The Buzz
All markets and investing news all the time

Ladies Shoes Clarks Casual Sporty Shoes - Ladies - Tri Allie d7fa5c7

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
Lining: Textile and Leather
Style: Ballet Flats Brand: Clarks
UPC: Does not apply

Ladies Shoes Clarks Casual Sporty Shoes - Ladies - Tri Allie d7fa5c7 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Ladies Shoes Clarks Casual Sporty Shoes - Ladies - Tri Allie d7fa5c7
Ladies Shoes Clarks Casual Sporty Shoes - Ladies - Tri Allie d7fa5c7 -

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%.

Ladies Shoes Clarks Casual Sporty Shoes - Ladies - Tri Allie d7fa5c7

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Ladies Shoes Clarks Casual Sporty Shoes - Ladies - Tri Allie d7fa5c7 -
About This Author
Ladies Shoes Clarks Casual Sporty Shoes - Ladies - Tri Allie d7fa5c7 -
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
Ladies Remonte Lazer Detail Casual Flat Shoes D1922Ladies K's By Clarks Strap Fastening Casual Shoes Etna Oak , RIEKER L1763 RIPTAPE STRAP LEATHER CASUAL EVERYDAY WORK SMART SLIP ON FLAT SHOES , Ladies Remonte Extra Wide Everyday Shoes D0517LADIES K BY CLARKS NAVY LEATHER FLAT CASUAL RIPTAPE STRAP SHOES ETNA OAKLadies Remonte Slip On Casual Pumps D3701 , Ladies Gabor Ballet Flats Label 44.120 -WLadies Padders Wide Fitting Moccasins Ellen , Ladies Van Dal Shoes Style Perry-WLadies Rieker Mary Jane Flats 41357 , Easy B Ladies Casual Slip On Shoes Swing , Ladies Riker Mary Jane Flats Label 41399 , Ladies Clarks Smart/Casual Brogue Shoes Ennis WillowLadies Church's Low Wedge Casual Shoes Corinth , Ladies Padders Wide Fitting Casual Shoes JessicaLadies Rieker Diamante Detail Shoes 41340Rieker 41372 Light Blue Leather Casual Mary Jane Bar Shoes With Cut Out DetailsLadies Clarks Formal Shoes Busby Jazz , LADIES RIEKER 464H0 RIPTAPE STRAP FLAT LEATHER CASUAL ANTISTRESS EVERYDAY SHOESLadies Padders Casual Flat Shoes DeniseLadies Remonte Comfortable Everyday Shoes R9814 , Ladies Remonte Flat Casual Shoes R1704Ladies Rieker Casual Wedge Heeled Shoes 53783 , Ladies Clarks Smart Shoes Bodkin Beach , Ladies Padders Slip On Casual Shoes Re Grow , Ladies Clarks Casual Cut Out Detail Shoes Tri Blossom , Ladies Easy B Hook and Loop Fastening Flat Shoes Chantelle 2 , Ladies Rieker Casual Slip On Pumps L3051 , Ladies Rieker Casual Slip On Loafers 537T1 ,
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 Not Rated Savio Women's Faux Suede Open Toe Stacked Heel Ankle Boot BootieKhombu Dark Green Embossed Reptile Rubber Waterproof Knee-High Boots-Women's 6MTanl 1" Low Thick Heel Round Toe Belts Sexy Ankle Boot Size .5B35 Night Platform Over-The-Knee Boots, Black , Amanda Smith Mid Calf Pointy Boot Women size 9 Brown LeatherTopshop 'Alexus' Black Harness Ankle Boots Leather Booties Size 8.5 , Kenneth Cole Ken Black Womens Shoes Size 8.5 M Fashion Sneakers MSRP $130Franco Sarto Lizbeth Wide Calf Riding Boots, Black, 6 US / 36 EU Display , Unisa Womens Rowen Almond Toe Ankle Fashion Boots, Black, Size 8.0 s69J , Skechers Women’s 8.5 Brown Leather Zip Up Block Heel Platform 10” Boots 91250FOREVER Beige Quilted Buckle Boots size 10 , Sole Society Womens Pippa Suede Zip Bootie - Taupe US Size 7 w/ flaw , CLARKS Women's Kearns Garden Boot Black Leather 5 M US , Style & co. Women's Boots Leather Boot Ameliya Mid-Shaft Black 9MSAS Freetime Women's Bone Leather Walking/Work Shoe Diabetic Approved 6.5 Wide , ADIDAS STELLA McCARTNEY CRAZYTRAIN Women's Shoes US Size 9.5 NWOBWomens Dansko Professional Black Tooled Leather Pro Clogs 906020202 Size 36Mismatch THIERRY RABOTIN $420 US L 5 / R 5.5 Gem ITALY Ballerina Black Flats A5 , Cole Haan W04225 Womens 2.0 Studiogrand Convertible Ballet Flat , Nine West Women's Garroy Leather Oxford Flat - Choose SZ/Color , New Balance 580 V3 Womens Size 11 Running Shoes SneakersWomen's Rhinestone Mesh Platform Sneakers breathable Hidden Heel Creepers ShoesVALENTINO Women's Rock Runner Camo Sneakers NW1S0291TCC 31F EU SizeAna Lublin Shoes Women Sneakers Black 87198 BDT TRENDYNew Balance Fresh Foam Cruz V2 Women's Black/Black CRUZRB2BBloch Women’s Boost DRT Pink Mesh Split Sole Hip Hop Dance Sneaker Size US 5.5Nike Womens Elite Shinsen Gray Running Shoes Size 12 (414801) , Women's Pleaser Women's Kiss 3010 Black/Black Athletic Shoes , Tall Brown Fringe Moccasin Boots Women's Sz 7 , Women's FERGIE PUNCH Brown/Brick Fashion Shoe Casual Dress Ankle Boots/Booties
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Ladies Shoes Clarks Casual Sporty Shoes - Ladies - Tri Allie d7fa5c7 Flats
Powered by VIP.