The Buzz
All markets and investing news all the time

Clarks Ballet Women's Lily Grace Women's Lily Ballet Flat e4a273c




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: Clarks
Style: Flats

Clarks Ballet Women's Lily Grace Women's Lily Ballet Flat e4a273c - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Clarks Ballet Women's Lily Grace Women's Lily Ballet Flat e4a273c
Clarks Ballet Women's Lily Grace Women's Lily Ballet Flat e4a273c - 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%.

Clarks Ballet Women's Lily Grace Women's Lily Ballet Flat e4a273c

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Clarks Ballet Women's Lily Grace Women's Lily Ballet Flat e4a273c - hollisbaker.com
About This Author
Clarks Ballet Women's Lily Grace Women's Lily Ballet Flat e4a273c - 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
 
Ecco Size Eur 40 US 9 9.5 Black Leather Toggle Sneakers New Womens Shoes , New EILEEN FISHER Women's Shadow Leather 'Map' Driving Loafer Shoes Size 9Ted Baker Women's Nilia BLACK Patent Leather Flat Ballet Designer Shoes Shiny , Aerosoles Women's Hierarchy FlatCape Clogs Women's SolidsNeiman Marcus Womens Ballet Flats Beige Quilte Leather Slip On SuzyLucky Brand Women's Cahill loafer flats Black Leather New With BoxAdrienne Vittadini Women's Aronni Mary JaneGENTLE SOULS Portobello Cobalt Blue Sz 8 M Women’s Suede Leather Loafers ShoesBass Women's Bonnie Tan Driving Moccasin Suede Slip-On Shoes 6.5 MediumLady Couture Rock Round Toe Flat Dress Sneakers Choose Sz/Color , tory burch flats blue suede excellent conditionNIB Dr. Martens Women Mae Mary Jane shoes Aunt Sally LeatherAdrienne Vittadini Women's Nigel Cut-Out Pump , Adrianna Papell Size 7.5 M KANE Black Fur Loafers Oxfords New Womens ShoesEasy Spirit Size 6 Black Leather New Womens ShoesNew Tory Burch Womens Billy 2 Blue Loafers Size 7 , Rebecca Minkoff Women's Gwyn Ankle-High Leather Flat Shoe , Lacoste Women Flats Oxfords Carnaby Evo 118 3 Fashion Sneakers White , Lucky Brand COZZMO Women's Leather Knot Loafers BLACKArcopedico Ellery Flats - Women's Size 6 B, Black , Dansko Size US 6 6.5 Canvas Loafers New Womens Shoes , Bally Blue Suede Shoes Size 7MSPERRY Top-Sider GOLD CUP Women's Leather Loafers A/O Boat Shoes sz 10 , Naot Women's Aroha Mary Jane, Black - Size US: 9 / EU: 40DANSKO WOMEN'S DEBRA WALKING COMFORT SLIP-ON SHOE ARCH SUPPORTTOPSHOP Womens 'Primrose' Black Leather Ankle Strap Ballet Flats Sz 38Womens TORY BURCH REVA Brown / Tan Leather Ballet Flats Shoes sz 7 M SUWomen's Vionic Surin Ballet Flats White US Sizes
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 Women’s Size 7 Wide Hush Puppies Boots Taupe Suede Cyra Catelyn Shoes Tan W 7W , Jessica Simpson Womens Tandra Leather Closed Toe Ankle Fashion BootsBottes Pointues NOTA BENE Cuir Souple Noir T 41 TBE , COLE HAAN Womens 'Grand OS' Gray Suede Leather Ankle Boots Sz 7.5 BOCC Orange County Choppers Brown Leather Motorcycle Riding Biker Boots 8 Women , Nocona Boots Womens Black Red Leather Pointed Toe Mid Calf Cowboy Boots Size 6 BBCBGENERATION HOLLAND GRAY NUBUCK SUEDE SLOUCH COWBOY WESTERN BOOTS WOMEN'S 7 BEarth Shoes Womens style 'Pirouette 3' size 9.5 Mahogany color Brand NEWCape Robbin Fay-2 Over The Knee Stretch Glass Heel Thigh High Boot 6.5 Grey , NWB Minnetonka Moccasin 2990 Black Fringe Boots 8.5 , Cole Haan Dressy Professional Soft Black Leather Zip Up Knee High Boots Size 6Nocona Dakota Bootie Women Square Toe Leather Tan Western Boot Womens Sz 8.5 BKenneth Cole REACTION Women's Tap Dance Slip Shootie with, Taupe, Size 8.5DANSKO 806020202 - Professional Cabrio Size: - Color: , TOD'S WOMEN'S BLACK SUEDE LEATHER SLIP-ON MULES w/ FAUX FUR & SUEDE BOWS SZ 6.5Doc Martens 1461 Metallic Silver Santos Leather 3 Eye Oxford Shoes Womens 10 42Taryn Rose Faye Rose Gold Metallic Leather Loafer Slide Comfort Shoe 7.5 NewNew $690 MARNI Sabot Calf Leather Mules Slides Flats Loafer Black White Sz 37.5 , LADIES SHOES/FOOTWEAR - Naot Tatiana sandal ink polar sea(navy)BALLERINES REPETTO BOHEME CHIC NOIRES AVEC FRANGES Taille 39 40$298 DIANE VON FURSTENBERG CADENCE Black Leather Designer COMFORT Loafers 8 , Fashion Womens Girls Sports Running Shoes Sneakers Outdoor Breathable SneakersWomens Blue LEVIS Lo Top Patriotic Stars Athletic Sneakers US Size 7.5 , NEW SKECHERS WOMENS BREATHE EASY POINT TAKEN WIDE FIT MEMORY FOAM SHOES , Propet Women's Julene Mary Jane Pink Full Grain Sheep Leather Hook and LoopSpring Step Women's Lilou Wedge Sneaker , Skechers Sport Women's Breathe Easy calmly Sneaker , Wmns Nike Roshe Two Flyknit 2 II Rosherun Orange Women Running Shoes 844929-005Adidas Womens Pure Boost X Running Shoes Size 8La Redoute Collections Womens R Edition Striped Brogues ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Clarks Ballet Women's Lily Grace Women's Lily Ballet Flat e4a273c Flats
5335649
5728740
7754457
11844381
12955844
16241932
17497707
17972437
18215227
Powered by WordPress.com VIP.