The Buzz
All markets and investing news all the time

KICKERS trendy cuir anthracite cuir NEUVES Valeur Valeur 179E 36 Pointure 36 262d37d




Item specifics

Condition:
New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Pointure: 36
Matière: cuir Marque: kickers
EAN: Non applicable

KICKERS trendy cuir anthracite cuir NEUVES Valeur Valeur 179E 36 Pointure 36 262d37d - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
KICKERS trendy cuir anthracite cuir NEUVES Valeur Valeur 179E 36 Pointure 36 262d37d
KICKERS trendy cuir anthracite cuir NEUVES Valeur Valeur 179E 36 Pointure 36 262d37d - 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%.

KICKERS trendy cuir anthracite cuir NEUVES Valeur Valeur 179E 36 Pointure 36 262d37d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
KICKERS trendy cuir anthracite cuir NEUVES Valeur Valeur 179E 36 Pointure 36 262d37d - hollisbaker.com
About This Author
KICKERS trendy cuir anthracite cuir NEUVES Valeur Valeur 179E 36 Pointure 36 262d37d - 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
 
GB35 Raiven Knee High Buckle Boots 080, Black, 10 USPenny Loves Kenny Women's Bettle Black Ankle BootKICKERS El soho cuir antracite Talon 4cm NEUVE Valeur199E pointures 36,37 , Wembley Tweed Shaft With Angle Cut Autumn Boot , Sperry Top-Sider Ambrose Black Leather Fashion Ankle Boots Womens Size 8 M , Free People Belleville Ankle Boot Size:6 MSRP: $198 New Women Leather , brand new in box woman Ash booties size 39 , Boots Italian Felici Boots Braccialini with Square Toes- Size 40 EUR , NIB JUICY COUTURE SWEATER BOOTS Marlin Fashion Knee pull-on Women size 5Sam Edelman Louie Chestnut Brown Suede Leather Fringe Ankle Boot 8.5 M , Wembley Tweed Shaft With Angle Cut Grey Pink BootTop Shop Black Leather Short Moto Ankle Boots Women’s Size 38 MNIB Black Leather Fringe Bootie By ALDO, Size 10Grey Size 5 Knee High Fashion Boots With One Inch HeelWembley Tweed Shaft With Angle Cut Chocolate BootCole Haan Janna Short Belt Brown Leather Mid Calf Boots Women's Size 8.5 M *Zigisoho 'Tequila' Brown Leather Short Boots Women's Size 6.5 M**Kenneth Cole Catch Me Black Leather Knee High Fashion Boots Women's Size 5.5 M*Boot Blowfish Sill Sand Saddle Rock/Dyecut PU , Sole Society Brandi Tan Suede Knee High Boots Women's Size 9 M * , Franco Sarto Size 6 Womens Brown Boot L-Larriat Mocha SaddleEMU Ridge brand sand colored suede bootsSteve Madden Truthh Black Suede Ankle Boots Womens Size 8.5 M , DV DOLCE VITA Lucile Tall Black Boot W/ Silver Buckles Size 6 M MSRP $130 #X , Carlos by Carlos Santana Women's Helene BootZARA ankle BOOTS size 38 US leather designer , Botkier - Sam Copper Snake women's shoes, Size 9. , Trotters Lyra Black Leather Knee High Fashion Boots Women's Size 5.5 M*Sole Society Nila Taupe Suede Wedge Knee High Boots Womens Size 9.5 M *
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 NEW Womens Ladies NOT RATED Beige Western Style Short Boots Booties Heels 10Call It Spring Womens Lovelarwen Closed Toe Ankle Fashion Boots , STRAPPY TIE UP BOOTS SAM & JEFFERY RIPLAY NATIVE SIZE 8 BOHO TAN HIPPY , Rampage Bram Flat Ankle Boots 215, Black, 7.5 US , Easy Street Davis Tan Ankle Wedge Heel Boot Women’s Sz 6.5 M , NWT New LAUREN CONRAD LC Cut Out LILY Sz 9 Taupe High Heeled Cris Cross Boots , Bare Traps Womens lainey Suede Almond Toe Ankle Cold Weather, Black, Size 7.5 sn , Chooka Women's V-Gore Wedge Boot, Black, Size 6.0 uCcNNew $229 GENTLE SOULS Nori Ankle Boots Demi Wedge 6.5 M , LUIGI ASCIONE Leather Shoes Sz 38 Italy BlackWomen's Black Faux Suede Studded Thigh High Boots , Melissa Spice Black Slip-On Flats Size 8 Gold Accents Pointed Toe , Amalfi By Rangoni Luma Womens NWOB Fabric Stretch Brown Shoes Size 7.5 MED NEW , Womens Sz 6.5 Brown Leather Fur/Hide Inlay Cowboy Boots$139 BCBG BCBGeneration Women BG-Joesana Platform Suede Bootie Shoe,Black,US 7.5Steve madden hansil knee high black suede boots size 7.5 newEUC Women's Roper Performance Leather Sport Comfort Slip-on Ostrich Quill Size 8Tory Burch Gemini Chain Blue Print Canvas With Gold Tone T Bow Flats Size 8M , Vince Black Suede Warren Slip On Fashion Sneakers Womens Size US 9.5M , Adidas ClimaWarm Blast Blue Teal Running Workout Running Shoes Women's size 9 , Women's Propet Mya slip ons White Leather New NIB Sizes Wide Width 2E WSR006New VIONIC Chill Athens Loafers Orthotic Gray Suede Women 7 MWomen's bzees 8w Women Athletic ShoesWomen's Loafer Ivanka Trump Zarina Blue Flats , Women's Baretraps Cathryn Women's Boots Black Boots , Women's Messeca Alex Bootie Size 6 Boots , Sweet Women's Wedge Hidden Heels Tassels Fringes Strappy Ankle Boots Party Shoes , STEFANEL Leather High Heels Ankle Boots Size 39 Made in Italy , O.X.S. Leather Ankle Boots Size 37 Real Fur Trim Made in ItalyASICS S755N.9099 Womens Gel-Craze TR 4 Cross-Trainer Shoe- Choose SZ/Color. ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
KICKERS trendy cuir anthracite cuir NEUVES Valeur Valeur 179E 36 Pointure 36 262d37d Autres
444929
4718545
5384908
11856230
12000089
15324341
15331687
16665354
17872771
Powered by WordPress.com VIP.