The Buzz
All markets and investing news all the time

Air Women’s Max Women’s and Air Black and Pink 288937e




Item specifics

Condition:
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
Style: Running Shoes Product Line: Nike Air Max
Color: Black US Shoe Size (Women's): 7

Air Women’s Max Women’s and Air Black and Pink 288937e - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Air Women’s Max Women’s and Air Black and Pink 288937e
Air Women’s Max Women’s and Air Black and Pink 288937e - 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%.

Air Women’s Max Women’s and Air Black and Pink 288937e

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Air Women’s Max Women’s and Air Black and Pink 288937e - hollisbaker.com
About This Author
Air Women’s Max Women’s and Air Black and Pink 288937e - 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
 
Reebok Women's Vintage 1992 Comfort Glide Supreme Shoes 11-21158 white sz. 6.5Skechers Equalizer Vivid Dream Slip On Walking Womens Shoe Navy/White Size 6.5 , Skechers Sport Women's Women's Microburst On The Edge Sneakers [Black / White] , Skechers Equalizer Vivid Dream Slip On Walking Womens Shoe Navy/White Size 6Fashion Women Casual Round Toe Flat Heel Comfy Creeper Party Comfy Fur Shoes New , NEW Womens Nike Tiempo Rio FG Soccer Cleats Size 6 Medium Dark Gray Yellow White , Gourmet Quadici Lite Sneakers - Womens Size 8 US , Brooks Launch 4 Womens Size 8 B Running Shoes White Blue Lime M4Nike Zoom Rival S 7 Women's Track Sprint Shoes Style 615998-307 MSRP $65Easy Street Womens Laurel Leather Low Top Slip On Fashion SneakersWomen’s Nike Artimesia – Smoke Color – 511312-200 – Size 6.5Polo Pink Shoes 11D Canvas with Leather Trim Ralph Excellent Green LogoAdidas Womens Glide Boost Running Shoes Size 10 Techfit Black OrangeTaryn Rose Women's Cara Knit SneakerTEVA Women's WANDER Purple Canvas Chukka Fashion Sneaker US 9.5 1007767 , Keds Sneakers Pink and Bluish-Gray Design Size 8.5 , Vintage OG Reebok Classic “The Athlete’s Shoe” White/Pink Women’s Shoes Size 5.5 , WMN'S PUMA FIERCE CORE 188977 11 PUMA WHITE-PUMA BLACK BRAND NEW DEADSTOCKSkechers Performance Women's Go Run 600 Arise Trainer Burgundy Size 8New Balance Womens Walking Shoes Size 5.5 (C,D,W) (4132)Pearl Izumi SyncroFuel Rd Shoes - Womens Size 8 - New in Box - 5197-223ECCO Casual Bungee Athletic Comfort Minimal Sneakers Women's EURO 36 (US 5.5)Natural Soul by NATURALIZER FINLE Womens Shoes Black NEW Very Comfortable14929 Gray Skechers shoes Go Walk 4 Women Soft Casual Slip On Walking Loafer New , Taryn Rose Womens Daisy Knit Fabric Low Top Slip On Fashion SneakersRare Puma Etoile athletic Cat Velcro trainer White Pink Sports Shoes women's 7.5 , Merrell Payette Hiking Trail Ankle Boot Women's 7.5 Waterproof Olive Green Shoe , BROOKS Adiction 9 Women's Running Shoes Sz 10 M (B)Merrell Sneakers Womens Size 9.5 Gray White Summer New Shoe ,
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 CAPELLI NEW YORK Women US 10 Black White Polka-Dot Rubber Ankle Booties Slip OnSkechers Black Leather Wedge Heel Ankle Boots Women's Size 7Women's Camel Riding Boots Brown Motorcycle Shoes Winter Snow Ladies size 8.5 , Women's Cute Buckle Zip Almond Toe Stiletto Ankle Booties Shoes Size 5 - 10 NEW , NATURALIZER TABBIE BLACK SIZE8 M BOOTIES , Silver Glitter Open Toe 6"Stiletto High Heel 2"Platform Ankle Sexy Boot Size 7Plomo Georgina Pink Suede ankle sandal Pointed Gold New 36 6 MSAKS FIFTH AVE Bianca Brown Leather Zip Over Knee Wedge Heel Boots Size 6 MNautica Womens Bosun 2 Fabric Closed Toe Ankle Fashion Boots, Black, Size 9.5 , NWOB Miista Black Shoes Size 37 EU, 7-6.5 US, Made in SpainWomen Riding Knee High Boots Motorcycle Retro Suede Leather Chunky Heels ShoesHUNTER Shoes 060956 Black 4Fashion Womens Rhinestones Strap Flats Mules Thongs Leather Detachable Shoes$865 NEW Manolo Blahnik PELOSUS PELOSUSFE Flat Slides Feather Shoes 36 37 38 39 , NEW! Women's $450 Stubbs and Wootton Linen "POLKA DOT" Slippers Loafers ShoesChloe Tan Leather Scallop Rivet Ballet Flats Size 38.5 , New Balance Womens Wt410cb5 Black Running Shoes Size 8 (366578)Nike Free 4.0 Flyknit Running Shoes Size 10 Womens Blue Green White Sneakers , Salomon Ellipse 2 CS WP Women's Hiking Shoes Size 7 , Ted Baker Flats With Bow Size 7Ladies Rieker 46324 Casual Flat ShoesNike Air Max Thea Jacquard Running Women's Shoes Size 11New Balance Womens WA514GL Running, Cross Training Shoes 8 Wide (C,D,W) 9169 , Women's Alegria Womens Twisp Comfort Shoes , Women's Sarah Flint Black Crawford Boots Flats , Rampage Bambino Boots - Women's Size 6.5M, BlackNautilus Women's Grey and Nylon Microfiber Athletic Work Shoes - Composite Grey , Work Wonders by Dansko Camellia Women's White Slip-On White Shoes Sz 40 9.5-10Corkys Elite Rock Multicolor Clog Leather Sandals Size 9 US 39 EURNEW REEBOK WOMENS CROSSFIT NANO 6.0 COVERT
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Air Women’s Max Women’s and Air Black and Pink 288937e Athletic Shoes
792472
1022419
1453189
1716306
2253663
4958334
9255886
11909736
14006298
Powered by WordPress.com VIP.