The Buzz
All markets and investing news all the time

Women's Ladies Everyday Padders Everyday Shoes Shoes Velvet Ladies Flats 21fc23f




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
Material: Leather
Sole: Other Lining: Synthetic/Leather
Style: No data Brand: Padders

Women's Ladies Everyday Padders Everyday Shoes Shoes Velvet Ladies Flats 21fc23f - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Ladies Everyday Padders Everyday Shoes Shoes Velvet Ladies Flats 21fc23f
Women's Ladies Everyday Padders Everyday Shoes Shoes Velvet Ladies Flats 21fc23f - 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%.

Women's Ladies Everyday Padders Everyday Shoes Shoes Velvet Ladies Flats 21fc23f

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Ladies Everyday Padders Everyday Shoes Shoes Velvet Ladies Flats 21fc23f - hollisbaker.com
About This Author
Women's Ladies Everyday Padders Everyday Shoes Shoes Velvet Ladies Flats 21fc23f - 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
 
Women's Volatile Women's Comfee Loafer FlatsWomen's Report Women's Lenix Ballet Flat Flats , Women's Freebird Women's Enya Ballet Flat Flats , Women's Jimmy Choo Champagne Glitter Flats Flats , Women's maypol Shoes 437956 Beige 39 FlatsWomen's Arcopedico Womens L1 Textile Shoes Flats , Women's LADIES SHOES/FOOTWEAR -CABELLO 520 NAVY Flats , Women's Matc Joseph Rockaway Caramel Flats FlatsWomen's Filo Crushed Velvet Driver CURRANT FlatsWomen's Tommy Hilfiger Flats FlatsWomen's Sofft - Womens - Deidra FlatsWomen's Amy Jo Gladstone Slippers/Shoes Flats , Women's Checker Clogs Size 391/2 Flats , Women's Dolce Vita Hamond Studded Flat Flats , Women's Ellie Athena Peeptoe Platform Black FlatsWomen's Creel & Mack 4 Flats Flats , Women's Ogden CH1751 Black Rockport FlatsWomen's Propet Chloe Mary Jane Flat Flats , Women's Tod's ladies stylish shoes Flats , Women's Filo Crushed Velvet Driver Navy Flats , Women's l'amour des pieds 9 Flats , Women's j crew ballet flats 10.5 Flats , Women's Leo Studio Womens Flats FlatsWomen's Dr. Comfort shoes Laura 5½ Flats , Women's Flat Nine West Zissi Black/Black Flats , Women's Loafer Ivanka Trump Fren Platinum/Platinum FlatsWomen's Puma fenty creepers Flats , Women's Roses and Skulls Ballet Flats FlatsWomen's Wonder Woman Ballet Flats Flats ,
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 Madden Girl Sanguine Brown Western Women's Cowboy Boot Size 7 , NEW Fuel Canvas Size 8.5 Orenge Boots With Circles & Skulls , Indigo Rd. Cam Rear Zip Western Bootie, Medium Brown , Women's Vince Camuto Cider Shoes Black Leather Ankle Boots Size 7 M NEW!Vintage Jazz Desert Boot Crepe Sole Women size 9.5 Sand SuedeMunro American Ankle Booties Side Zip Brown Leather Boots USA Womens 10.5 NThe Florsheim Shoe vintage western women’s boots size 8.5NEW WOMEN'S CRUSH BY DURANGO WESTERN BOOT (DRD0167) TAN CROSS 8 MEDIUM $160Boot Blowfish Mammer Whiskey Old Ranger PUKnee High Women Boots Rubber ShoesBX657 SCARPE ITALIANE by CORAF shoes burgundy suede women ankle boots EU , GB35 Calae Ankle Boots, Dark Taupe, 8.5 USNine West women's size 5.5 tan heel new in box boot/bootie , French Sole Women's Conquest Flats Black Suede and Sparkling Stones Size 6 MNew Ladies Italian Light Blue Suede EspadrillesGEOX 41 RESPIRA SALMON CROCO PRINT LEATHER SLIP ON US SZ 10.5 M MADE IN BRAZIL , NWOT Women's Drew Blast athletic shoe Flamingo print Fabric size 13 extra wideAravon Kitt Twin Gore - Women's Dress Shoe - All Colors - All SizesVALENTINO Star Espadrille sz 40 , women's shoes PINKO 8 () slip on white gold paillettes BT250-38**Converse Chuck Taylor All Star Mint green Hi Top Shoes mens 5 womens 7Asics Gel-Flux 2 T568N-3901 Blue White Mesh Running Shoes Medium (B, M) WomensNIB New Balance Fresh Foam Vongo Women's Running Shoes Black-Lava- Med & Wide D , Propet Washable Walker - Black - WomensConverse Women's Chuck Taylor All Star High White Garnet Clematis Blue SneakerWomen Shoes Tenis Light Breathable Mesh Shoes Woman Casual Shoes Women SneakersWomen's bebe women sneaker Wedge Athletic ShoesHinge Heeled DANA Leather Ankle Boot W/ Ties in Black Sz 7M EUC!! , Bare Traps Women's Rebecca Slide Sandal Champagne Polyurethane Slides , Dansko Calista dark green dual two strap comfort shoes women US 7.5
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Women's Ladies Everyday Padders Everyday Shoes Shoes Velvet Ladies Flats 21fc23f Flats
1989610
2179832
4257739
7737362
8714721
11720298
12217205
16313770
17638778
Powered by WordPress.com VIP.