Career Comfort Excellent , Enzo Angiolini Eero Two Tone Brown & Black Leather Knee High Boots. Size 5 MChinese Laundry Womens Mystical Suede Closed Toe Knee High, Black, Size 6.5New Vaneli Radius Over Knee Black Suede/ Stretch Embroidery Boots Size 7.5$120 Zara OVER THE KNEE HIGH HEEL BOOTS WITH PRINTED FABRIC-sz 6.5, 7.5-NEW!NIB JAMBU JBU boots booties 7 37 ankle brown vegan suede & leather memory foamSAN MARINA Bottines boots Pointues Cuir Marron Taupe T 37 TTBENew Frye Carson Ankle Ballet Flats Leather Women Shoes (MSRP $178) , Khombu Women's Skiteam K Cold Weather Boot, White, 9 M USArizona Delling Riding wc Women's Boots Black Size 8.5MJOULES Printed Navy Floral Wellie Tall Expandable Buckle Top Rubber Boot Wms NWTPikolinos Sienna 916-9305, Bottines femme - Noir (Black), 40 EUSAS sz 8 Narrow Tan Loafers worn indoors only , THE FRYE Milly Fisherman Turquoise Sunwash Nubuck Slip On 8.5 ANB , New Francesco V. Red Bow Leather shoes Flats 38 US 8 , Flossy Gallur Women's Classic Casual Summer Slip-On Espadrilles Plimsols , ALDO Women's Zusien Mary Jane Flat, Black Synthetic, 6.5 B US , Sam Edelman Felicia Saddle Leather Flat Ballet Pump Women's sizes 6-10/NEW!WOMEN'S NIKE AIR MAX 90 ULTRA 2.0 FLYKNIT BLACK ATHLETIC RUNNING SHOES SIZE 6Women's Black Leopard Printed Wedge Heel Patent Leather Creeper SHoes Sneaker SZ , Men and Women Casual Shoes Running Shoes , NIKE W Nike In-season Tr 7 (w) 922929-002 BLACK/BLACK-BLACK Womens Size 10
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Puma Basket Heart Shoes Denim Athletic Basket Women's Women's Shoes Size 27ea244 Athletic Shoes
Powered by VIP.