The Buzz
All markets and investing news all the time

Women's Run Women's adidas Women's Shoes Swift Run W Athletic Shoes af82e34

Item specifics

New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Product Dimensions: 5 x 5 x 0.7 inches
Color: White/White/White Shipping Weight: 12 ounces
US Shoe Size (Women's): 7 B(M) US Item model number: Swift Run W
Brand: __unknown__ Domestic Shipping: This item is not eligible for international shipping. Learn More
MPN: Swift Run W International Shipping: This item is not eligible for international shipping. Learn More

Women's Run Women's adidas Women's Shoes Swift Run W Athletic Shoes af82e34 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Run Women's adidas Women's Shoes Swift Run W Athletic Shoes af82e34
Women's Run Women's adidas Women's Shoes Swift Run W Athletic Shoes af82e34 -

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%.

Women's Run Women's adidas Women's Shoes Swift Run W Athletic Shoes af82e34

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Run Women's adidas Women's Shoes Swift Run W Athletic Shoes af82e34 -
About This Author
Women's Run Women's adidas Women's Shoes Swift Run W Athletic Shoes af82e34 -
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
Women's Pleaser Women's Kiss 3010 Black/Black Athletic Shoes , Women's Pleaser Women's Kiss 3010 White/White Athletic ShoesWomen's NIKE WOMEN AXSIS AA2168-002 SNEAKERS Athletic ShoesWomen's Ellie Women's Ruth-418 Black PU Athletic Shoes , Women's Report Women's Madanac Dress Sandal Athletic ShoesWomen's Adidas UltraBOOST W s80682 Athletic Shoes , Women's Rare Brooks Running Shoes Athletic Shoes , Women's Altra Women's Superior 3.5 Sneaker Athletic ShoesWomen's ADIDAS WOMENS FALCON WHITE/WHITE B28128 Athletic Shoes , Women's BALLET-1025 Athletic ShoesWomen's Women's Suicoke Sandal Navy OG-052V-GGA-V Athletic ShoesWomen's Kamik SnoValley2 Boot - Women's Athletic Shoes , Women's Nike Rosherun Flyknit Women's Shoes Athletic ShoesWomen's NIKE WOMEN CORTEZ 902856-013 LEATHER Athletic Shoes , Women's Clarks Women's Wave.Run Athletic Shoes , Women's Kamik Sienna2 Boot - Women's Athletic ShoesWomen's Brooks Womens Revel Athletic ShoesWomen's UNAVAILABLE Athletic Shoes , Women's Vibram Women's V Trail Runner Athletic ShoesWomen's Vibram Women's KSO EVO-W Athletic ShoesWomen's ASICS Tiger Unisex Gel-PTG MT Athletic ShoesWomen's Baskets MAJE Athletic Shoes , Women's Red Wing Women's Shoes sz8.5W Athletic ShoesWomen's VINTAGE REEBOK PYRO sz.7 DEADSTOCK Athletic ShoesWomen's Red Wing Women's Shoes sz8.5M Athletic ShoesWomen's Kaepa Women's TouchUp Cheer Shoe Athletic ShoesWomen's Sperry Women's Pier View Sneaker Athletic ShoesWomen's Puma x Fenty Creeper Sneakers Athletic Shoes , Women's Hey Dude Women's Wendy Loafers Athletic 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 Western Chief Woman Ditsy Dots Rain Boots Size 6 Rubber Multicolor Winter PuddleNEW Ladies BOots by YYY, Size by measurement,Black,3" Heels,NEW , Circle G By Corral Women 8.5 Brown Distressed Leather Snip toe Western Boot niceLauren Conrad Tan Ankle Boots Women’s 10 , Naot Women's Dark Brown Leather Boots Pull On Casual Shoes US 8 , Wild Diva Leopard Suede Peep toe Heels Platform Bootie Women's Shoes US sz.5BEARPAW Authentic Suede/Sheepskin Women’s Brown Boots Size 6 , WOMENS BEARPAW EMMA SHEARLING MID-CALF BOOTS CHARCOAL SIZE 10 BRAND NEW IN BOX! , RARE! NWT ZARA $159 AW16 BLACK HIGH HEEL LEATHER BIKER ANKLE BOOTS 1103/101 , Barbara Bowman Boots Size 37 US Black Italy Suede Winter Women's LeatherNew Nine West Over the Knee Black Leather Side Zipper (JOETTEO) SIZE 5New Sam Edelman "Millard" Ankle Boot Womens Sz 8 Green Moss/Brown Wrap BohoWomen Shoes "Sneakers" BUTTERFLY . Slip-on . Printed Canvas . USA 5 . SUPERB , LANVIN Black Leather Ballet Flat Shoes 39.5/ 8- 8.5 M , Jessica Simpson Womens Klaya Ankle Bootie- Pick SZ/Color.Attilio Giusti Leombruni Daisy Black Suede Ballet Flats Size 37 NIB AGL Slipper , CLARKS Women's Hayla Marina Mule - Choose SZ/ColorEspadrille model 101963 Zoki - Matter - ShoesGUESS Loriana Pointed Toe Sleek Loafers, Pewter, 9.5 US , The FLEXX Women's Seriously Pump, Black Suede, 6 Medium USJ Crew Womens Sloan d'Orsay flats in tie-dye canvas Size 7 BNWOB , Delman 'Brook' Snakeprint Cap Toe Flats 1295 Size 6 M , Womens Horsebit Real Leather Loafer Casual Slip on Oxford Flat Heels Shoes 2018CHARLOTTE OLYMPIA MARINA WASHED DENIM SIZE 37 MSRP $495$1275 Christian Louboutin Gondola Strass Low Top Sneaker Flats 37.5Loeffler Randall 41 10B Rose Gold Italian D'Orsay metallic flats womens shoesNEW Retail $130 SUPERGA for MADEWELL 2095 LEATHER HIGH-TOP SNEAKERS GREY Sz 7.5NEW WOMENS COZIE STEPS SHORT BOOTS TAN CHEETAH CHESTNUT AUSTRAILIAN SHEEPSKIN 10 , Bohomia Womens Tassels Suede Winter Thick Knee High Boots Kinght Shoes Casual Sz , Spring Step Professionals Belo Slip-On Shoes - Women's Size 9.5 Blue
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Women's Run Women's adidas Women's Shoes Swift Run W Athletic Shoes af82e34 Athletic Shoes
Powered by VIP.