The Buzz
All markets and investing news all the time

Steven Natural Comfort Womens NC-Kai BHFO Low Steven Top Fashion Comfort Sneakers Shoes BHFO 7245 1495c71

Item specifics

New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: Steven Natural Comfort
Heel Height: Low (3/4 in. to 1 1/2 in.) MPN: NCKAI
Style: Low Top Width: Medium (B, M)
Country/Region of Manufacture: China Material: Synthetic
Material Composition: Fabric/Man Made Upper

Steven Natural Comfort Womens NC-Kai BHFO Low Steven Top Fashion Comfort Sneakers Shoes BHFO 7245 1495c71 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Steven Natural Comfort Womens NC-Kai BHFO Low Steven Top Fashion Comfort Sneakers Shoes BHFO 7245 1495c71
Steven Natural Comfort Womens NC-Kai BHFO Low Steven Top Fashion Comfort Sneakers Shoes BHFO 7245 1495c71 -

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%.

Steven Natural Comfort Womens NC-Kai BHFO Low Steven Top Fashion Comfort Sneakers Shoes BHFO 7245 1495c71

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Steven Natural Comfort Womens NC-Kai BHFO Low Steven Top Fashion Comfort Sneakers Shoes BHFO 7245 1495c71 -
About This Author
Steven Natural Comfort Womens NC-Kai BHFO Low Steven Top Fashion Comfort Sneakers Shoes BHFO 7245 1495c71 -
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
Womens Hollow Floral Platform Wedge Heels Slip on Round Toe Creeper Leisure ShoeNike Air Max Motion LW Womens Size 9 Aurora Green/White Running Shoes F4-538Reebok Zprint Pro Grey - Womens - Size 7 B , SKECHERS Womens D'LITES Biggest Fan Black Casual Athletic Shoes Sz 8.5 W F5-167Nike Air Max Invigor Print Womens Sz 7.5 Black Grey Athletle Running Shoe F4-634Nike Downshifter 7 Womens Size 11 White Training Athletic Sneaker Shoes F3-936Nike Tanjun SE Women’s Sz 10 Anthracite Athletic Running Training Shoes F4-518 , Nike Womens Black Pink Shox Sneakers 7.5 D11 , Asics Gel-Rocket Women's Volleyball Athletic Shoes Size 8 MNew Balance Classics Rush v1 Knit Training Shoes, Women's Size 12B, Black , Altra One 2.5 Running Shoes, Women's Size 9.5, Grey , New Balance Womens Zante Knit Fresh Foam Running Shoes Sneakers BHFO 2240Womens Chukka Blazer Shose Athletic Fashion Running Triples Sports Sneakers N1Womens Vintage Casual Flats Shoes Plus Size Hot Round Toe Black Buckle Fashion , Cape Robbin ARCTIC-2 Blue Mermaid Multi Glitter Encrusted Athleisure SneakerPuma Sky II Women's Basketball Athletic Shoes Size 7 MUnder Armour Cartilage Women's Running Athletic Shoes Size 7 M , New Womens Two Tone Brown Sperry pier View Burnishable DBR Tennis Shoes, Size 8Asics GEL-Exert TR Training Shoe, Women's - Size 8, Navy/Mint/PinkBrooks Pure Connect 4 Women's Running Athletic Shoes Size 9 M , New Womens Hidden Wedge Heel Slip On Pumps Casual Sneaker Comfort Athletic Shoes , Asics GEL-Cumulus 18 Running Shoes - Women's Size 8.5 - NavyRyka Dash 3 Athletic Shoes - Women's Size 6.5 M, Navy/Pink , Fashion Womens Platform Creeper Wedge Hidden heel Sport Sneakers Casual shoes SZNike Womens Size 7 Air Max Sequent 2 Gray Athletic Running Training Shoes F3-134 , SKECHERS Womens Go Flex Momentum Gray Casual Walking Shoes Size 8.5 IP-322 , NIKE Womens Kaishi 2.0 White Running Training Athletic Shoes Size 9.5 F3-172New Balance 610v2 Women's Running Athletic Shoes Size 8.5 D , Skechers Moda - Slide Thru Sneaker - Women's Size 6, Lt. Taupe ,
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 LADIES APOSTROPHE BLACK HIGH HEEL SHOE FASHION BOOTIE SIZE 5.5 M , Women Silver Boot Anklet Chain 1 Strap Big Rhinstone Cross Western Shoe Charm2 Lips Too Womens TooVivian Closed Toe Ankle Fashion Boots, White, Size 8.0 28UC , The Kooples Buckled heel Boot Size 8 / 38 �� , PAUL GREEN Brown Taupe Suede Leather Knee High Square Toe Boots US 6.5Bearpaw Josie Black Suede & Wool Sheepskin NeverWet Bootie 8 NEW , Lemore Women's Black Leather Knee Hi Flat Heel Pull On Boots Size 40 10Zee Alexis Womens Monica Ankle Boots Black 8 MNWT $365 JOIE Authentic Women's Monte Leather Suede Boots, Black Brown, SizesVia Spiga NEW Black Leather Designer Zipper Ankle Booties Wedge Heel Boots sz 10Nine West Vintage American COUNTER boots in WINE size 6 NEW box $169 VACOUNTERDansko Women's Misty Mary Jane Flat Black Size 8.0 VSgq , Coolway Women's MC-31 Boot, Black, 36 EU/5 M US , Vintage Womens Denim Pointed Toe Rhinestone Zipper Shoes Mid Calf Boots CasualRed Knee High Double Zipper Boots Sz 8.5Womens Dansko Professional Pull Up Cordovan Leather Clogs Shoe 306817878 Size 40chic women tassel peep toe slingbacks wedge mid heel slip on lofer leisure shoesCole Haan Evie Loafer Light Blue Suede Women's Size 6.5BSAS Women's Slide On Wedge Bliss Black Size 8 MediumCamper K200352-002 Womens Noshu K200352 Walking Shoe /- Choose SZ/Color.Vidorreta Women's Cream Espadrille (8, White) , Reebok Zigkick Wild Womens 9.5 Running M44030 Black Pink Silver , Nike In Season TR 4 Wolf Grey/White/Platinum Cross Training Shoe 10.5M , Oliberte brown nubuck Niami leather boat shoes flats display size 7M New no boxSalvatore Ferragamo Black Loafer Shoes Extra Light Womens 4A 9.5 Narrow MINTNWT Miu Miu Women's Packable Ballerina Flats, Red, Size 35 1/2(5.5 US) , adidas Originals Women's Adidas Athletics 24/7 W Cross Trainer , 361 Women's Overstep-W Trail Runner, Castlerock/Green, 9.5 M USWomen's minnetonka moccasins 9 Flats , Spring Step Women's Christabelle
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Steven Natural Comfort Womens NC-Kai BHFO Low Steven Top Fashion Comfort Sneakers Shoes BHFO 7245 1495c71 Athletic Shoes
Powered by VIP.