The Buzz
All markets and investing news all the time

Womens 719916-010 Nike Air Black Max Sequent 26980 Running Shoe 719916-010 Black Gray Violet Size 11.5 499e382




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
Country/Region of Manufacture: Indonesia
Width: Medium (B, M) Style: Running, Cross Training, Jogging, Walking, Trainer
Color: Black / Charcoal Gray / Violet Heel Height: Flat (0 to 1/2 in.)
Brand: Nike US Shoe Size (Women's): 11.5
UPC: Does not apply

Womens 719916-010 Nike Air Black Max Sequent 26980 Running Shoe 719916-010 Black Gray Violet Size 11.5 499e382 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Womens 719916-010 Nike Air Black Max Sequent 26980 Running Shoe 719916-010 Black Gray Violet Size 11.5 499e382
Womens 719916-010 Nike Air Black Max Sequent 26980 Running Shoe 719916-010 Black Gray Violet Size 11.5 499e382 - 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%.

Womens 719916-010 Nike Air Black Max Sequent 26980 Running Shoe 719916-010 Black Gray Violet Size 11.5 499e382

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Womens 719916-010 Nike Air Black Max Sequent 26980 Running Shoe 719916-010 Black Gray Violet Size 11.5 499e382 - hollisbaker.com
About This Author
Womens 719916-010 Nike Air Black Max Sequent 26980 Running Shoe 719916-010 Black Gray Violet Size 11.5 499e382 - 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
 
Georgia Boot Women's GR3 RomeoBrooks Women's Adrenaline GTS 17 Running Shoes Silver/Purple/Blue MM1 Size 6B , NEW BALANCE WOMENS SIZE 7 ZEBRA SHOES WL420DFZ NEW IN BOX , Women Sequins Creeper Wedge Genuine Leather Breath Sport Athletic Sneaker Shoes , NIKE WOMENS SF AF1 AIR FORCE 1 MID SZ 8.5 BLACK GUM BROWN FIELD BOOT AA3966 002New Olukai 20336 FXFX Waipahe Fox / Fox Women's Slip On Shoes 8 USWomen's Trainers Puma Basket Platform Metallic Sneakers Classic White Shoes , NIKE AIR MAX 555766-048 (GS) YOUTH SIZE:4~5 WMN'S 5.5~6.5 , Nike Duel Racer Womens Size 8 String Chrome White Beige Running Shoes 927243-201Merrell Women's Mix Master Move Glide 2 , NIKE WMNS CLASSIC CORTEZ LEATHER WHITE BLACK 807471-101 Women Running Shoes , Skechers Burst Very Daring Slate Womens Trainers , Skechers D'Lites Ultra-Reverie Women's Fashion Sneakers 12293/BBK All SizesPropet Women's Vista Walker , $135 New NB928 NB Women's New Balance 928 v2 Leather SHOES WW928GR2 sz 6.5 Wide , Inov-8 All Train 215 Womens Cross Training Shoes Running Sneakers Inov-8 NEW , Nike W AF1 Lover XX White AO1523-100 Size 7.5 AO1523 100Brooks Women's Levitate Blue/Mint/Silver 6.5 B US , Brand New Altra Women's Paradigm 1.5 Running Shoe U.S. size 6.5 w Mintadidas Womens adizero Adios 3 Running Shoes Red , New Womens Reebok CLUB C 85 SO GREY / BLACK / WHITE BS7858 US W 5.5 - 11.0 TAKSEAdidas Women's Tubular Dawn Originals Running Shoe , Wmns Nike Tessen White Women Athletic Running Shoes Sneakers Trainers AA2172-100Reebok Flexagon Black White Silver Women Cross Training Shoes Sneakers CN2407NIKE WOMENS AIR HUARACHE ULTRA PREMIUM SZ 7 BLACK DARK GREY WHITE 859511 001 , Kenneth Cole New York Women's Joanie Platform SneakerAdidas Originals ZX Flux ADV Virtue PK Primeknit women's Classic Casual Fitness , $85.00 Puma x MAC Women Suede Classic - MAC THREE burgundy port royale 368015-01women Ecco Biom FJuel new sneakers size 39 (8-8.5 USA)
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 ASHLEY STEWART Unique High Denim Boots Straps Detail Fun Look Sz8W , Style & Co. Womens Vedaa Closed Toe Mid-Calf Fashion BootsWomens Ladies Chunky Low Mid Block Heel Chelsea Ankle Boots Platform Shoes Size , Steve Madden Joesie Natural Leather Boots Size 9 , Women’s Red Wing Steel Toed Work Boots Brown Leather 6 1/2 DSTEVE MADDEN Light Brown Suede High Heel Zip Fringe Peep Toe Ankle Boots Sz 10 MRocket Dog Sand Doon Booties - Women's Size 8.5 - Black , NEW! SHI by Journeys Women's Blast Heeled Boots Black SIze:9* 154BKensie Massey Women's Black Bootie 10M , Qupid Women's York-03x Boot, Khaki, Size 6.0Totes womens boots baxter cold weather black boots size 6 NEWSize /US 7 BORN WOMAN BOOTS DOUBLE BUCKLES BLACK LEAHTER , FRYE Women's Tall Brown Leather Two Buckle MILDRED Eng Pull Boots Size 7.5 Mcrocs Womens Walu II Canvas Loafer- Pick SZ/Color. , BORN Womens 10 Brown Leather Button Strap Side Zip 9” Boot Mid Calf Heel Cap Toe , NIB stuart weitzman slip on loafersNEW IN BOX VANELI BLACK SUEDE DRIVING MOCASSIN 'RAE' STYLE - SIZE 8 1/2MECCO Womens 11 11.5 Babett 3 Strap Dress Sandal Shadow White Summer - , EUC Cole Haan Tali Bow Ballet Flat 8.5 British Tan LeatherMarc Jacobs Red Patent Leather Black Grosgrain Trim Ballet Flats Wm Sz Sz 38.5 M , womens sz 11 M 41 TOD'S Italy Driving loafers shoes iconic yellow patent leatherNEW john galliano leather slingback flats white black patent pointed 36 6 ITALY , Sartore Paris Two Tone Oxfords Women Brown Ivory Derby Shoes Sz 36 US 6 LeatherKorean Womens Wedge Hidden Heels Round Toe Casual Sport Shoes Ankle Boots I361 , New Balance WL501 Classic Run Shoe-W Womens 501 Running LifestyleKeen Versatrail Women's Gray Red Hiking Trail Running Shoes - US 10.5 ()NIKE W NIKE DUALTONE RACER 2-TONE BEIGE. NIB , Women's Val Patent Loafer Flats , ASICS GelResolution 7 Clay Court Shoe Men's Tennis multi-E702Y.0193NIKE AIR JORDAN 7 RETRO GG BLACK-HYPER PINK SZ 4.5Y-WOMENS SZ 6 [442960-018]
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Womens 719916-010 Nike Air Black Max Sequent 26980 Running Shoe 719916-010 Black Gray Violet Size 11.5 499e382 Athletic Shoes
49283
1914569
3420472
6599825
8874244
9468519
15580927
15959530
17567617
Powered by WordPress.com VIP.