The Buzz
All markets and investing news all the time

WPC-7A Puma Puma Caroline Women's 9150 Fashion Sneakers, Size 7, morp-9151 NEW 940be16

Item specifics

Condition: New without box :
A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or may be missing original packaging materials (such as the original box or bag). The original tags may not be attached. For example, new shoes (with absolutely no signs of wear) that are no longer in their original box fall into this category. See all condition definitions- opens in a new window or tab
Seller Notes: Shoes are new.
Country/Region of Manufacture: Vietnam Material: Leather, Synthetic
Style: Wedge Fashion Sneakers Width: Medium (B, M)
Heel Height: Low (3/4 in. to 1 1/2 in.) Color: Black, Pink
US Shoe Size (Women's): 7 Brand: PUMA
UPC: Does not apply

WPC-7A Puma Puma Caroline Women's 9150 Fashion Sneakers, Size 7, morp-9151 NEW 940be16 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
WPC-7A Puma Puma Caroline Women's 9150 Fashion Sneakers, Size 7, morp-9151 NEW 940be16
WPC-7A Puma Puma Caroline Women's 9150 Fashion Sneakers, Size 7, morp-9151 NEW 940be16 -

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%.

WPC-7A Puma Puma Caroline Women's 9150 Fashion Sneakers, Size 7, morp-9151 NEW 940be16

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
WPC-7A Puma Puma Caroline Women's 9150 Fashion Sneakers, Size 7, morp-9151 NEW 940be16 -
About This Author
WPC-7A Puma Puma Caroline Women's 9150 Fashion Sneakers, Size 7, morp-9151 NEW 940be16 -
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
Reebok Women's Royal Aspire 2 Fashion Sneaker, Us-white/White, Size 6.5 K8ErMizuno Wave Rally 4 Black Silver Volleyball Shoes Sneakers Womens Size 9Womens Leather Hidden Heel Sneaker Boots Mesh Holes Sandals Shoes 7Colors Ths01Nike Women's Flex 2016 Running Sneakers Size 7 - Gray, Teal , Mephisto Runoff Womens Sneakers Shoes 9.5 , NEW! Nike Women's Blue Moon Running Shoes Blue Y dz , Nike Free 5.0 TR Fit Print - 704695-005 - Grey Purple - Women's Size 9women nike shoes size 10, tag is 8.5 men’sK SWISS WHITE SNEAKERS TRAINING WALKING LEATHER WOMENS SHOES 9.5LE COQ SPORTIF Deauville Women's Shoes *Size 5(USA) 37(EUR) 4(UK) , 12891 Taupe Skechers Shoes Memory Foam Women's Sport Comfort Walk Casual Jersey , Steven Natural Comfort Napa Leather Sneaker - Rose Gold US 8NEW BALANCE Tennis Shoes WR850ST CROSS TRAINING/ RUNNING SHOES SIZE 10 , NEW IN BOX Adidas Response Cushion Athletic Shoes Womens Size 10.5New SKECHERS 11726 EZ FLEX UNEXPECTED - GREY/Purple WOMEN'S-US SIZE 10MBearpaw Meadow Apres Boot - Women's Hickory 9.0 , DC Women's Rebound Hi-Top Skater Sneakers 302164 Size 8AHNU WOMENS YOGA SPLIT FLAT BERRY BLAST SHOES SIZE 7.5 NEWBrooks Ariel Women's Running Shoes Gray/silver/blue Size-7.5 D , Mizuno Wave Rider 19 Womens Black Silver White Lavender Athletic Shoes Size 11Vasque Women's Breeze 2.0 Low Gore-Tex Hiking Shoe Slate Brown/Red Mahogany 10.5 , New Balance W870WB3 Athletic Shoes, Multi-Color, Size 11, USVans Runner Off the Wall Varsity Sport 84 Red-True-White Shoes 10Nike Air Jordan Retro Pink and White 440892-101 - Womens Size 5.5 , B.O.C Womens Zamora Fabric Low Top Slip On Fashion Sneakers, Rose Gold, Size 9.5 , Winter Women Keep Warm Hiking Boots Plus Velvet Jogging Outdoor Casual SneakersWomens Fashion Hallow Out Round Toe Thick Soles Pull On Creeper Causal Shoes , CLARKS GRACE LOLA BLACK SUEDE 26123084 M WOMENS US SIZES , NEW KEEN MADERAS BOAT SHOES WOMENS 10.5 ENSIGN BLUE STYLE: 1010304 FREE SHIP
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 Womens boots MIA ankle studs Biker 6.5 M Black MusketeerrAR35 Abby Side Zip Short Ankle Boots 322, Black, 7.5 USLADIES DB EASY B BROWN ANKLE BOOTS "JO"MARCO TOZZI Boots Black Leather Size 36 / SB 292aerosols knee high boots with bucklesChestnut Winter Comfortable Flat Ankle Boot Fur Inside/Gold Button Size 8 , Women's Suede leather Cowboy /Western Boots w/stitched shaftSkechers Bikers - Zippiest Black Blk Womens Ankle Boot Size 6.5M , KEEN Dry Reisen Navy Blue Suede Waterproof Hiking Boots Women's sz 11New WORX Red Wing 5110 Safety-toe Uniform Work Shoe Oxford 10 WWCall It Spring Women's Nydiracien Boot, Brown, Size 7.5Clarks Original Wallabee Suede Leather Mock Toe Wedge Shoe Women's 7 Hippie BohoZARA NEW WOMAN STUDDED FLATFORM DERBY SHOES BLACK 35-42 REF.5518/301 , NEW Victoria's Secret Catalog Chinese Laundry Fallout Riding Boot - 6.5 - Black , Patagonia Womens Boot Addie Black Suede Leather Slouch Mid Calf SZ 6.5women casual slim heels knee high platform metal decor pull on buckle bootsVintage Justin Womens Flat Cowboy Western Riding Boots Black Size 7 B Enjoy!marc joseph golf mocs womens size 8Twisted X WDMS011 Women’s ECO TWX Slip-On Driving Moccasins, Dust/Multi - 9 MSkechers Go Step Lite Enchanted Womens Ballet Flat Skimmers Taupe 9.5Womens Hush Puppies Virtual Brown Leather Oxford Shoes 8.5 NIBMUNRO AMERICAN brown suede / leather loafers sz. 6.5 W $199 , Weejuns G.H. Bass & Co. Womens Wylie Red Loafers Shoes 6 Medium (B,M) BHFO 0484 , Mephisto Mary Janes Womens 9 Slip On Red Nubuck Leather Air Jet Insole Comfort , Tory Burch Black Suede Miller Shearling Sneaker Size 7M *NEWCastaner Women's Tropea, Cuero, 38 M EU (8 US) , Skechers Bobs from Women's Pureflex3-Wonderlove Mary Jane Flatadidas Women's Edge Lux 2 W - Choose SZ/Color , Women's Steve Madden boots 8.5 Boots , Reebok Women's Crossfit Combine Covert Cross-Trainer Shoe - Choose SZ/Color
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
WPC-7A Puma Puma Caroline Women's 9150 Fashion Sneakers, Size 7, morp-9151 NEW 940be16 Athletic Shoes
Powered by VIP.