The Buzz
All markets and investing news all the time

Nike Free 5 5.0 Tr Fit 4 Prt Free Training Women's 4 Shoes Size 5 48d5bfb

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
US Shoe Size (Women's): 5 Width: Medium (B, M)
Style: Training Shoes Color: Black/Ivory/Light Ash/Medium Ash
UPC: 887232974640

Nike Free 5 5.0 Tr Fit 4 Prt Free Training Women's 4 Shoes Size 5 48d5bfb -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Nike Free 5 5.0 Tr Fit 4 Prt Free Training Women's 4 Shoes Size 5 48d5bfb
Nike Free 5 5.0 Tr Fit 4 Prt Free Training Women's 4 Shoes Size 5 48d5bfb -

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 Free 5 5.0 Tr Fit 4 Prt Free Training Women's 4 Shoes Size 5 48d5bfb

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Nike Free 5 5.0 Tr Fit 4 Prt Free Training Women's 4 Shoes Size 5 48d5bfb -
About This Author
Nike Free 5 5.0 Tr Fit 4 Prt Free Training Women's 4 Shoes Size 5 48d5bfb -
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 696 Women's Black/Cyclone WL696RBKNike Lunarglide 6 Python Running Women's Shoes Size 5Women's Puma Basket Heart Casual Shoes Pomegranate/Pomegranate 36672902 002 , Skechers Women's Microburst Botanical Paradise Skimmer Rose , FILA Blue White Suede Sneakers Court Deluxe Cotton Candy Shoes FS1SIZ3061F , Bernie Mev Women's Catwalk Vintage Stretch Nylon , Nike Air Max Thea Jacquard Running Women's Shoes Size 11 , Nike Flex 2017 Rn Running Women's Shoes Size 9.5Skechers Women's Double Up Diamond Girl Flatform Slip-On Sneaker Silver SneakersFlexus by Spring Step Women's Ceri Floral Slingback Black Nubuck Hook and LoopBernie Mev Women's Catwalk Ice Stretch Nylon , Flexus by Spring Step Women's Ceri Floral Slingback Red Nubuck Hook and LoopLife Stride Women's Parigi Pump Denim FabricBernie Mev Women's Comfi Mary Jane Brown , Under Armour Charged Bandit 3 Ombre Womens Black/Anthracite/Tile Blue 20120001 , Pleaser Pink Label Women's Chloe 01 Peep-Toe Pump Black Faux Leather Pumps , Pleaser Women's Flamingo 808T Platform Sandal Clear PVC/Light Blue TintedReebok Work Women's Jorie RB110 Sneaker Black Leather Slip-Resistant (Non-Skid)Minnetonka Women's Margot Peep Toe Bootie Taupe Suede Ankle BootsNaturalizer Women's Morrison Sneaker Sapphire Mesh/CanvasBernie Mev Women's Catwalk Black Multi Stretch Nylon , Pleaser Women's Moon 728 Platform Sandal Red-Black Patent/Black Platform SandalsPleaser Pink Label Women's Queen 04 Pump Black Patent Pumps , Bernie Mev Women's Catwalk Dazzle Stretch NylonBaskets model 97493 Inello - Matter - ShoesPin Up Couture Women's Flapper 11 T-Strap Mary Jane Pink Faux Leather Heels , Pleaser Pink Label Women's Chloe 01 Peep-Toe Pump Black Patent Pumps , New Balance Fuelcore Rush Women's Black/Thunder/White RUSHBK3BBernie Mev Women's Catwalk Jewel Stretch Nylon
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 G by Guess Grazie Ankle Boots 386, Black, 9.5 USMadden Girl by Steve Madden Womens Fancie Red Ankle Boots 6 Medium (B,M) 2300Material Girl MG35 Carena Peep Toe Double Zip Ankle Boots - BlackPRE-Owned Alfani Ladies Suede black Boots 9M , BareTraps Reliance Srunch Ankle Boots, Cognac, 6 USWomen's Pajar Banff 2 Waterproof Duck Snow Boot Wool -30 Fur Lined 5-5.5Cole Haan Air Whitley Buckle Strap Boots Sz 7.5 Black , Selby Black Leather Buckle Ankle Boots size 10N Booties Wrap Low HeelEDDIE BAUER Womens Boots Solstice 2.0 Size 8.5 Fur Vibram Sole NEW A2011 , Baretraps Rilah Booties - Women's Size 8.5W, BlackNew Nine West Women's Navy Ankle Corban Boots Booties Size 8M , a.n.a Dusty Braided Booties BlackSize 7.5MWomens sz 7 B M Justin Peanut Brittle Teju Lizard Skin Cowboy Western Boots USA , New Shellys London – Groellan Leather Women Boots Size 10 Beige (MSRP $130) , Life Stride Xandy Riding Boots Wide Calf Black Size 7.5 Women'sMaelstrom® TAC FORCE 8'' Women's Tactical Police Duty Military Boots with ZipperMichael Antonio Women's Baxter Slouch Boot,Brown,7 M US , Skechers Women's Boulder Snow Boot Gray, , Bandolino Women's Extension Ankle-Boots Black Faux Leather Size 10 MCole Haan Comfort 8.5 B Lana Leather Ankle Boots Shoes Side Zip Chocolate Brown , NEW A.S.98 Cicle Loafers Oxfords Size 38 Black Leather AS 98 , Tory Burch 'Delphine' Logo Embellished Loafer SZ 7.5M Satin CarminaLaPlume, Paolo, Bone Python, Size 39, Flat, Anti-Shock Sole , Demonia Emily-306 Gothic Punk Rock Mary Jane Style Platform Flat Shoes , Vionic Women's Spark Minna Ballet Flat Saddle Snake 8M , Vionic with Orthaheel Technology Women's Miami Thong Sandal Navy LeatherZARA WOMAN UGLY CHUNKY CONTRASTING SNEAKERS VINYL THICK SOLES 5405/301 NEW AW18 , NEW SKECHERS WOMENS GOWALK 4 PREMIER WALKING SHOEJambu Iris Vegan Walking Shoe - Women's Size 6.5M BlueWomens Asics GT-2000 V3 SIZE 7.5 B Running Walking Training ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Nike Free 5 5.0 Tr Fit 4 Prt Free Training Women's 4 Shoes Size 5 48d5bfb Athletic Shoes
Powered by VIP.