The Buzz
All markets and investing news all the time

NIB NIKE Women's Shoes FREE 4.0 6.5 Flyknit Sz NIB 6.5 Running Workout Shoes (Sold Out!) 772c06c




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
Width: Medium (B, M)
Brand: Nike Product Line: Flyknit
Style: Running, Cross Training US Shoe Size (Women's): 6.5
Heel Height: Low (3/4 in. to 1 1/2 in.) Color: Multi-Color
Pattern: Nike Free 4.0 Flyknit Fastening: Lace Up
Material: TEXTILE

NIB NIKE Women's Shoes FREE 4.0 6.5 Flyknit Sz NIB 6.5 Running Workout Shoes (Sold Out!) 772c06c - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
NIB NIKE Women's Shoes FREE 4.0 6.5 Flyknit Sz NIB 6.5 Running Workout Shoes (Sold Out!) 772c06c
NIB NIKE Women's Shoes FREE 4.0 6.5 Flyknit Sz NIB 6.5 Running Workout Shoes (Sold Out!) 772c06c - 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%.

NIB NIKE Women's Shoes FREE 4.0 6.5 Flyknit Sz NIB 6.5 Running Workout Shoes (Sold Out!) 772c06c

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
NIB NIKE Women's Shoes FREE 4.0 6.5 Flyknit Sz NIB 6.5 Running Workout Shoes (Sold Out!) 772c06c - hollisbaker.com
About This Author
NIB NIKE Women's Shoes FREE 4.0 6.5 Flyknit Sz NIB 6.5 Running Workout Shoes (Sold Out!) 772c06c - 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
 
Adidas Originals arkyn Women's Sneakers Boost Shoes Sport Shoes Trainers , Adidas Originals Superstar W [CG5464] Women Casual Shoes White/NavyNike Air Huarache Run Print - White - WomensAsics Gel-451 BOA Flash Coral Blue Women Running Shoes Sneakers T874N-0601 , Wmns Nike Air Huarache Run Ultra Womens Running Shoes Lifestyle Sneakers Pick 1 , Adidas by Stella McCartney Ultra Boost Parley White Women's Running Shoes DB1958Nike Wmns SF Air Force 1 Mid women lifestyle kicks NEW elemental gold AA3966-700Nike Wmns Air Max TN Plus Dark Stucco Vintage Green Sail Women's 605112-053Nike Women Air Max 90 QS Christmas Sz 6.5 White Red Gold Green XMAS Candy Cane , WOMENS ADIDAS ORIGINALS NMD R1 STLT SZ 6 LINEN CRYSTAL BEIGE TAN WHITE CQ2030 , Nike Womens Air Rift PRM QS Running Trainers 848502 600 Sneakers Shoes , Wmns Nike Zoom All Out Low 2 Womens Running Shoes Air Max Sneakers Pick 1Nike Pegasus 32 Print Running Women's Shoes Size , Adidas Pure Boost X Trainer 2.0 Running Shoes White-Black Athletic Gym BB3285Asics Gel-Kenun / MX Womens Running Shoes Lifestyle Sneakers Pick 1 , Nike Wmns Air Jordan 1 Retro Low NS I AJ1 Royal Tint Phantom Women AO1935-400WMNS NIKE AIR MAX 90 ULTRA SE LIGHT BONE-LIGHT BONE-WHITE SZ 7 [859523-001] , Nike Wmns Air Huarache City Low PRM Just Do It JDI Black White Women AO3140-001 , Nike Womens Metcan 4 Cross Trainers Training Sz 8.5 Gunsmoke/Grey 924593-002 , Womens Camper Shoes Portol Black Leather Sneakers NEW31 Nike Zoom All Out Flyknit Womens Running Shoes Wolf Grey Black 845361 003 6 , Womens Nike Air Max Zero QS 863700-002 Metallic Silver Running Shoes Size Sz 8.5 , Nike Air Max Thea Joli Casual Women's Shoes SizeNike Air Max Zero Si Womens Running Trainers 881173 001 Sneakers ShoesNike Wmns Zoom Fly SP AJ8229-106 White Sail Crimson New Women's Shoes Size 6.5NEW BALANCE RUN DISNEY WOMEN'S MINNIE MOUSE SIZE 5 NEW/BOX W990DIS3Brooks Adrenaline 17 Running Women's Shoes Size 6.5Summit White Mountain Women's Malory Slip On Sneaker Black Suede Leather Size , Asics Gel Cumulus 20 Shoe Womens 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 Lucky Brand Brenon Brown Leather Ankle Boots 7.5MRoxy Alamo Ankle Boots Size 10 Side Zip Boho Style TanCougar Womens Kensington Black EVA Rain Boots Shoes 11 Medium (B,M) BHFO 0949 , BareTraps Elister Womens SZ 8.5 Black Button Winter Fur Leather Suede BootsWomens Vtg Yodelers Faux Fur And Leather Eskimo Boots Sz 10 , BOGS Boots Rebound Amanda Ankle Women’s Size 11 Black Rain Pull OnSONOMA UPPER COW SUEDE WOMEN SHOES -BLACK ANKLE HEEL 10/M , Rockport Black Womens Boots SZ 6M Leather Upper, Strech, block heel , Women's Sam Edelman poe Black Leather Riding Boots Size 8M Gently Worn , Muk Luks Women's Size 10 Chocolate Andrea 4-in-1 Boot & Reversible Boot SweaterTecnica Vintage Goat Fur Winter Ankle Zip Front Fleece Lined Boots 40 GUC , Blondo- Gigi Sneaker, Women's Size 11 M, BlackJoan & David Black Upper Alligator Print Western Boots Womens US 7 / ItalySam Edelman Women's Felicia Ballet Flat Copper Penny Crinkle Metallic Leather , PAUL GREEN WOMEN'S BLAST WALKING SLIP-ON SHOE, SIZE 6.5M () MADE IN AUSTRIAJimmy Choo Walsh Preforated Leather Ballet Flats Neon Yellow , Salvatore Ferragamo Flower Heel Leather Ballet Flat , FINNCOMFORT VIVERO SHOES EBONY BLACK LEATHER WOMEN'S LADY MARY JANES BALLERINA , Womens Tennis Shoes Ladies Casual Athletic Trainer Sports Sneakers Size US5-US13Clarks Cheyn Clay On Shoes Leather Womens Casual Shoes Low Heel , J Crew Lucie Mirror Metallic Slingback Flats 7 Metallic Silver , ASICS Womens Gel Vanisher Running ShoesNEW Wmn's SZ 10.5 NEW BALANCE 627 Steel Toe Work Shoes Suede WID627GP , Brooks Levitate Black/Silver Running Shoes Women's US 10.5 (A3,14)MBT Women's Walking Shoes Size 7.5 / Eu 37.5 Leather Mary Jane Rocker BlueWomens Pull On Round Toe High Top Casual Beads Flats Woolen Yarn Sport ShoesNew Balance 928v2 Women's Walking Shoes Gray Size 10.5 2E (US)Bongo Juniors' Myrina Tall Boot Brown Wide Width Avail Size US 8.5MRoma Women Emma Tall Waterproof Rain Boot Rubber Red Size 10 MFashion Womens Roman Mid calf boots Pull on Chunky heel Platform warm shoes Sz
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
NIB NIKE Women's Shoes FREE 4.0 6.5 Flyknit Sz NIB 6.5 Running Workout Shoes (Sold Out!) 772c06c Athletic Shoes
884335
1220559
1338495
1379107
4838383
5458047
8180295
9724160
17548268
Powered by WordPress.com VIP.