The Buzz
All markets and investing news all the time

New Trail Nike Free Flyknit Sneakers Women's 27565 Hyperfeel Running localjoes-27567 Trail Shoes 8a6e5eb

Item specifics

New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Style: Running Shoes
US Shoe Size (Women's): US 8 Sub Style: Cross Country, Trail Running
Color: Pink Brand: Nike
UK Shoe Size (Women's): UK 5.5 Model: Nike Free
EUR Shoe Size (Women's): EUR 39 Product Line: Nike Hyperfeel
Features: Lace-Up, Lightweight Width: Medium (B, M)
UPC: Does not apply

New Trail Nike Free Flyknit Sneakers Women's 27565 Hyperfeel Running localjoes-27567 Trail Shoes 8a6e5eb -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
New Trail Nike Free Flyknit Sneakers Women's 27565 Hyperfeel Running localjoes-27567 Trail Shoes 8a6e5eb
New Trail Nike Free Flyknit Sneakers Women's 27565 Hyperfeel Running localjoes-27567 Trail Shoes 8a6e5eb -

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%.

New Trail Nike Free Flyknit Sneakers Women's 27565 Hyperfeel Running localjoes-27567 Trail Shoes 8a6e5eb

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
New Trail Nike Free Flyknit Sneakers Women's 27565 Hyperfeel Running localjoes-27567 Trail Shoes 8a6e5eb -
About This Author
New Trail Nike Free Flyknit Sneakers Women's 27565 Hyperfeel Running localjoes-27567 Trail Shoes 8a6e5eb -
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
Brooks Ghost 10 Black/Pink Running Shoe Women's US 7.5 (Q2,17) , Vans Off The Wall Skate Unisex Teal Shoe Sneakers Mens 6.5 Womens 8 , NEW BALANCE W520RN2 700379 New Balance W520 Women's Running Shoe Size 7.5Adidas Women's Jett Breeze Lightweight Running Walking Sneakers Shoes Sz.9.5Steve Madden Womens Frederica White Fashion Sneakers 11 Medium (B,M) BHFO 8429 , Fashion Mens Womens Casual Sports Shoes Couples AIR Walking Athletic Sneakers SzVince Grey Leather Round Toe Slide On Sneaker Shoe Size 39.5 9.5 , Nike Lunarglide 3 + Running Shoes, Siren Red Punch, Women's US 7.5Tretorn Womens White Low Top Round Toe Fashion Sneakers Shoes 9 8.5 BHFO 8874C9 by Champion Women’s Jazira Slide Sandal Size 8 NWT Very comfortableNike Roshe Rosherun Armory Blue Camo Navy Slate Womens 599432 400 Size 7.5 , New Balance 555 Gray Athletic Shoes Sz 6.5 Womens Comfy ClassicVibram FiveFingers Women's Sz 40 / 8-8.5 Running Shoes White And Lime Green , Converse All Star Women CT Low Top Multi-color Textile Sneakers Shoes Size 6 , BASKET ASH T40 CUIR CHAINES GOTHIQUES ABE A ACH IMM FP RED MOND RELAY A VOIR , SKECHERS Shape Ups Womens Sz 10 Tan White Athletic Toning Fitness Shoes SN 11800 , Puma Womens Suede Platform Red Fashion Sneakers Shoes 5 Medium (B,M) BHFO 4056Brooks Ghost 6 Grey Teal White Running Athletic Fitness Shoe Women's 8.5 B , ASICS Womens - White Running Shoes Size 7 (308780) , RYKA Catalyst Plus Taupe Tan Leather MiraGel Running Walking Shoes US 7 M NWOB , Women's Asics GT-2000 Size 6.5 Sneakers Shoes Running Pink Purple White Green X8Womens ASICS Gel-Frantic 6 Running Walking Training Sneakers Shoes Sz 10 - T1E5NWomen's New Balance 461 Sz 6B Sneakers Shoes Trail Running Fitness Pink Gray M09 , Ecco Women's Leather Black Sport Athletic Trail Walking Sneakers Shoes Size 41 , vibram fivefingers Shoes Women Size 37 US 6 Great Condition , Dark Brown Leather & Textile WALKING CRADLES Low Back Slides 11 W , Women's Skechers Flat Comfort Athletic Walking Running Shoes US9 UK6 , Sam Edelman Womens Nerah Black Fashion Sneakers Shoes 9.5 Medium (B,M) BHFO 8216 , Asics GEL-EQUATION 3 Run Shoes ~ Everyday T9E6N ~ Women Sz 7 ~ VERY GOOD+
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 SALE Spot On X1159 Ladies BrownMulti Swirl Patterned Pull On Rubber Wellies , M.F. Serenity Peep Toe Dress Booties, Black, 8.5 US UsedMarc Fisher Stefani Boot Size 9M black leather , Chinese Laundry Set In Stone Women's Black Boot 6M , Vintage 90's Sketchers Womens Platform Leather Boots Sz 10MLavorazione Artigiana BLACK LEATHER Ankle Boots High Heel Slip-On Women's 36 , NEW Womens KHOMBU Dark Brown Waterproof Fur Lined Rubber Duck Winter Boots 8 MNEW WOMEN'S H BY HALSTON "HAL" DOUBLE ZIP BROWN SUEDE ANKLE BOOTS/BOOTIES - NWOBSteven By Steve Madden Women Imaginn Chelsea Ankle Boot Shoe, Wine, US 8.51941 VERONICA BEARD Hudson Black Suede Sport Chelsea Bootie Women Size 39.5 M , Women's 6.5/7 Western Boot Red Oak Made in Canada VCG , WOMENS SAM EDELMAN Booties Petty Chelsea Ankle Bootie Beige Suede Leather 7 M , BEARPAW Women's Lauren Tall Winter Boot (8 B(M) US / 39 EUR, Hickory)Kamik Women's Heidi Rain BootBlack/Noir8 M US , NIB NEW Women Donald J. Pliner® "Diona" Casual Shoe Flat Gold Logo RUST RED 7 , Tory Burch Delphine Crystal Embellished Black Suede Ballet Flats NIB US 7 $285 , Propet Diana Strap - Casual Diabetic Shoe - Women's - All Colors - All Sizes , CLARKS Women's Everlay Eve Slip-On Loafer - Choose SZ/Color , Vince Maxwell 2 Women's FLATS DijonNew Softinos Ita style slip on loafer in taupe size 37 6/6.5US , Stuart Weitzman Women's Myguy Leather Smoking Slippers Size 8 1/2MSabrinas Florencia Taupe Suede Leather Slip On Flats Casual Shoe 40New , NIB TORY BURCH Daley Flat Leather Logo Espadrille Black Multi Women's Size 9 , Womens Ladies Sneakers Bali Trainer Runner Stretch Band Gym Comfy SizePikolinos Women's Jerez Moccasin 578-8242 Black Size 39 EU, 8.5-9 US , Donald J Pliner Women's Shoes Rio Patent Leather Black Loafer 6.5, 9.5 , Under Armour Women's Charged Coolswitch Run Running Shoe 1285485 001 Black White , Women's Nike Rosherun Flyknit Women's Shoes Athletic ShoesWomen's LADIES SNOW BOOTS "NAVY/BLACK" BootsDizzy Womens P-Picabow Rubber Almond Toe Ankle Rainboots, Black, Size 6.0 Mh0O
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
New Trail Nike Free Flyknit Sneakers Women's 27565 Hyperfeel Running localjoes-27567 Trail Shoes 8a6e5eb Athletic Shoes
Powered by VIP.