The Buzz
All markets and investing news all the time

adidas Womens 3/4 Running Response 3/4 - tight - Response Choose SZ/Color 22d0fd7

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: adidas
Style: Clothing Manufacturer: adidas
Size Type: Regular MPN: 689581519950
US Shoe Size (Women's): Multiple Variations Model: 689581519950

adidas Womens 3/4 Running Response 3/4 - tight - Response Choose SZ/Color 22d0fd7 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
adidas Womens 3/4 Running Response 3/4 - tight - Response Choose SZ/Color 22d0fd7
adidas Womens 3/4 Running Response 3/4 - tight - Response Choose SZ/Color 22d0fd7 -

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%.

adidas Womens 3/4 Running Response 3/4 - tight - Response Choose SZ/Color 22d0fd7

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
adidas Womens 3/4 Running Response 3/4 - tight - Response Choose SZ/Color 22d0fd7 -
About This Author
adidas Womens 3/4 Running Response 3/4 - tight - Response Choose SZ/Color 22d0fd7 -
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
Volatile Kicks Womens Boxer Fashion Sneaker Black Size 7.5 B USNaturalizer Womens Charlie Sneaker Shoe Black Leather Suede Size 7.5 M US , Mizuno Women's 9 Spike Swift 4 Fast Pitch Metal Softball Cleat Black White 12 M , Foot Petals Womens Brooke Fashion Jogger Sneaker Shoe Black Size 8.5 M USSpring Step Womens Mitzy Fashion Sneaker Taupe Suede Size 40 M US , New Reebok Womens Reebok Osr Distance 3.0 Gray Running Shoes Size 9OTBT Womens Sellwood Slip-On Shoe Woven Sneaker Electric Blue Size 7.5 MSaucony Womens Black Grid Virtue 15041-1 Running Shoes US 12Spring Step Womens Mitzy Fashion Sneaker Black Suede Size 40 M US , New Balance 510 Women’s Size 8.5 Trail Running Shoes WT510BB Grey/Teal EUCSam Edelman Womens Marlow Pink Fashion Shoes Size 6.5 (425535) , Report Women's Abe Fashion Sneaker, Black Satin, 8.5 M USCreative Recreation Womens Savona High Top Sneaker Black Leather Size 7 M US , Teva Shoes Womens 10 Sky Lake Grey Athletic Hiking Shoes 4183Women's Brooks Ravenna 3 running shoes sneakers US 8.5 Eur 40 w/Sporthill hat , Kendall + Kylie Womens Rae Sneaker Blush Pink Fabric Size 9.5 M US , Spring Step Womens Mitzy Fashion Sneaker Black Suede Size 37 M USFoot Petals Womens Andi Classic Trainer Shoe Black Size 8.5 M USNew Foot Petals Womens Wso023l Brown Tennis Shoes Size 9 , Propet Womens Stability X Strap Sneaker Shoe All Black Size 9 2A Narrow US , Saucony Originals Womens DXN Trainer CL Black Nubuck Fashion Sneaker Size 5 M US , Propet Womens Stability Walker Strap Walking Shoe Black Leather Size 5 D USSam Edelman Womens Levine Slip On Fashion Sneaker Grey Satin Size 8.5 M US , SPRING COURT Women's G2 Bright Green / White Canvas Sneakers Shoes US 6 / 37Skechers Womens 176-CCL OG 1978 Mashups Gray Sneaker 11 B (M) USMontrail Womens Badwater Hybrid Trail Running Shoe Bluestreak Shark Size 6 M US , Foot Petals Womens Andi Classic Trainer Shoe Grey Leather Size 11 M USNew Reebok Womens Cloudride Gray Running Shoes Size 8.5361? Womens Bio Speed Purple Walking, Hiking, Trail Shoes Size 8 (269463)
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 7856102 LSPBTS50 Women's Shoes Size 7 M Tan Leather Pull On Johnston & Murphy , Steven by Steve Madden Ranaldow Knee High Boot Black Leather Women's Size 9.5 W , Report Footwear Elora Faux Suede Ankle Boots, Women's Size 8.5, Brown NEW , Alfani Jarabina Knee-High Riding Boots, Black, 7.5 US DisplayLouise et Cie Womens Black Leather Gold Tassel Knee High Boots Size 38 8Wolverine Arc Boot - Women's Size 7M BlackAlegria Leather Multi-Strap Slide Sandals - Victoriah Ivory Sheen 39 (9)Kitten Heel Back Zip Pumps Punk Boots Sexy New Leather Pointy Toe Ankle Boots szLucky Brand Zavrina Multi Strap Ankle Boots F19, Incense, 6 US Display , Chooka Top Solid Mid Rain Boot - Women's Size 9 Black , Durango Lady Cowboy Western Cowgirl Boots RD4100 Black Leather $130 Women's 7 M , Bottes Fourrées GEOX Daim Marron T 39 TRES BON ETAT , JUSTIN Brown Leather Pointed Toe Cowboy Boots Womens Size 8.5 B Style L2684 USAEl naturalista Size 40 Black Women’s BootStyle & Co. FRIDAA Women's Boots Black Size 7.5 MNature Breeze Olympia-10 New Women Gold Plating Knee High Round Toe Riding BootTEVA PICANTE ARROWOOD LUX MID WP LEATHER SNEAKER BOOTS, US 7/ ~NEW , Stuart Weitzman Black Patent/Fabric Belgian Loafers Sz 6 EUC , Stuart Weitzman Loafers Sz 6 Black Patent Leather Crocodile Chain Moccasin Flats , Dansko Women's Misty Mary Jane Flat, Black, Size 8.0 bv5tSchutz 162200080124 Womens Point Toe Flat- Choose SZ/Color.FINN COMFORT 7 US (4 1/2 UK), 'DIJON' womens leather, TAN P-W-152017 Winter Women Fashion Thick Heels Hidden Heels Faux Leather Elastic Shoes , SKECHERS Shape-Ups Toning Black Walking Shoes, Women's Size 10Women Sneakers Wedge Heel Ankle Boots Athletic Shoes Stylish College Black US7.5 , Vince Camuto Womens Poppy2 Metallic Fashion Sneakers 9 Medium (B,M) BHFO 5558 , COLE HAAN Shoes 498316 Brown 7 , NIB NEW NIKE FREE TRANSFORM FLYKNIT BLUE GLOW SHOES WOMENS SIZES 7.5 8 8.5 , adidas Originals Tubular Shadow W Black White Women Running Shoes Sneaker BY2121 , Phantom Canvas Jazz Shoes - Tan ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
adidas Womens 3/4 Running Response 3/4 - tight - Response Choose SZ/Color 22d0fd7 Athletic Shoes
Powered by VIP.