The Buzz
All markets and investing news all the time

Women's CHURCH'S PANTOFOLA SOVERIGN PANTOFOLA CHURCH'S Flats Flats 0a4387d




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: CHURCH'S
MPN: Not applicable Style: Ballet Flats

Women's CHURCH'S PANTOFOLA SOVERIGN PANTOFOLA CHURCH'S Flats Flats 0a4387d - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's CHURCH'S PANTOFOLA SOVERIGN PANTOFOLA CHURCH'S Flats Flats 0a4387d
Women's CHURCH'S PANTOFOLA SOVERIGN PANTOFOLA CHURCH'S Flats Flats 0a4387d - 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%.

Women's CHURCH'S PANTOFOLA SOVERIGN PANTOFOLA CHURCH'S Flats Flats 0a4387d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's CHURCH'S PANTOFOLA SOVERIGN PANTOFOLA CHURCH'S Flats Flats 0a4387d - hollisbaker.com
About This Author
Women's CHURCH'S PANTOFOLA SOVERIGN PANTOFOLA CHURCH'S Flats Flats 0a4387d - 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
 
Women's Céline Shoes Flats , Women's PRADA GOLDEN LEATHER FLATS FlatsWomen's PRADA GOLDEN LEATHER DRIVING SHOES FlatsWomen's roger vivier FlatsWomen's Fendi Sneakers FlatsWomen's Aquazzura Shoes Flats , Women's Chloe Triple Buckle black shoes Flats , Women's Prada Metallic Leather Mule FlatsWomen's Prada Suede Loafers, 36 Flats , Women's isabel marant loafers size 39 FlatsWomen's Valentino Ballerina Flat- Grey/poudre Sz36.5 FlatsWomen's NIB TOD'S suede loafer flats Flats , Women's Ferragamo Varina Flats 9.5D FlatsWomen's roger vivier chips shoes size8.5 Flats , Women's Derbies Prada FlatsWomen's black dior etnie flats Flats , Women's Jil Sander Square-Toe Leather Mule FlatsWomen's Tod's Suede Loafer Flats , Women's Prada Tassel Loafers $550 Flats , Women's Dior Studded Ballerina Flat FlatsWomen's Tods Suede Tassel Loafer Flats , Women's Tod's Perforated Leather Sneaker FlatsWomen's ferragamo shoes women9.5 Flats , Women's Valentino Rockstud Caged Flats Flats , Women's Miu Miu Fringe Bow Flat FlatsWomen's Lanvin Pearls Leather Ballet Flat Flats , Women's Chloe Leather Mule, 39, Brown Flats , Women's Prada Suede Slide Mule Flats , Women's PRADA BLACK SATIN BALLET FLATS Flats
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 02-2567 Minnetonka Moccasins 1531T Women's Brenna Boot SIZE 7.5 , GUESS Women's Black Leather Side Zip Boots Size 6.5 , FRYE Rare Whiskey Brown Leather Fringe Boots Booties 9.5 Nr Free Shipping!Me Too Women Tall Riding Boots Size 7M Artic Knee High Brown Leather Zip Buckle , Womens Pointed Toe Faux Fur Ankle Boots Stilettos High Heels Casual Shoes I205 , MERONA ESTELLE CHOCOLATE BLACK FAUX LEATHER SLIP RIDING BOOTS SIZE 6 MEDIUMWomen's Sweet Synthetic Snow Flat Winter Warm Boots Shoes USA Sizes 4.55678 ChicBorn Taupe Suede Zip Heeled Ankle Fashion Boots Booties Size 7 M Style F11722Wolverine Women's Kacey Composite Toe Cowboy Boots Size 7.5NEW Rockport CG8064 Vanna Distressed Leather Booties, Women's Size 8W, Black , WEEKEND BARBER SULI ZIP BOOTS BLACK SUEDE SIZE UK4, US7, NEW! , Ariat Women's Fleece Lined Tan & Turquoise Cruiser Shoe 10021642 MSRP = $94.95 , Karen Scott Womens GaffarWC Leather Almond Toe Knee High, Black WC, Size 5.5SAM EDELMAN Ankle Boots US 7.5 Leather Black Zipper Booties Block Heel Buckle , Vtg Morlands Women's 9 M Brown Suede Sheepskin Waterproof Zip Up Ankle BootsECCO Womens TouchBallerina 2.0 Ballet Flat- Pick SZ/Color. , Balenciaga Italy 40 | US 10 Dress Loafers Shoes Leather Slip On Stacked Heel , Camper Women's Right Nina Ballet Flat Red 40 EU/10 M USNine West 25027214 Womens Nimah Leather Loafer Flat 6.5- Choose SZ/Color.Clarks Corabeth Abby Womens Flat- Choose SZ/Color. , GEOX RESPIRA Shoes Silver Leather/Canvas Sneaker ESPADRILLES Flats US 10/40 $195 , Donald Pliner Women's Niki Black and Silver Patent and Fabric Mary Jane Flat , FARREN 505291 Vaneli Womens Farren Flat 6(B)- Choose SZ/Color. , NEW Womens Brooks Ariel 14 $150 Pearl Pink Purple Silver 7 Running Shoes 16 18Airtech DT New York Superlite Womens Casual Slip-On Comfy Trainers GreyWomen's NIB! Bucco Women’s Leunist Boots-BLACK-8.5M Boots , French Blu Womens Green Cowboy, Western Boots Size 6 (428160)Bare Traps Wos Boots Ankle SABELLA US 9 W Brown Leather Zip Buckle Faux Fur 6221 , Clarks HOPE ROXANNE Womens Brown 37201 Slip On Comfort Shoesadidas Performance Womens Poweralley 4 W Softball Shoe- Pick SZ/Color.
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women's CHURCH'S PANTOFOLA SOVERIGN PANTOFOLA CHURCH'S Flats Flats 0a4387d Flats
142930
182783
548591
6590351
7097013
8071413
8859619
11708787
16505114
Powered by WordPress.com VIP.