The Buzz
All markets and investing news all the time

Kelsi Dagger Brooklyn Size Women's Royce Sneaker, Platinum, Platinum, Sneaker, Size 9.0 e4fd25d

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: Kelsi Dagger
Pattern: Solid Width: Medium (B, M)
US Shoe Size (Women's): 9 Color: Silver
Style: Running, Cross Training UPC: 192045005772

Kelsi Dagger Brooklyn Size Women's Royce Sneaker, Platinum, Platinum, Sneaker, Size 9.0 e4fd25d -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Kelsi Dagger Brooklyn Size Women's Royce Sneaker, Platinum, Platinum, Sneaker, Size 9.0 e4fd25d
Kelsi Dagger Brooklyn Size Women's Royce Sneaker, Platinum, Platinum, Sneaker, Size 9.0 e4fd25d -

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%.

Kelsi Dagger Brooklyn Size Women's Royce Sneaker, Platinum, Platinum, Sneaker, Size 9.0 e4fd25d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Kelsi Dagger Brooklyn Size Women's Royce Sneaker, Platinum, Platinum, Sneaker, Size 9.0 e4fd25d -
About This Author
Kelsi Dagger Brooklyn Size Women's Royce Sneaker, Platinum, Platinum, Sneaker, Size 9.0 e4fd25d -
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
Nike Vomero Nine Purple Running Shoes 9 1/2 Zoom InsolesPropet Tour Walker Walking Shoes, Women's Size 9.5 B, Sport White , Diadora Kuruka - Blue - Womens , Rockport XCS Womens 9 M Medium Walking PurpleSuede Mesh Tie Trail Sneaker Shoe , PUMA Caroline NBK P Suede Women’s Shoes SneakersDiadora Action +3 - Blue - Womens , New Balance Womens - Gray Running Shoes Size 7.5 (C,D,W) (356983)Outdoor Shoes Women's Running Breathable Fashion Sneakers Flats Walking OxfordsNIB W0MEN'S SZ 9 SKECHERS "BREATHE EASY" WITH MEMORY FOAM ATHLETIC SHOES WHITENIKE REAX "Zebra" Athletic Running Training Shoes Women's Size 8.5 317109-111 , *MINT* CONVERSE CHUCK TAYLOR ALL-STAR METALLIC GOLD RUBBER SNEAKER~7 / 37.5Womens Size 7 Pink Reebok RealFlex Select 3D Fuseframe Running Shoes (pre-owned) , ASICS Womens Gel Venture 6 Gray Trail Running Athletic Shoes Size 8 Wide F6-463Womens Athletic Lepoard Sneaker Shoes Hidden Wedge Heel High Top Shoes Sbox14 , CONVERSE ALL STAR SNEAKERS WOMENS SHOES SIZE 10 BLACK FELT ANIMAL PRINTWOMENS AEROSPORT QUICK WALKING SALMON/LIGHT GREY/WHITE CASUAL RUNNING SHOES , CONVERSE Chuck Taylor All Star Womens 8 White Leather Faux Fur Lined Hi Top Y265Skechers Mesh Slip-on Mules Gratis No-Limits Grey Mint 7.5M NEW A277953NEW SKECHERS SPEEDSTERS-DART TAUPE LEATHER/SYNTHETIC ATHLETIC SHOES SZ 7.5/21067 , K Swiss Court Pro Vulc Uni Classic Casual Retro Lifestyle Trainers WhiteSKECHERS Air-Cooled Memory Foam Women's Black Shoes US 6Womens Golf shoe ASICS "Hyper-Rocketgirl 5" Athletic white size 8.5 - NIB,RV$100 , VTG BK British Knights Quilted Athletic Sneakers Shoes Womens 7.5 M Red SneakersWomen Shoes Pumps Hidden Heel Platform Wedge Slip On Hollow Casual Plus Size HotMerrell Siren Sport Shoes Vibram Hiking Trail Athletic Grey Purple Women Sz 5.5Puma Sky II Hi White Leather High Top Sneakers Womens Size 6.5Women's Military Fashion Sneakers Breathable Flat Trainer Travel Walking ShoesSkechers Womens 15600 Go Walk Joy Low Top Slip On Walking, Charcoal, Size 12.0 QPuma Rebel Mid - Grey - Womens ,
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 SIGERSON MORRISON ANKLE BOOTS GOLD CHAIN BLACK LEATHER SZ 38.5 / 8.5 M , Tony Little Cheeks Ankle Boot Size 7.5, Suede Fur Wedge Heel Buckle , BOTTINES CUIR DE DAIM NOIR T 39 NEW LANDER SAC FWomen's shoes heel studs black with buckles eco-leather loafers oxford , ZODIAC Womens Cowboy Boots Soft Red Leather Western Riding High Fashion Size 6M , ARIAT HERITAGE Leather Cowboy Boots Womens Size 6.5 B , Bottes " Santiag " FUN STREET Cuir Marron T 41 TBE , Acme Women Black Leather Slouch Western Boots Size 9 DI35 Fedee Harness Strap Wide Calf Riding Boots 112, Black, 7.5 US DisplaySuede Drawstring-Tie Pointy Toe Stiletto BootsWalking Cradles Keaton Casual Walking Black Women's Shoes Size 6 W NEWWomen's Cole Haan Wingtip Zerogrand OS Citrus Red Nubuck/White SIZE 11 , Kaslo Technology U. S. Patent Pending Heritage 3 Deer Earth Shoes , Johnston & Murphy 78-11964 Bree Chelsea Slip-On Shoes - Women's Size 9M, Purple , NIB $645 ALEXANDER MCQUEEN RED SUEDE SKULL BALLET FLATS SHOES WOMENS 39 9 , LUXURY PRADA SAFFIANO LOGO LOAFER SHOES 1F889D YELLOW NEW US 7 , Aquatalia Plaid Maroon/Black/Grey/Purp Woven Plaid Fashion Sneaker Women 7.5 ANB , Hush Puppies Pent Womens Clog- Choose SZ/Color. , 02-2679 Women's Saucony Guide ISO Running Sneaker, Women's, Size 8.5 , Womens AUSTRALIA LUXE COLLECTIVE black suede loafers sz. 7 NEW! , Soludos Women's Elephant Smoking Slipper Flat - Choose SZ/ColorDIESEL BLACK GOLD 'ANDRASTEA' RUNWAY STUDDED GLADIATOR SANDALS BOOTS US 10 , Anyi Lu 'Dora' Stone Metallic Ballet Flat US-6M EUR-36M MSRP $395 , Nike Wmns Air Max Huarache Run 634835013 , Skechers 12822 Relaxed Fit D'Lux Empire Women Taupe shoeJambu Women's JBU Blossom Vegan Walking Shoe Blush Faux Suede Walking ShoesNew Women's Skechers 22602 Gratis - Shake It Off Slip Ons - Gray Size 7 (J11)New Women's Skechers 22827 EZ Flex 2 Slip Ons - Black Size 8 (J10) , Fashion Gold Womens Sneakers Athletic Tennis Shiny Shoes Rhinestone Wedge Shoes , Walking Cradles Women's Adobe Tobacco Leather Comfort Shoes
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Kelsi Dagger Brooklyn Size Women's Royce Sneaker, Platinum, Platinum, Sneaker, Size 9.0 e4fd25d Athletic Shoes
Powered by VIP.