The Buzz
All markets and investing news all the time

Women's Chromatic Oxford Oxford Athletic Comp Toe, M Maui Maui Blue, 6 M US 026a376

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: Caterpillar
US Shoe Size (Women's): 6 M US MPN: CHROMATIC CT-W
Color: Maui Blue Width: Medium
Size: 6 M US Style: Industrial & Construction
Model: P90691 UPC: Does not apply
EAN: 0044214738021

Women's Chromatic Oxford Oxford Athletic Comp Toe, M Maui Maui Blue, 6 M US 026a376 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Chromatic Oxford Oxford Athletic Comp Toe, M Maui Maui Blue, 6 M US 026a376
Women's Chromatic Oxford Oxford Athletic Comp Toe, M Maui Maui Blue, 6 M US 026a376 -

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%.

Women's Chromatic Oxford Oxford Athletic Comp Toe, M Maui Maui Blue, 6 M US 026a376

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Chromatic Oxford Oxford Athletic Comp Toe, M Maui Maui Blue, 6 M US 026a376 -
About This Author
Women's Chromatic Oxford Oxford Athletic Comp Toe, M Maui Maui Blue, 6 M US 026a376 -
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
Earth Origins Women's Lorena Loafer Black Leather LoafersNautilus Women's and Athletic Work Shoes - Steel Toe - N2151 , REEBOK Ketia RB446 Women's Tennis Shoes Sneakers Work Athletic Safety Size 10.5MMinnetonka Women's Mona Slide Grey Denim Weave SlidesDansko Size 40 US Brown Leather Professional Non-Slip ClogsRialto Women's Cleo Wedge T Strap Linen Smooth Polyurethane T StrapsMinnetonka Women's Paris Slide Sandal White Leather Slides , Converse All Star Unisex CT OX White Gold Polka Dot Canvas Sneakers Size 11W 9MLamo Women's Leah Tassel Moccasin Chestnut MoccasinsMerrell Encore Breeze 3 Womens Slip On Clogs Black Mesh US 9 *Fantastic!!*Apex Oxfords Foot Petals Tan Leather Floral Women Comfort Shoe Sz US 9.5MRED WING Women's Athletic Style Oxford Work Shoes Sz 7 D Wide Black safety*NEW!* Disney Minnie Mouse Slip On Sneakers Polka Dot Sparkle Bow Sz 7 SOLD OUT!DANSKO Mary Jane Clogs Open Back Brown Leather Women’s 39 , Naturalizer Women's Amabella Slide Red Leather SlidesBandolino Women's Hamper T Strap Sandal Black Synthetic Buckle Fastening , ALLEGRA Womens Animal Print LEATHER Uniform Clog Work Shoes Size 38 , SAS Free Time Tripad Comfort Shoes White Leather Sz US 6.5WW EXTRA WIDEDansko Professional Clogs 41 Stacie Women Black Oiled Nubuck Leather 11 10.5Naturalizer Women's Amabella Slide Silver Leather SlidesNaturalizer Women's Amabella Slide Black Leather SlidesEasy Street Women's Giddy II Ballet Flat Bone Polyurethane Comfort Shoes , AnyWear Women's Zone White Comfort Shoes , Easy Street Women's Dionne Slide Pewter Metallic Polyurethane Slides , Ann Creek Women's Chesham Shoe Fuchsia Slip-on ShoesEasy Works Women's Lyndee Clog Blue Pop Patent ClogsLucky Brand Women's Bapsee Mule Misty Rose Textile Mules , Easy Works Women's Lyndee Clog Black Synthetic Clogs , Easy Spirit Women's Solstice Penny Loafer Black Leather Loafers ,
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 J. Crew Black suede leather square toe knee high boots size 8 made in Italy , Ladies Real Leather Knee High Black or Brown Block Heel Womens Zip Boots Cowboy , Talbots Black Genuine Leather Brazilian Heeled Ankle Bootie- Size 9.5NMG35 Raquel Gladiator Ankle Booties 499, Black, 7.5 US , Ladies Black Leather JAG Cowboy Boots AUS Size 6 Made In Italy EmbroideredXAPPEAL Womens Carney Shin High Slouch Boot Shoes, Black, US 8 , Marco Tozzi 2-22452-31 Women Red Pumps , Rocket Dog Flight Cozy Knit Black Boots Women's Size 9 1/2Naughty Monkey Cross My Heart Women's Strappy Buckle Boots Booties , Dawgs Women's 9" Frost Boots (1023) Frost Black Size 10 , Umberto Raffini Black Leather Suede Alouchy Round Toe Mid Calf Heel Boots 40/9Adrienne Vittadini Womens TAKI Cap Toe Ankle Fashion Boots Black Size 8.5 iYnEClarks Womens Patty Nell Mule- Pick SZ/Color. , *NEW* w/box $328 Cole Haan 'Nightengale' Black Suede Leather Mid Calf boot 10B , Tory Burch Black Leather Silver Reva Ballet Flats Shoes Size 6 M AuthenticJSport by Jambu Sideline Encore Sport Flats, Tan/CoralFranco Sarto Women's Shari Ballet Flat Black 8 M US , Calvin Klein Womens Salsha Shoe- Pick SZ/Color.Salvatore Ferragamo Maida Floral Grosgrain Slide Mule, Stampa White (38 or 38,5) , Valentino Rockstud Mary Jane Slipper Ballet Flats Size Medium Leather NIBAdidas Womens Cf Racer Tr White Running Shoes Size 8 (424385)Adidas Sparkle Black Gold Women's High Top Sneakers shoes Sz 8.5 EUC! , adidas Women's Pureboost X Element Running Shoe - Choose SZ/Color , FitFlop Women's Sporty-Pop X High-Top Sneaker Black Lizard Print Suede High Tops , Puma Womens Fierce evoKNIT Green Fashion Sneakers Shoes 7 Medium (B,M) BHFO 5066Women's BUCCO JAIYACE Boots , Amazing womens ankle boots pointed toe flats snakeskin PU leather Metal color K9 , Crocs Triple Comfort Neria Pro Clogs WOMEN 8 US 38.5 EU Black Slip Resistant , DANSKO Womens Professional Clogs SZ 39 Wine ColorAltra Womens Torin 3 Shoes AFW1737F-1 Blue/Coral Size 9 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Women's Chromatic Oxford Oxford Athletic Comp Toe, M Maui Maui Blue, 6 M US 026a376 Comfort Shoes
Powered by VIP.