The Buzz
All markets and investing news all the time

☼ELEN☼ Bottines entièrement secrets fourrées - Les secrets de Vanessa Vanessa 0302 - Ref: 0302 e3fc741




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
Marque: Les secrets de Vanessa
Type de chaussures: Bottes/Bottines Couleur: Noir irisé
Code EAN: 3696538300650 Matière: Simili cuir de qualité

☼ELEN☼ Bottines entièrement secrets fourrées - Les secrets de Vanessa Vanessa 0302 - Ref: 0302 e3fc741 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
☼ELEN☼ Bottines entièrement secrets fourrées - Les secrets de Vanessa Vanessa 0302 - Ref: 0302 e3fc741
☼ELEN☼ Bottines entièrement secrets fourrées - Les secrets de Vanessa Vanessa 0302 - Ref: 0302 e3fc741 - 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%.

☼ELEN☼ Bottines entièrement secrets fourrées - Les secrets de Vanessa Vanessa 0302 - Ref: 0302 e3fc741

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
☼ELEN☼ Bottines entièrement secrets fourrées - Les secrets de Vanessa Vanessa 0302 - Ref: 0302 e3fc741 - hollisbaker.com
About This Author
☼ELEN☼ Bottines entièrement secrets fourrées - Les secrets de Vanessa Vanessa 0302 - Ref: 0302 e3fc741 - 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
 
Cole Haan Tall Black Leather Riding Boots Patent Leather Trim & Block Heel 8B , Donald J Pliner Sport-I-Que Tan Suede Fringe Fur Wedge Knee High Boots SZ 9 S250 , LUICHINY SKINNI MIN OVER THE KNEE BOOTS BROWN LEATHER RIDING BOOTS WOMEN'S 7M , Womens Coldpack Ice+ 8" Zip Polar Waterproof Winter Snow Boots Size 7Franco Sarto Desert Tan Suede Buckle Detail Eminent Ankle Boot 9.5 NEW , Women Casual Fashion Sneakers Wedge Heel High Top Shoes Black White 5405_IgLAUREN By RALPH LAUREN Rossalyn II Red Rain Boots Size 9 B , Brian Atwood Women's Djuna Black/Walnut Bootie 8.5M/39EUGiani Bernini Women's Baari Ankle Booties Size 8 Cacao Leather , Tony Lama Ladies Lipstick Pink Canvas Shoe RR3039L , INGA Classic Style Riding Boots Made In Italy Size 7.5/8? , SAM EDELMAN Booties Suede Fringe Ankle Boots WOMENS SZ 10 M Taupe A40JOULES WELLY PRINT WOMEN'S TALL RAIN BOOTS GREY KIKI SPOT US 5 , WOMENS DINGO SLOUCH BURGUNDY ALLIGATOR PRINT LEATHER COWBOY WESTERN BOOTS 6.5 MBX756 J. K. ACID shoes black leather women ankle boots , NEW Nine West GENEVIEVE Black Leather Ankle Boot Sleek Hi Block Heel Back Zip 6MNEW STEVEN BY STEVE MADDEN BROWN LEATHER FAUX SHEARLING PANTHEA BOOTS SZ 38 , Dr Martens leather boots size 6 uk , Steve Madden Womens Hangur Fashion Heeled Wraparound Boot Shoes, Brown, US 9WOMENS PANHANDLE SLIM CREAM OSTRICH SKIN ROPER COWBOY WESTERN BOOTS SZ 6 B 6B , BX754 J. K. ACID shoes black leather women ankle boots , BCBG Maxazria Central Croc-Quilted Riding Brown Boots Sz 9 MSRP $450 see notes$199 BCBG BCBGMAXAZRIA Women Aubrey High Heel Zip Boot Shoe, Brown Suede, US 9.5 , Vince Camuto Short Engineer Boot Women size 6 , $199 BCBG BCBGMAXAZRIA Womens Aubrey Suede Ankle Boot Shoe, Brown Suede, US 10 , NEW DV by Dolce Vita Zaria Black Stella Ankle Boots (Size 6) - MSRP $120.00! , Lucky Brand Women's Grayer Boots Size 8.5 Brown New Suede Fringe , Spring Step ZIPPY L'Artiste Womens Boot Leather Black 7MCape Robbin Benny-1 Women PVC Peep Toe Circular Lucite Heel Bootie
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 New Women's Tribal Hidden Wedge Ankle Boots Pendants & Chains Black Size 6, 8.5 , Cowboy/Cowgirl Boots Size 8 Reddish Color with a Fleece Lining , OLIVIE-1-05 WOMEN V-CUT BOOTIE MISBEHAVE BLACK , New Kenneth Cole Reaction Womens Kite Fly Blue Suede Ankle Boots Size 8.5 $129 , **Xhiliration Brown Chocolate High heels ankle boots size 8.5 NWOB SALENew York Transit Womens awesome Closed Toe Mid-Calf, Brown/multi, Size 9.5 iOt2 , TONY MORA 746 Wome's Black Riding Boots Size 36 fit size US 5.5 NEW , NEW Extreme by Eddie Marc Women's Brown Quilted Knee Boots US Sz 5 M ShoesVictoria's Secret Brown/Black 2 Tone Leather Monogram Riding Boots 10BSbicca Women's Chenoa Riding Boot, Tan, Size 8.0 , 2017 Retro Womens Square Toe Pull On Flats New Fall Faux Suede Ankle Boots Shoes , 68% OFF NEW Womens STEVE MADDEN Denay Perforated Suede Open Toe Boots BlackRocky 4EurSole Womens 9 9.5 40 M Nursing Clog Shoes Gray Patent Leather 3 In 1 , Cole Haan Women's Bria Grand Sneaker VPR Grey/Patent Leather D44037 , Stuart Weitzman Size 6 B M Snakeskin Mules Block Heel Comfy Slide Loafers ShoesNew Donald J Pliner Love loafers shoes 9.5 N black fabric Elastic & leather , Trotters Women's Accent Ballet Flat, Black Linen, 6.5 M US , Inov8 Terra Claw 250 Running Shoes Blue Synthetic Women 11 Medium (B, M)Women's Used MERRELL Moc Slip-On Suede Leather Brown Shoes - Size 7.5Clarks Step Allenabay On Shoes Womens Casual Shoes , PRADA Logo Scrunch Driver Mocassins Snakeskin Shoes sz 38/8 USNike Zoom Fly SP Women Running Shoes White Orange Size 8 AJ8229-108Puma Basket Platform Velvet Women's Sneakers Sports Trainers Red Casual ShoesNew Women's Skechers 11963 Syngery Look Book Sneakers - White/Silver (G5)Skechers Performance Womens on-the-Go City 3-14772 Wide Walking Shoe , U.S. Polo Assn. Women's Debi-K Oxford - Choose SZ/Color , Women's Designer BURBERRY Ladies Sandals Flats , Women's Tory Burch Lindsay Suede Boots Boots , Women's Sam Edelman Booties size 12 Boots , Womens Platform Wedge Round Toe Over Knee High Boot Shoes Strapy Suede Sbox
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
☼ELEN☼ Bottines entièrement secrets fourrées - Les secrets de Vanessa Vanessa 0302 - Ref: 0302 e3fc741 Boots
787161
1144688
2458292
4416258
5516157
6571686
9485814
10609394
15329403
Powered by WordPress.com VIP.