The Buzz
All markets and investing news all the time

New Dansko Dansko pamela blue suede sandals. Sz40. 18867 RT$120. RT$120. e7f77fa




Item specifics

Condition:
New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Style: sandals
Width: m US Shoe Size (Women's): 9.5 to 10
Brand: Dansko UPC: 888922733264

New Dansko Dansko pamela blue suede sandals. Sz40. 18867 RT$120. RT$120. e7f77fa - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
New Dansko Dansko pamela blue suede sandals. Sz40. 18867 RT$120. RT$120. e7f77fa
New Dansko Dansko pamela blue suede sandals. Sz40. 18867 RT$120. RT$120. e7f77fa - 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%.

New Dansko Dansko pamela blue suede sandals. Sz40. 18867 RT$120. RT$120. e7f77fa

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
New Dansko Dansko pamela blue suede sandals. Sz40. 18867 RT$120. RT$120. e7f77fa - hollisbaker.com
About This Author
New Dansko Dansko pamela blue suede sandals. Sz40. 18867 RT$120. RT$120. e7f77fa - 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
 
Earth Shoes Bijou Burgundy size 10 shoes Brand newZCD Montreal W Size 7-37 New leather sneaker shoe Senna wide strap pink nude , Gently Used Tory Burch Minnie Travel Flats coral 10 M , New L’amour Cornelie style in black smooth leather slip on size 7.5USArcopedico New Women's Francesca Oxford Black 37 , J Crew Quorra Ballet Flats 8 Modern Red , Vince Blair 12 Red Womens Shoes Size 9 M Flats MSRP $195$198 MARC BY MARC JACOBS BLACK SUEDE SLIP ON SNEAKER SZ 39EU/ 9 USFrench Sole FS/NY Jigsaw Ballet Flats, Pewter Metallic, 5 US , New Waldlaufer multi eyelet walking shoe in Black nubuk size 7.5US , Brand New Kenneth Cole Reaction Black Leather Flats Size 9 NineMen’s John Fluevog Angels Olive Green Derby Swirl Oxfords Shoes Size 7 , REBECCA MINKOFF Size 8.5 EDIE Black Patent Tassel Loafers Pumps ShoesSalamander Balbao/Ramses 42 L 11 M 9 Oiled Leather BrownSalamander Dublins/Gizeh 40 L 9 Metallic Leather Antrazit Soft FootbedPRETTY BALLERINAS GRAY LEATHER SUEDE BALLET FLATS SIZE 40 NEVER WORN WITH BOXbebe MILLIE BALLET W/TOE CAP FLATS SIZE 8 , GENTLE SOULS Hanna Rose Gold Metallic Leather Sneaker Shoes $189 Retail Size 9 M , Via Spiga Amica Slip-On Loafers, Anthracite, 8.5 US / 38.5 EU Display , Stuart Weitzman Exflat Peep Toe Ballet Flats, Adobe, 7.5 US Display , Joie Faux Fur Lined Mules 9.5 , Mui Mui Walking Shoes 36 Loafers Tan 6 Comfort Rubber Soles Leather Italy WomensFrench Connection Lottie Women's FLATS Roccia/Earth , Spring Step Women's Idir Slip On Loafer Clog Black Size 38 / 7.5-8Tory Burch Metallic Silver Flats Size 37Shellys London jack platgorm oxford sneakers size 8.5 , Salvatore Ferragamo suede casual black wedges, Size 7 AA (fits 6), New w/ Defect , BRUNO MAGLI GREY EMBROIDERED SLIP ON MULES, SHOES FLATS MADE IN ITALY SIZE 6.5AA , Prada Women's Flat Shoes Black Fabric Gabardine Calzature Donna w/ Box 40.5
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 Sporto Ellie Berry Burgundy Suede Quilted Waterproof Snow Midcalf Boots SALEUnze London Womens Zipper Riding Boot size 6 Faux Leather Knee-High Bootie BrownWomen-s over the knee thigh high boots , LAUREN Ralph Lauren Lorelei Black Leather Dress Ankle Boots Women's 6.5B NEW NIBNEW CUSHION COMFORT BRONNY WOMENS LEATHER ANKLE BOOTS , SC35 Mighty Knee-High Boots, Indigo, 7 USNaya Virtue Slouch Womens Ankle Boots Size 9.5M , Hush Puppies Women's Ankle Boots in Grey , Womens Durango 7" Wine Zipper Boots RD3425 Sz 7 , Lanvin Black Patent Leather Ballet FlatsECCO NWOT Womens Flats Size 41 / 10-10.5 Black Horsebit Leather Rubber SolesBirkenstock Women Clog Shoes Size 6 Black Style 240 Made Germany. , Brand New Sperry Barrelfish Taupe STS96691 , Mephisto Cool Air Womens Size 6 Brown Wedge Slip-On Moc Toe Loafers Boat Shoes , NIB Tory Burch Blossom Leather Espadrille Flats Shoes WHITE 9 M , Josef Seibel Women's Catalonia 60 Brown Multi 40 M EUYSL Yves Saint Laurent Paris 10 Zipper Ballerina Flats Shoes 39.5 9.5Nike Women Sz 7.5 Free Bionic Running Trainer Shoe Sneaker Atomic Red Org 599269 , Womens Wedge Bowknot Platform Sweet Shoes Pull On High Heels Sneakers Boots New , Vince Camuto Womens Poppy2 Metallic Fashion Sneakers 10 Medium (B,M) BHFO 5364Dansko Shoes Womens Professional Stapled Clog 37 Cheetah 806910202Remonte Sandal Ankle-Strap Sandal Red Leather Footbed Real Leather NEW , Merrell Women's All Out Blaze 2 Hiking Shoe - Choose SZ/ColorNEW BALANCE 990 W990 Gray Pink Blue Reflective Running Shoes Womens Made USA , Diadora SPEED BLUSHIELD CLAY - Blue - Womens , Womens Slip On Mules Sneakers Plimsolls Casual Gym Trainers Pumps Sports Shoes , SPRING COURT Women's B2 Pink / White Mid Cut Canvas Sneakers Shoes US 8 / 39 NEWNWB "Puma" Suede Platform Gold Women's Sneakers women - size 6Women's Foamtreads Women's Nurse Athletic Shoes , A MARINELLI Archer Black Tooled Leather Zip High Heel Mid Calf Boots Size 9.5 M ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
New Dansko Dansko pamela blue suede sandals. Sz40. 18867 RT$120. RT$120. e7f77fa Flats
245648
584644
1555623
2438975
4444464
9471658
12081033
16479216
18962912
Powered by WordPress.com VIP.