The Buzz
All markets and investing news all the time

On Cloud On Womens Cloudster Red Red Running Shoes Size 7 18952 (390684) 8808b99

Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: . Bottoms have excellent condition. Insoles have excellent condition. Uppers have excellent condition
Brand: On Cloud Material: Synthetic
Model: Cloudster Color: Red
MPN: 390684 US Shoe Size (Women's): 7
Width: Medium (B, M) Style: Running
UPC: Does not apply

On Cloud On Womens Cloudster Red Red Running Shoes Size 7 18952 (390684) 8808b99 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
On Cloud On Womens Cloudster Red Red Running Shoes Size 7 18952 (390684) 8808b99
On Cloud On Womens Cloudster Red Red Running Shoes Size 7 18952 (390684) 8808b99 -

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%.

On Cloud On Womens Cloudster Red Red Running Shoes Size 7 18952 (390684) 8808b99

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
On Cloud On Womens Cloudster Red Red Running Shoes Size 7 18952 (390684) 8808b99 -
About This Author
On Cloud On Womens Cloudster Red Red Running Shoes Size 7 18952 (390684) 8808b99 -
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
On Cloud Womens Cloudrunner Red Running Shoes Size 7.5 (390921)Womens Boho Embroidery Floral Platform Sneakers Real Suede hidden Heel Shoes Sz , Women's Skechers Sport Empress Resurge Fashion Sneaker 23112/BLK Black Brand NewBrooks Womens Brooks Adrenaline Gts 18 Navy/Teal/Mint Running Shoes Size 8.5 , Asics Gel-Raiden Blue/Pink Running Shoe Women's US 7 (S,8) , New Balance Womens - Green Tennis Shoes Size 7.5 (357048)Vibram FiveFingers SmartWool Womens Size 37 Classic Running Toe Shoes Beige Tan , Vans SK8 Hi Slim Zip Iridescent Eyelets Canvas Leather Blue Black Shoe Women 5Skechers Performance Womens Go Step Lite-Fuzzies Loafer Flat- Select SZ/Color.Tretorn Nylite 16 Plus Sneakers-Women's size 5 Black , Skechers Women's BOBS Sport Squad Glam League SneakerAdidas Adituff PYV 702001 Tennis Shoes Women’s Size 8 , Brooks Womens 120246-451 Navy/Pink/Teal Green Walking Shoes Size 8.5 (30134)Nice! Merrell Women Azura Castle Rock/Purple Leather Mesh Trail Hiking Size 7 , Brooks Pure Flow 5 Women's Running Shoes 1202071B488. Size US 6.5. , Womens Shoes Shiny Glitter Fashion Sneakers Super High Heel Platform Ankle Boots , On Cloud Womens Cloudflyer Purple Running Shoes Size 8.5 (369064) , Coleman Women's Vail HikerPropet Women's Journey LeatherNew Adidas Stan Smith BB0109 Sneakers Womens Hi Top White Leather Shoes Sz7Vans Authentic Lo Pro ( Leopard) Herringbone, Black/Brown- Women's Size 5New Womens Fila Gray Memory Pilota Slip On Athletic Shoes Size US 8 - 53 , New Balance Women's WSD400P3 Track Shoes Size US 7 B/ New , Nike Women 7 Black Court Borough Mid Basketball Athletic Tennis ShoeBrooks Pure Cadence 2 Running Crosstraining Shoes Purple Teal WOMENS SIZE 8.5Women's Platform Hidden Heels Shoes Sneakers High Top Colorful Sequins CanvasNIKE LUNARGLIDE 8 RUNNING SHOES / MULTI COLOR ( SIZE 9.5 ) WOMEN’SBrooks Womens Ghost 10 Grey/Rose Gold/Black Running Shoes Size 9.5 (30782) , Hoke One One Infinite Running Shoe- Women's Size 8, Blue/Red/Yellow
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 Roebuck Co Womens Walter Waterproof Winter Weather Boot Gray Pink size 11 NEW78NP9282016 LFTBTT50 Women's Shoes Size 7 M Black Leather Boots Johnston MurphyLaura Ashley Black Leather Fashion Boots Women's Size 11size 8 Charles Albert faux black suede low heel boots EUC , Women's Justin Roper Classic L3703 Black Boots- Slightly UsedWomen's Fashion Contracted Buckle Strap Mid Calf Wedge Riding Boots 4 Color R718 , **Western Chief Isabelle Boots - Women's Size 6, Wheat , NWOB Juniors MIA Boots Size 6CLARKS Women's Cheyn Whisk Riding Boot , Women Cute Ankle Boots Kittle heel Suede Pointy toe Fashion Sweet Bowknot Shoes , Aldo New Jeffres Black Womens Shoes Size 6.5 M Boots MSRP $180 , Women's Shoes Vince Camuto VC-Kallie Knee High Boots Black Leather Size 8.5M , FRENCH Sloop green metallic print leather flats sz 7.5 US army camouflage khaki , BAFFIN PRIME BOOTS INDUSTRIAL OIL RESISTANT WOMEN'S US SIZE 6 M WATER PROOF , Marc Fisher 7.5 M Earra Black Suede Leather Slip on Faux Fur lining Boots , Jambu Womens Autumn Faux Fur Closed Toe Ankle Cold Weather, Black, Size 7.0 , New J Crew Multi - Strap Tartan Ballet Flats Sz 7 H2872 , Women Flat heel Leisure Round toe Rhinestones Shoes Clear Slip on Cut Out LoaferWomens Flats Round Toe Rhinestones Rivet Bandage Ballet Dance Shoes Slip On E582Women's Loafers Slip On Shoes MOMA 73502-6F Ghost Platino Leather Vintage Italy , Prada Scrunch Ballet Flats Ballerina Cap Toe Shoe 35 Black Logo Brown Leather , Clarks Vailee Stone Womens Flat- Choose SZ/Color.Womens Saucony Cohesion 10 Gray Trainers Size 9M (X927)Rebecca Minkoff Womens Romy Almond Toe Loafers, charcoal felt, Size 8.0 y7Oi , NEW CLARKS WOMENS TRI SPARK - WOMENS SPORT SHOES - AUBERGINE , New On Cloud Womens Cloudsurfer Green Running Shoes Size 6New ASICS Gel FujiRacer Trail Running Shoe/T530N 4907 Gray-Neon Green-Pink $127Women's tory burch loafers 7.5 FlatsLadies Womens Cowboy Pumps Casual High Stiletto Heel Nightclub Ankle Boot ShoeAsics Gel Netburner Ballistic Womens Netball Shoe (B) (9095) + Free AUS Delivery ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
On Cloud On Womens Cloudster Red Red Running Shoes Size 7 18952 (390684) 8808b99 Athletic Shoes
Powered by VIP.