The Buzz
All markets and investing news all the time

AUTHENTIC PRADA SPORT SUEDE SNEAKERS NAVY SNEAKERS 7.5 7.5 GRADE B NAVY USED -AT 5ad7be0




Item specifics

Condition:
Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Brand: Prada
UPC: Does not apply

AUTHENTIC PRADA SPORT SUEDE SNEAKERS NAVY SNEAKERS 7.5 7.5 GRADE B NAVY USED -AT 5ad7be0 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
AUTHENTIC PRADA SPORT SUEDE SNEAKERS NAVY SNEAKERS 7.5 7.5 GRADE B NAVY USED -AT 5ad7be0
AUTHENTIC PRADA SPORT SUEDE SNEAKERS NAVY SNEAKERS 7.5 7.5 GRADE B NAVY USED -AT 5ad7be0 - 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%.

AUTHENTIC PRADA SPORT SUEDE SNEAKERS NAVY SNEAKERS 7.5 7.5 GRADE B NAVY USED -AT 5ad7be0

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
AUTHENTIC PRADA SPORT SUEDE SNEAKERS NAVY SNEAKERS 7.5 7.5 GRADE B NAVY USED -AT 5ad7be0 - hollisbaker.com
About This Author
AUTHENTIC PRADA SPORT SUEDE SNEAKERS NAVY SNEAKERS 7.5 7.5 GRADE B NAVY USED -AT 5ad7be0 - 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
 
new RRP $476 AVEC MODERATION PRINT SCARF ANKLE WRAP LEATHER SANDALS SHOES 39Luca Grossi 6060 Comfort Bronze Leather Wedge Pumps Shoes 36.5 / US 6.5Diane Von Furstenberg Slip On Patent Leather Flats Green Women Sz 9 M 1165 , Stuart Weitzman Women's Brown Slipin Flats 1237 Size 7MNIB TORY BURCH CHERRY BROWN SNAKE PRINT LEATHER GOLD REVA YORK BALLET FLATS 7 , Gianni Renzi 0006h Black Leather Loafer Fold-Down Heel / Flats 36 / US 6AD93 MOMA shoes white leather women moccasinsREED KRAKOFF Mushroom Snakeskin/Lizard Fashion Oxfords - 39.5/US9.5 - Mint w/BoxIsabel Marant Etoile Cana Printed Canvas-twill Espadrilles SZ 39 =US 8.5 -9 -NIB , Gianni Renzi 0006i Red Leather Loafer Fold-Down Heel / Flats 36 / US 6 , Super glamorous Belgian Shoes Black Velvet Smoking Slippers Loafer ShoesMally 6265a Green Stamped Leather Pointy Toe Ballet Flats Moccasins 36 / US 6Punchmoc Ale Stuart Weitzman Loafer FlatImagine Vince Camuto Women's Garyn Ballet Flat, Inkwell Blue, Size 6.0 , Mephisto Women's Laser Dark Brown Leather Comfort FlatAquatalia White/Brown Seude Women Sneakers Size 6 5052 , NIB J Crew Lucie Tartan Plaid Pumps w/ Star Embellishment Sz 7.5 Red SOLD OUT!Aquatalia Women's Perla Metallic Ballet Flat, Black, Size 6.5 , Lanvin Ballet Flats Burgundy Leather Shoes 37 Francewomen's shoes MBT 7 / 7,5 () flats black leather dynamic BT134-38Sperry Top Sider 6.5m Female ShoesAquazzura New With Tags Belgravia Flat Espadrille Cognac , Womens Moncler 'Josette' Calfskin Leather Espadrilles - Black - 5US / 35 (Z13) , Donna Piu 53101 Antique Beige Gold Leather Suede Zip Ankle Booties 39 / US 9GIUSEPPE ZANITTI DESIGN Gold Leather Silver Cap Toe Studs Ballet Flats 38.5 8MManolo Blahnik Women's Ballet Flats 7 1/2M//2 Brown Suede Solid NWOB , $225+ Tory Burch GABBY Sz 8 Elastic Trim Ballet Flat Shoes Black Patent Cap , women's shoes MOMA 6 () loafers blue suede BT156-36 , MOT-CLe 932 Gold / Rose Gold Leather Elastic Wedge Fashion Sneakers 39 / US 9 ,
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 7.5M BOOTS CASUAL CORNER TAN SUEDE ANKLE BOOTS ZIPPER 2.5 HEEL , Nature Breeze Women's Brown Waterproof Duck Boots Size 5.5 , Lamo Juniper Suede Leather Zipper Detail Boots w/Faux Fur Womens 6 M Chestnut +Quest Women's Snow Boots With Thinsulate. Size 7. Preowned.Chooka Womens flex fit elastic Rubber Closed Toe Knee, Black/ flowers, Size 5.0New Navid O Nadia Brown Suede Knee High Stretch Shoes Boots Size-10.5 (EUR-41) , Pajar Aline Brick Winter Hiking Boot SizeVivienne Westwood Melissa Alglomania Moondust Pirate Rain Boot Booties Size 9Ariat Womens Caldwell Hiking Shoe- Pick SZ/Color.Sperry Womens DASHER LILLE Leather Almond Toe Ankle Fashion Black Size 5.0 iNJ , Clarks Bendables Ingalls Vicky Leather Medium Width Shaft Boots PICK SIZE NEWMUK LUKS 9 Oatmeal A La Mode Tall Knit Sweater Boots Shearling Lined Pink Brown , BANANA REPUBLIC Warm Brown Suede Knee High Boots Womens US Sz 11Born Cymbal Women's Dark Brown Suede Sneaker Sz 8.5M 1683 , Birkenstock Shoes Womens Black Leather Slip On Side Buckle Clogs GERMANY , Soludos Suede Embroidered Stone Boots, size 5.5 M , TED BAKER Patent Leather Black and white flats size 8.5 $300 , Nice & Comfy Kuru Vienna Slip On Ballet FlatsNew J.CREW Collection Kiki Leopard Calf Hair Ballet Flats 6 $268Alexandre Birman White Python Pointed Toe Loafers SZ 38 SALE , Lanvin Nude Taupe Patent Nude Ballet Flats EU Size 39.5/ US Size 8.5 Classic , Womens PUMA Sneakers New Retail $59.99New Womens Real Leather Backless Loafer Slipper Mule Slide Princetown Shoes , CLEMENCE GOLD LMSP70 Women's Shoes Size 7.5 M Leather Zip Up MephistoNEW COLE HAAN WOMENS WOMEN'S GRANDPRØ RUNNING SNEAKER - METALLIC SOFT GOLD , Sneakers baskets style TRIPLE S 37 achetés sur ioffer excellent étatNIKE ZOOM STRUCTURE 18 WOMEN'S SZ 6 NEW 683737 603 RUNNING AIR QS WMNS FLYKNIT , Skechers Women's Go Walk Joy Enchant SneakerPuma Faas 100R 186750 04 Pink Polka Dot Running Sneakers Women's U.S. 7Women's penelope chilvers boots Boots ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
AUTHENTIC PRADA SPORT SUEDE SNEAKERS NAVY SNEAKERS 7.5 7.5 GRADE B NAVY USED -AT 5ad7be0 Flats
6750167
7721437
9215510
9251625
9421095
13373095
13470487
14596354
15563299
Powered by WordPress.com VIP.