The Buzz
All markets and investing news all the time

Cuce Shoes MLB Baseball Blue Women's Boston Shoes Red Sox The The Champions Boots - Blue d749ee9

Item specifics

New: A brand-new, unused, unopened, undamaged item (including handmade items). See the seller's ... Read moreabout the condition
Brand: Cuce Shoes
Team: Boston Red Sox UPC: Does Not Apply
Product: Boots Gender: Women

Cuce Shoes MLB Baseball Blue Women's Boston Shoes Red Sox The The Champions Boots - Blue d749ee9 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Cuce Shoes MLB Baseball Blue Women's Boston Shoes Red Sox The The Champions Boots - Blue d749ee9
Cuce Shoes MLB Baseball Blue Women's Boston Shoes Red Sox The The Champions Boots - Blue d749ee9 -

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%.

Cuce Shoes MLB Baseball Blue Women's Boston Shoes Red Sox The The Champions Boots - Blue d749ee9

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Cuce Shoes MLB Baseball Blue Women's Boston Shoes Red Sox The The Champions Boots - Blue d749ee9 -
About This Author
Cuce Shoes MLB Baseball Blue Women's Boston Shoes Red Sox The The Champions Boots - Blue d749ee9 -
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
1980s XAIVER DANAUD Italy Vintage Peach Leather Fringe Cut-out Boots 5 - 5.5Aigle Black White Round Toe Tall Rainboots Size 40 10 , Kelsi Dagger Brooklyn Women's Kingston Ankle Boot, Bisque, Size 6.5Lucky Brand Womens Breck Leather Closed Toe Ankle Fashion, Grey wolf, Size 7.5 8✿ NAUGHTY MONKEY Gold-Trim Tan Premium Suede Leather Zip Boots 9.5 M NEW! L@@K! , Vince Camuto Suni Wedge Booties Ankle Boots Gray Distressed Nubuck Leather US 8NEW Modern Vice Charm Tan Suede Boots, Size 8.5Ahnu Mens W Montara III Event Hiking Boot- Select SZ/Color.GUESS High Top Faux Shoe Shoes Booties Boot Boots Leather Knee Sz 6.5 , $328 Donald J Pliner Bonnie Dark Red Suede Ankle Boots Size 6 1/2 MNew Skechers D'lites SR Service Safety Toe Women Hiker Leather Work Boots Sz8Bottes Genoux Cuissardes BATA en Cuir Noir T 37 TBELucky Women's LK-Sancha Ankle Boot Black 7.5 MCROCS WINTER PUFF BOOT ALLCAST CLAIRE NADIA DUET SNOW SHOE~Black~W 7~NWTKEEN Women's Targhee II Raven/Bossa Nova Hiking Boots 10.5MVince Camuto Kassie Black Multi Brocade Floral Luxe Ankle Boots 9 39 NewHush Puppies Women's Cyra Catelyn Ankle Bootie, Butterfly, Size 5.5 , Charlotte Russe Black Boots size 9 Knee High 4" HeelB7 Womens Brown Faux Leather Wide Width Calf Tall Kara Riding Boots Size 8.5 39Vagabond Womens Shoes Size 38 8 Brown Distressed Leather Mid Calf Boots Casual , women new casual suede stitching side zipper round toe block heels ankle bootsBottes Hautes Genoux ANDRE Daim Marron T 38 TBENew B. Makowsky Brown Western Inspired Leather Boots sz 6W $156 , CLARKS Gelata Siena Black Suede Ankle Boots Size 5.5 MSanuk Womens Nice Bootah Booties Grey Arrowooly Wool Size 9 New , Justin Womens Cora Kipskin Roper Boots Sz 7 B Black Leather Equestrian $130women elegant ankle boots stitching pointy toe rhinestones block heeels pull onShades of Brown Leather Side Zip NAOT Low Wedge Ankle Boots US 8Rachel Roy Shoes Size 9 M Womens New Kadirah Silver Black Leopard Ankle Boots ,
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 $80 NEW Women Nike Kaishi High Black Water Resistant Boots 807195 001 Size 6.5 , Soda Women's Fashion Two Tone Riding Knee High Boot Women's Shoes Size 6 -11 NEWS OLIVER Womens Shoes Sz 7 Heels Booties Ankle Boots Pointed Toe Fall 37 EUGap Women's Brown Suede Slanted Fawler Heel Ankle Booties Size US 6.5DR. MARTENS WOMEN'S FLORA SLIP-ON BOOT BLACK LEATHER 7 MEDIUM 5 UK $135 , Women Boots Over Knee High Heels Fashion Lance up Sexy Cute Design , Womens BOC BORN CONCEPT camel brown leather bootie sz 9.5 , MARC FISHER LTD Womens Dark Brown Suede Pointed Toe Aaliyah Boots Size 5 Medium , S110 New Clarks Ralene Luster Tan Leather Sandals 7MMerrell Sleet 6 Weatherproof Black Performance Womens Snow Boots Size 7 AnkleCOLE HAAN Women's D42391 Waterproof Suede Knee High Boots Black Size 9.5 B , Ziginy Zigi Girl Womens Corree Black Distressed Suede Split Shaft Ankle Boots 6Women's Nine West Jinxie Black Pointed Toe Heeled Ankle Boots Size 7 M , KARL LAGERFELD PARIS JULITA SUEDGE AND BEADED WEDGE BOOTIE, SIZE 7, NWT , ADRIENNE VITTADINI NEW YORK WC Women Mid-Calf Boots Size 10M Black LeatherKeen Womens Gypsum II Mid Waterproof Slip-Resistant Trail Hiking Boots Shoes 6 , PRADA women shoes sz 6.5 Europe 37 black leather S7015 , Womens Leather Ballet Flats Ribbon Accent Black Color US7.5 EU37.5 24.5cm , Nwob Dansko Ankle Boots Sz 37 Black Leather , Vince Camuto Women's LESTA Oxford Flat - Choose SZ/Color , AE755 FABI shoes green suede strass women ballet flats , NEW Vince "Tara' Pointed Toe Leather Slip On Flats Women's Size 6.5 ANB , Munro Yale Oxfords - Women's Size 10 M, Brown , AUTHENTIC CHRISTIAN LOUBOUTIN STECKEL WOMEN'S DECK SHOES NAVY GRADE AB USED-ATJOSEF SEIBEL Womens Pewter Metallic Fashion Sneakers Sz 39 , Jack Rogers Womens 9M Multi Color Teagan Fashion SneakerEcco Womens Receptor Taupe Nubuck Sneakers Hiking Shoes Leather US 10 , Women's TAHARI.."HARPER"..BLACK..SUEDE 6 BootsWomen's New Women's Shoes 7 Athletic ShoesWomen's B.O.C. BY BORN BOOTIES Boots
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Cuce Shoes MLB Baseball Blue Women's Boston Shoes Red Sox The The Champions Boots - Blue d749ee9 Baseball-MLB
Powered by VIP.