The Buzz
All markets and investing news all the time

Grey Brand Suede rock Viva Creepers Size womens 9 Punk localjoes-22108 Brand New With Box rock 43a0432

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: New Rock
Style: Creepers US Shoe Size (Women's): US 9
Material: Suede Heel Height: Low (3/4 in. to 1 1/2 in.)
Color: Gray EUR Shoe Size (Women's): EUR 40

Grey Brand Suede rock Viva Creepers Size womens 9 Punk localjoes-22108 Brand New With Box rock 43a0432 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Grey Brand Suede rock Viva Creepers Size womens 9 Punk localjoes-22108 Brand New With Box rock 43a0432
Grey Brand Suede rock Viva Creepers Size womens 9 Punk localjoes-22108 Brand New With Box rock 43a0432 -

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%.

Grey Brand Suede rock Viva Creepers Size womens 9 Punk localjoes-22108 Brand New With Box rock 43a0432

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Grey Brand Suede rock Viva Creepers Size womens 9 Punk localjoes-22108 Brand New With Box rock 43a0432 -
About This Author
Grey Brand Suede rock Viva Creepers Size womens 9 Punk localjoes-22108 Brand New With Box rock 43a0432 -
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
Cole Haan country Womens black leather shoes size 8.5 , JEFFREY CAMPBELL Ravis Studded Loafer Mule Size 7 , TORY BURCH Alexandra Black Split Suede Fringe Moccasins Driving Flat Sz 7 #J3Cole Haan Womens Air Bria Oxford Sneakers Shoes Suede Patent Brown 7 NEW IN BOX , Munro American Walking Wedge Flats - Women's Size 7.5 W Pearlized White (repair) , Joie Temple Gold Womens Shoes Size 9 M Flats MSRP $245Dansko Hilde Black Suede Slip On Size 38 4506-100202GENTLE SOULS WOMEN'S BLACK LEATHER CHELSEA BOOTIES SIZE 9 MCole Haan Women's Black Ballet Flats - Size 9.5BCLARKS Ladies 'VALLEY LOUNGE' Flats PEWTER METALLIC Sz. 9.5 M NIB , Women's Vintage Miu Miu Brown Leather Two Toned Loafers Flats Shoes , Clark Originals Women Flats Size 9.5 M Black Crepe Soles Leather Insoles 39881 , Nine West Aquino Flats - Women's Size 10M - Black (NEW!) , Vintage 70s Trax Womens Size 7 Canvas Casual Slip On Sneakers Shoes PinkDoc Dr martens Womens US 5///Mary Jane Brown Leather Double Strap ShoeNew OTBT Voyage in Dove grey color size 7US , FRATELLI ROSSETTI WOMENS OFF-WHITE SUEDE YACHT LOAFERS US 6M ITALY EUC RARENew Dansko Professional Patent Black Clogs Women's Size 9 EU size 40 NWOBCole Haan Pink Leather Ballerina Flats Size 7.5Soludos Women's Ropy Smoking Platform Slipper HD3 Natural/Black Size US:9 , Samuel Hubbard Women 7M "Hubbard Free" W1100058 Leather Breathable Eu 37 Navy , Ladies Doc Martin Slides Gold Art Painted EUC Size 9 41EU RARE!!!Sam Edelman Felicia Snake Print Flats - Women's Size 6M, White/Tan/Black , MERRELL WOMEN'S LUXE KNIT CLOG BURNT OLIVE LEATHER US SZ 6 MEDIUM (B)M PRE-OWNED , Diane von Furstenberg Black Cadence Gold Studded Leather Flats Women's Size 7.5 , Badgley Mischka Womens ballet flats. Size 6 Black Satin Sindee MP2159Seychelles Latest Flat - Women's Size 6, Nude , 11B Cole Haan Shiny Mint Green Patent Rounded Toe Ballet Flat LoaferSperry Top Sider Women's Duck Boots Saltwater Wool Plaid Grey Red 5.5 ,
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 Rampage Womens Black Ursula 3" Heel Knee High Boots Shoe Size 10 MLadies Western Style Boot Distressed Looking by Coconuts Size 7.5 Pre-Owned , Escarpins Pointus, petit talon. Bleu Ciel T40. Brides Élastiques. Bon état , Hot Women’s Ankle Boots Side Zip Block Low Heels Pointed Toe Shoes Fashion R794 , Fergie Women's Bennie Boot Size 7Massini Brianna Fashion Boots Size 7 M Color Black New In BoxCorso Como Womens Simba Boot- Pick SZ/Color. , Bottes Hautes Genoux GMA Cuir Marron T 41 TBE , XOXO Womens TRISHH2 Closed Toe Knee High Fashion Boots Taupe Size 11.0 MYTiBillabong Women's Take A Walk Boot Off Black Size 6.0Henry Ferrera Ambiance-100 Pewter With Black Belt Tall Pull On Rain BootsNaturalizer Women's Carabell Oxford, Tan, Size 6.5Dr. Comfort Sunshine Women's Dress Shoe Light Gold , Diba Womens Brodie Fabric Almond Toe Ankle Fashion Boots, Red paisley, Size 9.0 , Size 6 37 Kanna Brocade Velvet Women’s Side Zip Closure Boots Booties Boot $188 , Charles by Charles David Debutante Thigh High Boot size 9M100%authentic Burberry Hodgeson Striped Raffia Espadrille flats sz 37 /7 US , Vince Camuto Women's Lesta Oxford Flat , Womens SEE BY CHLOE 202413 black w/ studs leather ballet flats sz. 35.5 NEW!NEW AGL shoes Quilted Cap Toe Ballet Flat /US 8 Black/Pewter ATTILIO GIUSTISAINT LAURENT PARIS YSL BLACK STUDDED ESPARDRILLES 39 US 8 NWOB , NWB MEPHISTO RED LEATHER CONTRAST STITCHED JANET LOAFERS PORTUGAL 9.5 $250Asics GEL-Exert TR Training Shoe, Women's - Size 8, Navy/Mint/PinkUSED Women's SKECHERS Black+Multi MICROBURST MADE YOU LOOK 23325 Slip On ShoesSteve Madden Fringe Stilettos Heels Shoes Womens Royal Ladies Fashion FootwearKarl Lagerfeld Womens White Espadrilles size 41 - 28cmSkechers Women's Side Street-Awesome Sauce Sneaker - Choose SZ/ColorSpring Step Women's TwilaAsics Gel-Nimbus 12 Womens Running Shoes 2A Narrow WidthWomens Chunky Mid-high Heels Side Zipper Pointed Toe Fashion Ankle Boots A876 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Grey Brand Suede rock Viva Creepers Size womens 9 Punk localjoes-22108 Brand New With Box rock 43a0432 Flats
Powered by VIP.