The Buzz
All markets and investing news all the time

SAUCONY US 15546 BOX Women's NEW Jazz Low Pro Trainers Sneakers US 5/ RRP $99 NO BOX 4f93d92

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: NEW - NO BOX
Brand: Saucony Style: Trainers
Colour: Grey/Mint Blue/ White UPC: Does not apply

SAUCONY US 15546 BOX Women's NEW Jazz Low Pro Trainers Sneakers US 5/ RRP $99 NO BOX 4f93d92 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
SAUCONY US 15546 BOX Women's NEW Jazz Low Pro Trainers Sneakers US 5/ RRP $99 NO BOX 4f93d92
SAUCONY US 15546 BOX Women's NEW Jazz Low Pro Trainers Sneakers US 5/ RRP $99 NO BOX 4f93d92 -

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%.

SAUCONY US 15546 BOX Women's NEW Jazz Low Pro Trainers Sneakers US 5/ RRP $99 NO BOX 4f93d92

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
SAUCONY US 15546 BOX Women's NEW Jazz Low Pro Trainers Sneakers US 5/ RRP $99 NO BOX 4f93d92 -
About This Author
SAUCONY US 15546 BOX Women's NEW Jazz Low Pro Trainers Sneakers US 5/ RRP $99 NO BOX 4f93d92 -
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
Fashion Women's Outdoor Running Walking Casual Shoes Athletic Sneakers Shoes szWomen Fashion Mesh Shoes Running Walking Breathable Sneakers Absoring Trainers , NEW BALANCE All Terrain 571 Size 8 B Brown Ladies L@@K!Naturalizer Womens Manor Fashion Sneakers Shoes BHFO 9338Womens Wedge Pumps Plus Size Round Toe Shoes Casual Running Sports White A3837 , Brooks Womens Size 7.5 Shoes Trance 12 Athletic Running Cross Training Sneakers**FILA Memory Inspell 2 Athletic Shoes, Women's Size 8.5, Black/Pink , Nike Rival MD Track Cleats Shoes White Racing Spikes Womens 8.5 468650-146Women's Fashion Sporty High Top Hidden Wedge Sneaker Shoes All Size 6-11 , Winter Women's Faux Fur Flat Pull On Cute Loafers Platfprm Creeper Shoes Pumps , Womens Breathable Floral Athletic Pumps Sports Loafer Hidden Heel Shoes WhiteSuperga Women's Gray Canvas Sneakers Size 9 Medium; Excellent Used ConditionSKECHERS Relaxed Fit Breathe Easy Lucky Lady Mary Jane Walking Shoes Size 8 EUCNEW! Skechers Women's Breathe Easy Jackpot Shoes White Size:6 157G zWomen's Shoes Fall Leather Canvas Casual Simple Basic Wild Flat Round Toe Sbox14Skechers Relaxed Fit Memory Foam Brown Leather Casual Shoe Womens Size 8.5Nike Zoom Fit Agility Running Shoes, Wht/Red/Orange, Womens US 10Converse All Star Women's Size 8 Athletic Shoes White- Nice - Fast ShippingAdidas Originals Superstar Size W8, M6Women's Outdoor Sports Shoes Fashion Breathable Casual Sneakers Running ShoesDanskin I NET Technology Women's White Walking Toning Sneakers Shoes Sz 8.5 , Nike™ ~ INITIATOR Run Shoes ~ Everyday 394053-001 ~ Women Sz 11 ~ GOODMERRELL RELAY SKIP US 7M OYSTER GRAY WALKING SHOE , JC Womens shoes pumps sandals flat heels athletic sport shoes fashion girls chic , New Balance Womens WMD500P3 Racing Running Track Shoes Pink Size 10.5Women Shoes High Top Wedge Hidden Heel Suede Fashion Sneakers , Unisex Safety work Breathable mesh Shoes mens Steel Toe Protection Casual ShoesWomen's Chic Running Sneakers Casual Athletic Breathable Outdoor Sports Shoes@PF Flyers Posture Foundation Womens Shoes Size 8.5 Rigid Wedge Sneakers Suede ,
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 Etienne Aigner Passaic Women's Leather Ankle Boots Block Heel Size 8 MWomen's Skechers Boots Keepsakes Conceal Black 48363 Size 7 - Missing Button , L4L by Lust for Life Womens Racy Black Over-The-Knee Boots 8 Medium (B,M) 9578Women Strap Knee High Grid Boots New Riding Cuban Heels Zipper Vogue Shoes 2018Wild Diva Sz.10 Black Above Ankle Clear Acrylic Lucite Block Heel BootsNWOB BCBG Max Azria black genuine suede whipstitch sleek midcalf boots US 8M/38DR. Martens 8877 Steel Toe Boots Black Leather Womens Size UK3/US4/36CONSam Edelman “Petty” Nearly New Brown Leather Ankle Zip Boots Womens Size 6.5 MJeffrey Campbell LITA-FAB Purple Father Platform Wood Women US 6.5 Minimal Wear , Victoria's Secret $178 BUCKLE AND CHAINS LOW-HEEL KNEE-HIGH BOOTS 8White Mountain Calisi Ankle Booties 037, Black, 8.5 US , samples shoes BALLERINE OSIRIS COVE 1 WHITE QUEEN WOMEN$160 BOUTIQUE 9 LINDA Dark Grey Suede Designer Mid Heel Ankle Comfort Boots 7 MMunro Women's Black Debut Wedge 6644 Size 11.5M , DR COMFORT women's orthopedic shoes size 5.5w gray, Mary Jane, leather.Womens Ella Shoes Sophie Chestnut Winter Fur Boots , Dansko Women's Celeste - Choose SZ/ColorNIB Tory Burch REVA Ballet Flats Cobra Print Black Natural S 5.5 StyleDonald J Pliner Women's Dora Ballet Flat - Choose SZ/Color , Gibellieri 11a Light Brown Fabric Suede Pointed Toe Bow Shoe Mules 39.5 / US 9.5Johnston & Murphy Silver Metallic Leather Paulette Slip On Shoe 9.5 NewSam Edelman Women's Rockwell Ballet Flat - Choose SZ/Color , ECCO Footwear Womens Fara Slip-on Loafer, Tarmac Palm Print/Deep Forest, 39 M US , Women's SAS Tripad Comfort Foot Bed Horsebit Slip On Loafers Cream Beige size 8MSuede Ballet Flats Light Grey L'Artigiana di Brera Size 37Embroidery Womens Ballet Flat Heel Velvet Rhinestone Decor Leather loafer ShoesWomen's Reebok Classic White Casual Cool Walking Sneakers Sz. 37.5/7 MINT! , WOMENS AEROSPORT QUICK WALKING SALMON/LIGHT GREY/WHITE CASUAL RUNNING SHOESWomen's Black Gabriella Rocha Mid Calf Boots Stilettos Size 7M Euro 37 95% CondSanuk Women's Yoga Gora Gora Duo Slide Opal/Indigo Bunting Textile Slides
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
SAUCONY US 15546 BOX Women's NEW Jazz Low Pro Trainers Sneakers US 5/ RRP $99 NO BOX 4f93d92 Athletic Shoes
Powered by VIP.