The Buzz
All markets and investing news all the time

Merrell Womens Trekking Avian 27161 Shoes Light Sports Gore-Tex Trekking Hiking Shoes 06c264a

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
Modified Item: No
Pattern: Paisley Country/Region of Manufacture: Vietnam
Heel Type: Slim Style: Hiking Shoes
Fastening: Buckle Heel Height: Flat (0 to 1/2 in.)
Color: Yellow Material: Cotton
Brand: Merrell Width: Medium (B, M)

Merrell Womens Trekking Avian 27161 Shoes Light Sports Gore-Tex Trekking Hiking Shoes 06c264a -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Merrell Womens Trekking Avian 27161 Shoes Light Sports Gore-Tex Trekking Hiking Shoes 06c264a
Merrell Womens Trekking Avian 27161 Shoes Light Sports Gore-Tex Trekking Hiking Shoes 06c264a -

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%.

Merrell Womens Trekking Avian 27161 Shoes Light Sports Gore-Tex Trekking Hiking Shoes 06c264a

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Merrell Womens Trekking Avian 27161 Shoes Light Sports Gore-Tex Trekking Hiking Shoes 06c264a -
About This Author
Merrell Womens Trekking Avian 27161 Shoes Light Sports Gore-Tex Trekking Hiking Shoes 06c264a -
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
WMNS Nike Air Jordan 1 Retro Low SZ 7.5 Metallic Bronze AO1334-901 NO BOX TOP , Merrell Womens Grassbow Sports Gore-Tex Trekking Hiking Shoes , VINCE Designer Warner Limestone Leather Sneakers Size 8.5 MSRP $250.00 , Adidas Pure Boost X Womens AQ3399 Running Shoes. Size 9NEW ASICS GEL NIMBUS 19 RUNNING SHOES WOMENS SIZES 6.5-10 FREE USA SHIPPINGBrooks Women's Ghost 10, Black/Turquoise/Blue, 6 B USBrooks Women's Ghost 10 Black/Pink Peacock/Living Coral 6 B US , Adidas ATHLETIC Running Shoes Sneakers Supernova Sequence 9 Boost WOMENS NEWBrand New Nike Roshe Two Light Bone Jay Blue 844931-008 Women’s Size 7 , Merrell Waterpro Pandi Purple Vibram Womens Outdoors Water Hiking Shoes ML24602 , Canvas Shoes Printed Science Element Structure for the love of sciennce , PUMA Women's Basket Platform Patent Wn Sneaker - MARSHMALLOW Size 10 USMizuno Women's Wave Shadow Running ShoeSkechers Women's Synergy 2.0 Fashion Sneaker - Choose SZ/Color , New Balance WRT300CG D Wide White Pink Women Classic Shoes Sneakers WRT300CGD , Saucony Freedom Iso Unisex Road-Running-Shoes - Choose SZ/Color , New Adidas Original Womens CAMPUS RED / WHITE / WHITE DB1018 US W 5 - 8 TAKSE , New On Cloud Womens Cloudflyer Gray Running Shoes Size 9Saucony S10355-1 Womens Freedom ISO Running Shoe- Choose SZ/Color. , Nike Free Run 2 EXT Light Blue/Sail-Hyper Blue 536746-401 Women's , WMNS NIKE FREE RUN + 2 SMOKE-SAIL-PINK FLASH SZ 6.5 [443816-206]New Balance WW577VB Women's 577v1 Bone Control Health Walking Shoes SneakersAdidas Originals COURTVANTAGE Slip-On Shoes New Women Shoes s79962 US 5-8.5 , Nike Volley Zoom Hyperspike Volleyball Shoes Womens 10.5 Black Blue 585763-041NIKE FREE TR 6 SPECTRUM WOMEN'S TRAINING SHOE 849804 800 multi color SIZE 11Womens Breathable Fashion Leather Sneaker Platform Sport Running Boots CreepersWomen's Brooks Transcend Running Shoes 9.5B--USED ONLY ONCEAdidas Womens Stan Smith W White White Red Sz 9 NIB S32256 , NEW BALANCE WOMEN WL574NBK CLASSICS BLACK Nubuck Lifestyle Retro Sneakers 6-10
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 Mens Black Rubber Stone Print Welly 1013NEW Women's SIMPLY VERA DANNA BROWN Heel F Zipper Booties Shoes SZ 6.5PERLE NOIRE Bottines cuir noir P.39WOMEN'S JUDITH *WINDY* BOOTS COLOR~ SAND SIZE 9.5 MLolita Girls Fur Cuffed Warm Boots Hidden Low Heels Womens Metal Decor Boots SZSoftwalk Roper Ankle Boot- Size 7 , BORN Hand Crafted Footwear Women's BROWN Leather Ankle Wingtip Booties 9.5M/W USEUC Nine West NWBOTAMY Black Leather Knee High Fashion Boots Pointy Toe 8B. Makowsky Nancy Tan Leather Wedge Ankle Boots Women's size 8 m ShearlingG.H. Bass Teresa Suede Chestnut Brown Wedge Bootie Women's Size 8.5KDB Anthro Kelsi Dagger Brooklyn Boyband Oxblood Burgandy Combat Boots Size 7.5 , Jack Rogers Womens Marianne Suede Boot- Pick SZ/Color.Aquatalia Boots Suede sz 9.5 Black Patent Leather Block Heels Zipper WomensDingo Brown Distressed Leather Slip On Adjustable Buckle Mid Calf Boots Size 11 , FLORENCE KOOLJMAN Bottes Daim Souple Violet Petits Talons T 4.5 / 37.5 TTBE , Bandolino Women's Shoe Evora Leather Bootie Black 10MNew Fly London Palp sytle in cloud color(taupe) size 40 9/9.5USCarolinna Espinosa Womens Red Leather Flats 8.5 MWomen's Taos Center Peace Black Slip-On Suede Shoes Size 10 M  NWOB , New ARCOPEDICO Scala Model Orange Flowers Mary Jane 7151 Size 40 / US Size 9 NWBwomen's shoes MBT 9 / 9,5 () loafers brown nabuk performance BY686-40 , Women's Athletic Shoes Sneakers Running Sports Casual Breathable Walking ComfyWomens Chic Mules Loafers Sheepskin Suede Beads Backless Slides Shoes Slippers , Chain Satin Mules Slip-On Flats Slippers Sandals Shoes Purple Green Pink Black , EVERLANE MODERN POINT black pointy toe loafers flats shoes 11 worn onceMerrell J35892 Capra Bolt Boa Trail Hiking Outdoor Shoes Sneakers Gray Womens 10Women's guess boots 8 Boots , Womens round toe Stitching faux leather block heel back zipper knee high boots 8 , Dolce Vita Women's Ramona Bootie Black LeatherBoreal Climbing Shoes Womens Silex 7.5 Black White Yellow 11402
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Merrell Womens Trekking Avian 27161 Shoes Light Sports Gore-Tex Trekking Hiking Shoes 06c264a Athletic Shoes
Powered by VIP.