The Buzz
All markets and investing news all the time

Summer Colorful Mesh Slip On Mesh Shoes Sneaker Men Women Summer Smart Breathable Casual Sneaker 5493e28




Item specifics

Condition:
New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Brand: FOR U DESIGNS
Heel Height: Flat (0 to 1/2 in.) US Shoe Size (Women's): 5-11
Color: Multi-Color Style: Running, Cross Training
Heel Type: Flat with Width: Medium (B, M)
Fastening: Slip On Material: Mesh
Country/Region of Manufacture: China

Summer Colorful Mesh Slip On Mesh Shoes Sneaker Men Women Summer Smart Breathable Casual Sneaker 5493e28 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Summer Colorful Mesh Slip On Mesh Shoes Sneaker Men Women Summer Smart Breathable Casual Sneaker 5493e28
Summer Colorful Mesh Slip On Mesh Shoes Sneaker Men Women Summer Smart Breathable Casual Sneaker 5493e28 - 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%.

Summer Colorful Mesh Slip On Mesh Shoes Sneaker Men Women Summer Smart Breathable Casual Sneaker 5493e28

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Summer Colorful Mesh Slip On Mesh Shoes Sneaker Men Women Summer Smart Breathable Casual Sneaker 5493e28 - hollisbaker.com
About This Author
Summer Colorful Mesh Slip On Mesh Shoes Sneaker Men Women Summer Smart Breathable Casual Sneaker 5493e28 - 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
 
Zhou8 Womens Wedge Heels Canvas High Top Platform Sneakers Sandal Open Toe ShoesNIKE Air Max Motion LW Women's Sz 7 Green Jade Athletic Running Shoes F2-110Womens Flats Pumps Round Toe Shoes Casual Sports Sneakers Driving Loafers A3848NEW! Skechers Women's GO STEP Walking Shoes Black J zHoka One One Bondi 4 Women's Running Shoes - Blue - Sz 9.5 , Converse All Star Teal Canvas Black Studded High Casual Fashion Sport Women 7 , PUMA Ladies' Cell Riaze Athletic Shoes , Women's Sneakers Sport Breathable Casual Running Outdoors Shoes Athletic ShoesMontrail XCR With Gortex Athletic Trail Running Shoes Womens Size 8Womens Athletic Sports Shoes Outdoors Fashion Breathable Casual Running SneakersNike Rival S Racing Spirit Cleats Women's Size 9.5 Yellow & White Light weight , New w/ Box! Women's PUMA 189213-01 Carson Runner Knit Running Shoes - Blk/Wht Z3VANS Off The Wall Women's Size 7 Shoes Pasley , Hot ! Fashion Women's Winter Platform High Heels Female Botas Ankle Boots zy9Material Girl Everet Womens Fashion Printed High Top Shoes | NEW | US SIze 7.5 M , NEW BALANCE Walking Shoes Sneakers Marche Zip Up WW565GP - Women's Size 6.5 B , Marc Ecko Calypso-Bellevue Retro High-top Sneaker Sz. 6.5 , WOMEN&GIRL RUNNING CITY TRAINERS WALKING SNEAKERS SHOCK ABSORBING SPORTS SHOESWomen Sneakers Wedge Heel Ankle Boots Athletic Shoes Stylish New College Sports& , Chic New Womens Platform Creeper Wedge Hidden heel Sport Sneakers shoes Korean f , Brooks Addiction Walker Women's Athletic Shoes BEIGE Leather 6.5 Narrow FR/SHP , FootJoy Classics Womens Blue/White Leather Golf Shoes sz 6 Made in USA ExcellentWomen's Athletic Sports Shoes Outdoor Fashion Breathable Casual Running Sneakers , Nike Revolution 3 Glacier Blue Size 9.5 Running Shoes 819303 403 , **New Balance Women's W490V3 Running Shoe, Women's Size 9 B, Black/PurpleConverse All Star Women's Sz 7 Low Top Shoes Brown Pink Casual Athletic SneakersAsics Hyper Rocket girl 5 shoes sneakers sz eu-35 us-5Sneakers Womens Platform Low Heels Creepers Tassel Shiny Loafers Shoes Slip ons , Curves for Women 7.5 Purple Gray Silver Sneakers Yoga Active Fitness Running ,
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 Spot On Ladies F4367 Black Knee High Stretch Boots UK4 X 8 (R6A)Elegant Green/Black Button Stiletto Heel Platform Ankle Boot Size 4/5/6/7/8/9/10Storm by Cougar Aspen Faux Fur Rubber Boots Women's Size 6 M , Outwoods Women’s Autum Duck Boots, Navy/ Tan Size 10$380 Paul Green Ankle Bootie Boots Brown Women's Size 8.5 UK/ 11 US , BCBGirls Brown Suade Knee High Boots . Brand New with a tag .Size-US 8½M , Nine West Sassyfran Boots - Tan - 6.5Brown 2" Low Block Heel Combat Hidden Pocket Sexy Knee Boot Size 7.5Tommy Hilfiger Babette Women US 11M Quilted Black Rain Boot ShoesTEVA FOXY WP BROWN LEATHER ANKLE BOOTS, WOMENS US 7 nibSalomon Kaina Mid CS Women's Deep Blue Waterproof Winter Boots 6MNEW Hidden Heel Green Gray Suede Gianni Bini Boots Riyna 7.5M , Steve Madden Sienah Slouch Knee-High Boots 436, Black Suede, 5.5 US , Aerosoles Mr Softee Women's Tiger Tan print Shoes flats Size 6 MSTUART WEITZMAN Black Suede Buckle Strap Kitten Heel Ankle Booties Size 6 M , Franco Sarto Women's Fabrina Flat, Camel Leopard, 6 M USNew Frye Dylan Slip On Loafer Leather Ash Taupe Gray Women’s Size 5.5TORY BURCH gray snake embossed patent logo toe ballet flats size 8 WORN ONCE , Schutz 3125000605HW Womens Slip-On Sneaker- Choose SZ/Color.Newbark Los Angeles X Theory LIZA Faux Fur Mule Slide Flat Shoe 7.5 BLK NIB 295$895 NEW Oscar de la Renta Mules Flats Metallic Leather Jeweled Shoes 40.5 , Tod's XXW0IV05660ATSG211 ballerina shoes Women's Yellow USara Women's Hermione Fashion Sneaker, Grey, 6 M USSamuel Hubbard Women 7M "Hubbard Free" W1100058 Leather Breathable Eu 37 Navy , BURBERRY flat shoes with elastic, leather trim with the belt detail in the front , NWT Aetrex Mozaic Orthopaedic Shoes Beige Size 10 Hook And Loop Strapadidas Women's Adipure Tour Golf Shoe - Choose SZ/Color , ASICS Womens - MidGrey/White/DivaPink Running Shoes Size 8.5 (352104) , Women's Tod's Perforated Leather Sneaker FlatsAdidas Women's Originals Superstar Shoes - Choose SZ/Color ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Summer Colorful Mesh Slip On Mesh Shoes Sneaker Men Women Summer Smart Breathable Casual Sneaker 5493e28 Athletic Shoes
1012389
2535024
3783185
8866128
9678575
10005159
12300160
13952481
18218863
Powered by WordPress.com VIP.