The Buzz
All markets and investing news all the time

Columbia Cascadian Summit Water Summit Resistant tkphotog-19671/Thermolite Boots Black Boots Women's Size 7 e74a427




Item specifics

Condition:
Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Brand: Columbia
Color: Black Style: Snow, Winter
Material: Suede Leather, Rubber, Synthia Width: Medium (D, M)
US Shoe Size (Women's): 7

Columbia Cascadian Summit Water Summit Resistant tkphotog-19671/Thermolite Boots Black Boots Women's Size 7 e74a427 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Columbia Cascadian Summit Water Summit Resistant tkphotog-19671/Thermolite Boots Black Boots Women's Size 7 e74a427
Columbia Cascadian Summit Water Summit Resistant tkphotog-19671/Thermolite Boots Black Boots Women's Size 7 e74a427 - hollisbaker.com

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%.

Columbia Cascadian Summit Water Summit Resistant tkphotog-19671/Thermolite Boots Black Boots Women's Size 7 e74a427

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Columbia Cascadian Summit Water Summit Resistant tkphotog-19671/Thermolite Boots Black Boots Women's Size 7 e74a427 - hollisbaker.com
About This Author
Columbia Cascadian Summit Water Summit Resistant tkphotog-19671/Thermolite Boots Black Boots Women's Size 7 e74a427 - hollisbaker.com
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
Contributors
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
 
LL Bean Leather Suede Wool Insert Waterproof Snow Winter Boots Women's Size 6Women Winter Snow Boots High Top Wedge Nubuck Large Plus Size Warm Velvet ShoesBlack heeled chelsea styled ankle booties, TOPSHOP, Leather , (NJ-511) Women's La Sportiva FC 4.0 GTX Hiking Ankle Boots size 7.5Material Girl Persia Women's Boots Cognac , Nine West Women's Leather Knee High Boots Black Size 7.5Marc Fisher Leather Stacked Heel Chelsea Boots - Danton size 9 Bordeaux QVC $139 , WOMEN'S Matisse Ankle Boots BLACK 4 Inch Heels Shoes Leather Brazil Sz 8 MDingo Women's Fringe Cowboy Boots Tan Brown Leather Western Mid-Calf Shoes 6.5 MNorthside Pioneer Hiking Boots - Women's Size 8.5, Brown/Purple , PRADA Black l Ankle Boots Booties Suede Size 38.5 Zip Number 9536 . (box33) , Women's Lucky Brand Linnea Taupe Suede Heeled Ankle Booties Size 10 MKaren Scott Majar Women's Boots Grey , Womens Suede Flat Over The Knee Thigh High Stud Stretch Calf Ladies Riding BootsPD TUFF Women's Brown Leather Kiltie Western Packer Work Boots Size 5 M USAEasy Street Faux Leather Shooties, Women's Size 7.5WW, Black NEWThalia Sodi Chelaa Women's Boots BlackMaterial Girl Rheta Women's Boots TanCLEARANCE NATURALIZER BLACK LEATHER KNEE HI Boot 5.5M WShaft ( msrp$200+)L.L. Bean~Women's Bootie~Oiled Brown Leather~Size 9~Slip on~Hook/Loop Fasten~ , Vince Camuto Womens Shoes Size 7.5 SuedeNEW NOMAD Black Leather Boots Size 7 Womens Heels Diamond Peek Cut Ankle Shoes , BRAND NEW "LAMO" SHEEPSKIN LINED BLACK SUEDE BOOTS WOMEN SZ 10 , Style & Co. Jamila Women's Boots SaddleSTUART WEITZMAN Women's Ankle Waterproof Rain Boots Black Goretex Leather 9.5 M , New Women's 3 layer Mid-Calf Faux Suede Fringe Tassle Flat Moccasin Dress BootsINC Hadli Women's Boots Warm TaupeSam Edelman Tinsley Boots - Women's Size 9M, Sangria , Steve Madden 'Brewzzer' Black Leather Motorcycle Boots - Women's Size 7.5
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 BARE TRAPS WOMEN RIDER BOOTS US 9.5 M PATENT LEATHERHunter Boots High Top Waterproof Sneaker Men’s 6/womans 7.5 Multicoloured EUC , Fergalicious Women's Tootsie Knee High Boot, Doe, Size 5.5 SZ5L , Nine West Women's Blueberry, Green Suede, 10.5 M US , Women's Shoes JBU PULLMAN Adventure Ankle Booties Winter Boots BrownBLONDO Made in CANADA Waterproof Suede w/Pure Wool Lining Boots Size 7B Régence , Khombu Slope Womens Ladies Waterproof Grey Winter Boots US Size 8M , Tsubo Womens Emilee Metallic Crackle Suede Bronze Boots US 8.5 , Nine West Women's Black Stiletto Pointed Toe Knee High boots Size US 7.5 M , Nine West Fenna Black Satin Stretch Over the Knee Boots Stiletto Heels 9.5 NIBCLASSIC WOMEN'S DANSKO BLACK "OKSANA" SLIP ON LEATHER/PATENT LOAFER SIZE 9.5-10 , ZIGI SOHO Womens Madalyn Closed Toe Mid-Calf Cold Weather Brown Sd Size 7.0 W7 , Josef Seibel Bonnie Leather Ankle Bootie Castagne Nesty Oil Brown Sz 41 US 11Unisa Womens Piera Suede Closed Toe Ankle Fashion Boots, Blue, Size 10.0 D9vu , NIB LOUBOUTIN PIK BOAT WHITE FLORAL PYTHON LEATHER SPIKES SNEAKERS SKATER 38NIB BOTTEGA VENETA Brown Weaved Leather Pointed Toe Slippers Shoes 6/36 $490CHIARA FERRAGNI Flirting KISS Gene Simmons Shoe US Size 9 Ballet Flat NIB , Stuart Weitzman Superson Brown Womens Shoes Size 6 M Flats MSRP $398 , Tory Burch Chase Matte Glove Nappa Ballet Flats Tory Navy Size 6.5Women's THIERRY RABOTIN Shoes 38.5 EU Italy Genuine Leather Brown Beige EUC , Mobils Patrizia Black Womens Nubuck ShoesNike Air Max 90 Ultra Flyknit Black Multi 881109 001 Women's Size 7 , New Balance Women's 711V3 Graphic Cross-Trainer Shoe - Choose SZ/Color , PUMA Womens Suede Remaster Wns Fashion Sneaker- Pick SZ/Color.Saucony Women's Kinvara 6 2015 Boston SMU - Yellow/Green (S10282-10) size 11.5 , Women's Freeform Black Jazz Shoes Athletic Shoes , Women's Steve Madden Women's P-Heaven FlatsCharles David Black High Heels Boots / Shoes , Women's Warm Winter Fur Lined Pull On Hidden Wedge Heels Casual Ankle Boots Hot , Sperry Top-Sider Women's Koifish Core Boat Shoe Linen/Oat Leather ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Columbia Cascadian Summit Water Summit Resistant tkphotog-19671/Thermolite Boots Black Boots Women's Size 7 e74a427 Boots
1800098
4797322
6442626
11673929
12898895
16307650
17938638
18196215
18942850
Powered by WordPress.com VIP.