The Buzz
All markets and investing news all the time

Nike Metcon 2 Women Sz 7.5 7.5 White Fraser Silver Fraser Metcon Mat 2e1ccc7

Item specifics

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: Nike
US Shoe Size (Women's): US 7.5 Accents: Metallic
Color: White

Nike Metcon 2 Women Sz 7.5 7.5 White Fraser Silver Fraser Metcon Mat 2e1ccc7 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Nike Metcon 2 Women Sz 7.5 7.5 White Fraser Silver Fraser Metcon Mat 2e1ccc7
Nike Metcon 2 Women Sz 7.5 7.5 White Fraser Silver Fraser Metcon Mat 2e1ccc7 -

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%.

Nike Metcon 2 Women Sz 7.5 7.5 White Fraser Silver Fraser Metcon Mat 2e1ccc7

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Nike Metcon 2 Women Sz 7.5 7.5 White Fraser Silver Fraser Metcon Mat 2e1ccc7 -
About This Author
Nike Metcon 2 Women Sz 7.5 7.5 White Fraser Silver Fraser Metcon Mat 2e1ccc7 -
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
French Sole FS/NY Women's Passport Ballet Flat, Navy, 8 M USAquatalia Women's Paola Dress Suede Ballet FlatNEW FRYE WOMENS ERICA GORE SLIPAsh Women's AS-Edgy Loafer Flat - Choose SZ/ColorNEW TAMARA MELLON WOMENS GRACE - CAPRETTO , Aquatalia by Marvin K. Women's Teodora Calf Loafer , Badgley Mischka Women's Malena Ballet Flat - Choose SZ/Color , Stuart Weitzman Women's Tassel Loafer Flat - Choose SZ/Color , NAOT Women's Ostro Slip-On Loafer - Choose SZ/Color , ara Women's Peggy Ballet Flat - Choose SZ/ColorDonald J Pliner Women's Cape Loafer , Women's Flats Shoes Ballerina Ballet Loafers Suede Slip On Lazy Peas Casual New , Alexander Smith - Sneakers - Female - Black - 4206027A181544Alexander Smith - Shoes-Sneakers low - Woman - Green - 4204827H184533 , Stuart Weitzman Horsebit Mocnroll Brown Suede Loafers - Size 6 M UW46421Paul Smith Black Heart front with copper sides Ladies flat Shoes Size UK4 EU37New Furla Artesia Open Toe High Heel Sandals Authentic MSRP $945 Italy US7.5 , $995 Manolo Blahnik Turquoise Satin Hangisi Brooch Toe Jewel Flats 39 8.5AQUATALIA Womens 'Piston' Black Suede Sz 6 Wedge Loafers NEW! 211592 , NEW GIUSEPPE ZANOTTI $650 champagne crystal t-strap ballet flats size 38Tod's Double T Gommino Patent Driving Shoe , NIB $540 STELLA McCARTNEY Scarpa Tess Womens Tatami Smoking Shoes 40 EmbellishedTod's Gommino Enamel Suede Driver, 34.5Prada Espadrilles Flats Yellow Leather Size 9.5 NIBTHELMA THE PENNY LOAFER - SADDLE SPECTATOR , NEW LANVIN pewter leather ballet flats shoes Italian size 38.5Oscar De La Renta Winx Woven Ombré MuleAUTHENTIC Jill Sander Grey Loafers with 2-Inch Heels Size 36.5 , NEW 7 / 37 Jimmy Choo Buckled Iridescent Shiny Studded Oxford Shoes
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 Rinaldi Brown Suede and Leather Mid Calf High Heel Boots Size 38.5 EUR ItalyBOTTES FOXY FOOT WEAR TAILLE 36 BOOTS/BOTAS/STIVALI NEUF , NWT BONGO WOMEN BOOTS BLACK SIZE 7Wood High Heels Women Ankle Elastic Round Toe Footwear Flock Winter Black BootsCape Robbin Silver Athena Booties Nwob Size 8 , Bandolino TUVO Womens Ankle Boots SZ 8.5 M Black 1/2" Heel Zipper Sale DesignerTOD'S Italy Women's 8 B Black/ Beige Leather Slip-on Classic Driving Shoes , PRADA Black Sateen Bow Trimmed In Silver & Gold Slipper Flats Sz 37.5/US 7.5Diba True Best Buds Suede Tassle Shoes, Dust/Cognac, Size 10.0 , VINCE CAMUTO Lonovan Women's Casual Flats Loafers Studded Suede Teal Blue 9MWomens VERA WANG dark plum patent leather ballet flats sz. 5 M () , Loeffler Randall Penelope Black Leather Ankle-Wrap Point Toe Flats Size 7.5 , Womens Vagabond Becky Summer Leather Holiday Fashion Strappy Sandals US 5.5-10 , SAS Tripad Comfort Casual Shoes Slip On Loafers Womens Size 8 S Brown LeatherMANOLO BLAHNIK GIUNGLA BLACK QUILTED LEATHER BALLET FLATS SHOES 35.5/5 NEW $741NEW WHITE WOMENS WOMEN'S POINT HOBE WHITE , NEW COLE HAAN WOMENS WOMEN'S 2.ZERØGRAND OXFORD WITH STITCHLITE™ - MARINE ...MBT Purple / Silver Sport Athletic Sneaker Walking Shoes Womens / US 9 , Tory Burch Reva Perforated Metallic Logo Ballet Flats Gold (Gold Logo)NIKE Women's Free 5.0 Print Noble Purple/Summit White/Pink Running Shoe 5.5 W... , NEW BALANCE FRESH FOAM CRUZ V2 RAIN CLOUD WHITE WCRUZRG2 B WOMENS US SIZESConverse Breakpoint Ox Sunset Glow/Porpoise-White 555918C Women's SZ 6 , On Cloud Womens Cloudster Red Running Shoes Size 7 (390762)Grasshoppers Women's Elite Zip Suede Fashion Sneaker,Steel Gray,9.5 M USPROPET, WOMENS W3905 TOUR WALKER II STRAP, WHITE, 8.5 US, EURO 38.5, , Women's Franco Sarto Western Ankle Boot BootsAriat Fatbaby Brown Leather/Suede Cowboy Western Boots Sz 9 B , DVS Women's Savannah Studded Black Canvas Boot US 7 NOB NWD , Trotters Women's Blast III Boot Black Box Synthetic/Rubber Comfort ShoesNike Women's Air Jordan 1 Retro Low NS Bordeaux / Bordeaux / Phantom AO1935-600 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Nike Metcon 2 Women Sz 7.5 7.5 White Fraser Silver Fraser Metcon Mat 2e1ccc7 Athletic Shoes
Powered by VIP.