The Buzz
All markets and investing news all the time

Reebok Safety Work Women's Anomar RB454 RB454 Athletic Safety Women's Shoe 2c94438




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
Brand: REEBOK
Features: CSA Certified Sport series athletic safety shoeESD - Static diss Style: Athletic

Reebok Safety Work Women's Anomar RB454 RB454 Athletic Safety Women's Shoe 2c94438 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Reebok Safety Work Women's Anomar RB454 RB454 Athletic Safety Women's Shoe 2c94438
Reebok Safety Work Women's Anomar RB454 RB454 Athletic Safety Women's Shoe 2c94438 - 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%.

Reebok Safety Work Women's Anomar RB454 RB454 Athletic Safety Women's Shoe 2c94438

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Reebok Safety Work Women's Anomar RB454 RB454 Athletic Safety Women's Shoe 2c94438 - hollisbaker.com
About This Author
Reebok Safety Work Women's Anomar RB454 RB454 Athletic Safety Women's Shoe 2c94438 - 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
 
Clarks Women's Sillian Sway Bootie Black Synthetic Nubuck Comfort Shoes , Naturalizer Women's Eden 3 Studded Mule Black Embroidered MicrofiberDr. Scholl's Original Collection Women's Eden Mule Black Leather MulesSaucony Originals Women's Jazz Original Sneaker Grey/Navy Sneakers , Rockport Women's Cobb Hill Maisy 2 Band Slide White Leather SlidesSoftWalk Women's Ireland Cognac Soft Nappa Leather Mary Janes , Carlos by Carlos Santana Womens Talley Thong Sandal Crimson Red Suede Slingbacks , Dyeables Women's Paisley Pewter Sparkle SlingbacksTrotters Women's Janna Dark Red Soft Kid Leather Classic Shoes , Heal USA Women's Willow Loafer Silver Loafers , Natural Soul Women's Viva Loafer Black Smooth Polyurethane Slip-on ShoesTrotters Women's Janna White Pearl Soft Kid Leather Classic ShoesLife Stride Women's Mallory Slide Pink Polyurethane Slides , Naturalizer Women's Thea 3 Slip-On Papaya Multi Fabric Comfort ShoesLife Stride Women's Sable Pump Black Gleam Classic Shoes , Life Stride Women's Viva Loafer Mid Brown Polyurethane Comfort Shoes , OluKai Women's Pehuea Pa'I Slip On Lava Rock/Off White Textile Slip-on ShoesTrotters Women's Janna Black Soft Kid Leather Classic Shoes , Skechers Women's D Lite Amasa Work Boot , Sarto by Franco Sarto Women's Jolette Penny Loafer Black Leather Slip-on ShoesLife Stride Women's Sable Pump Navy Officer Smooth Classic Shoes , Sarto by Franco Sarto Women's Jolette Penny Loafer Black Leather LoafersNatural Soul Women's Taraugh Thigh High Boot Black Fabric Comfort ShoesDyeables Women's Fiesta Black Party Shoes , Life Stride Women's Juliana Black Synthetic Comfort ShoesSkechers Womens Work Relaxed Fit Eldred Dewey SR White Slip-Resistant (Non-Skid) , Burnetie Women's Swag Top Leather Black Sneakers , Bernie Mev Women's Bella Me Flat Plasma Slip-Resistant (Non-Skid)Merrell Women's Zoe Sojourn E-Mesh Mary Jane Aquifer Mesh Mary Janes
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 Cabela's Tan Shearling Boots Pink Sole & Trim Classic Style Pull On's Size 7 FUN , Lucky Brand Knit Ankle Boots Faux Fur Lined Moccasin Women's Size 9BEGO Women's Rivea Cut Out Heel Open Toe Thigh High Boots Tan HM7 Size US 5STYLISH!! " BCBG GENERATION" WOMEN BLACK LEATHER KNEE HIGH RIDING BOOTS 8.5M , Ladies Spot On Black Patent Mid Calf Boots F5677 , LADIES WOMENS KNEE HIGH BOOTS FLAT/LOW HEEL TASSEL FRINGE FESTIVAL SHOES SIZEBrinley Co Women's Hilton-xwc Slouch Boot , Anne Klein 9.5 Brown Suede Leather Ankle Boots Billing Excellent Career Casual , Fergalicious Womens Lexy Fabric Almond Toe Knee High Fashion Boots , Blowfish San Fran Black Slay Bell Metallic Womens Ankle Boot Size 8.5MWomens Codify Ankle Boots Size 9 Brown Leather Bow Zip Up Heels Stilettos Shoes , Kamik Womens 10 Black Snow Boots Insulated Greenbay 4 Made in Canada , Bottines MURATTI Cuir Marron T 37,5 TRES BON ETATMADDEN GIRL - TEEN - "SLEET" - COGNAC - SIZE 7.0 (BOX ID 254) , La Canadienne Domenic Knee High Boot Black Leather Women's US Size 10.5 Canada , CHINESE LAUNDRY Kristin Cavallari Starlight white ankle booties sz 8.5 leather , Finn Comfort ~ Black Orb Croc Slip On Slippers Mules ~ 39NEW DANA DAVIS Beige Suede Moccasins size 8 (7,5US)AGL Attilio Giusti Leombruni Size 38.5 Platinum Teal Patent Leather Ballet Flats , AUTHENTIC BERLUTI LEATHER OXFORD BUSINESS SHOES BROWN GRADE B USED -AT , Sweet Womens Flats Slip On Loafers Ballet Color Stitching Shoes Casual LeatherClarks Women's Candra Gleam Ballet Flatnwob Naot black heels dress shoes 38 eu 7 us , Cole Haan Womens Ailsasam Closed Toe Boat Shoes Black/Zebra Size 6.0 , Nike Mens Size: 7.5 M Zoom Speed TR 3 Color: University Red / White Black NWB , Skechers Sport Women's Microburst-Pure Cleanse Sneaker , Women Platform Wedge Ankle Boots High Heel Fashion Sneaker Creepers Punk CasualLands End Fall Winter Boots 7 Mens 9 Womens Light Brown Suede leather Wedge Heel , Naturalizer Women's Jamison Boot Banana Bread Safari Crust Leather Comfort Shoes , *NEW* Asics Gel Cumulus 19 Womens Running Shoes (D) (4890) ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Reebok Safety Work Women's Anomar RB454 RB454 Athletic Safety Women's Shoe 2c94438 Comfort Shoes
835456
4523012
8144974
10039741
13182931
16385748
16455293
18057093
18616772
Powered by WordPress.com VIP.