The Buzz
All markets and investing news all the time

GOLDEN GOOSE Glitter Slide Size Glitter Multicolor Glittering sneakers high top sneakers Size 36 502cd1d

Item specifics

Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Pattern: Multi-Colored
Style: Slides Brand: Golden Goose
US Shoe Size (Women's): 6 Color: Multi-Color

GOLDEN GOOSE Glitter Slide Size Glitter Multicolor Glittering sneakers high top sneakers Size 36 502cd1d -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
GOLDEN GOOSE Glitter Slide Size Glitter Multicolor Glittering sneakers high top sneakers Size 36 502cd1d
GOLDEN GOOSE Glitter Slide Size Glitter Multicolor Glittering sneakers high top sneakers Size 36 502cd1d -

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%.

GOLDEN GOOSE Glitter Slide Size Glitter Multicolor Glittering sneakers high top sneakers Size 36 502cd1d

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
GOLDEN GOOSE Glitter Slide Size Glitter Multicolor Glittering sneakers high top sneakers Size 36 502cd1d -
About This Author
GOLDEN GOOSE Glitter Slide Size Glitter Multicolor Glittering sneakers high top sneakers Size 36 502cd1d -
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
NIB $850 CHRISTIAN LOUBOUTIN BLACK SUEDE LADY MOC FLAT TASSEL LOAFERS SHOES 39 9 , NWOB$1495 Brunello Cucinelli Multi-Leather Beaded T-Strap Flats 36.5/ 6.5US A186Crocs Womens Busy Day Stretch Ballet Flat, Pomegranate {Sz. 11}NEW PRADA LUXURY BLACK TESSUTO LEATHER LOGO HIGH TOP WEDGE SNEAKERS SHOES 40/10Salvatore Ferragamo Saba Dot Ostrich Loafers Driver Moccasins Size 9.5 / 39,5 , Roger Vivier Silver Crystal Chips Ballet Flats Size 37/7 , NIB $750+ PRADA Logo Bow Matelasse Ballet Flat Shoes 38.5 - 8.5US Black LeatherMARNI shoes loafers / oxfords R07C03 Brushed Leather gold plaque strap closure , NIB YSL SAINT LAURENT PARIS BABES BLK GLITTER PATENT MARY JANE PUMPS Shoes 39.5 , NIB Authentic CHAROTTE OLYMPIA Flats Kitty Embroidered RaffiaVALENTINO GARAVANI Poudre Ballet Flats Black Quilted Leather Straps size 38NIB Valentino Rockstud Black Canvas Star Camo Print Slip On Espadrille Flats 38 , Burberry Deardown Black Oxford women's size 9.5 m Euro 39.5 retail 1095.00Valentino Rockstud Studded Leather Strappy Flat Espadrilles Shoes Cream $795Valentino Garavani Women Fashion Sneakers camouflage Shoe Size 9 (39.5) , RARE! VINTAGE NEW FERRAGAMO RED SNEAKER WOMENS SHOE SUEDE 6.5 B AA SEE DESC. , VALENTINO Women's Hidden Strap Sneakers Rose Gold NW1S0781 FLR 833 EU SizeNEW Valentino Garavani Rockstud Glam Flat Crystal-Stud Satin Slide Sandal 38 , YSL SAINT LAURENT LOGO ESPADRILLE BLACK LEATHER SIZE 39AUTHENTIC CHRISTIAN LOUBOUTIN SPIKES FLATS GOLDOFLATS NAPPA 37.5 BLACK$595 New TABITHA SIMMONS Purple IRIS Suede SCALLOPED Pointy Toe Flats Shoes 37NEW BURBERRY LADIES CHECK COTTON LEATHER TRAINERS SNEAKERS SHOES 39/US 9 , NWOB $1945 Brunello Cucinelli Sparkly Monili Fringe Beaded Velvet Loafers A181 , VALENTINO Women's Hidden Strap Sneakers White NW1S0781 TCQ B74 EU SizeSalvatore Ferragamo Varina Leather Ballet Flat , NWOB Christian Louboutin Madam Mix Spiked Booties in Black Leather 7.5 $1195Celine NWOT Black Leather "Country Boot Box" Oxfords SZ 38TOD'S women shoes Black leather gommini loafer double T XXW00G0Q490VDUB999 , TOD'S WOMAN MOCCASIN LOAFER CASUAL SHOES LEATHER CODE XXW0VK0L100D90U616
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 REPORT WOMEN'S BROWN LEATHER SLEIGH BOOTS Size 7 ON/OFF ZIPPERNEW Leopard Ankle Boots Booties Stilettos Heel BlackVTG WOMENS ZODIAC COWBOY LEATHER BLACK BOOTS SIZE 5.5 MSteve Madden Womens Elliana Black Over-The-Knee Boots 5.5 Medium (B,M) BHFO 0593dknyc izzy women amazing boots shoes size 8/38.5 black leather FREE SHIPPINGNew Esprit Wanda - E Weather Boots Black Plaid Size 6 US $69Roma Womens Folded Pull on Over Knee boots Fit Chunky heel Platform US4-11 PumpZigi Soho Over Knee Boots Black Suede High Heel Embroidered Size 8 Bryna NEWMe Too Womens Bridget12 Closed Toe Ballet FlatsIvanka Trump Gentry Fleece Lined Quilted Winter Ankle Boots, Black, 5US Display , NIB TORY BURCH Darien Gold Leather Espadrille loafer Trim FlatsPale Gray MEPHISTO MOBILS Nubuck Leather Mary Jane Flats Shoes Sz. 7 FRANCENine West 25022041 Womens Zance Suede Ballet Flat- Choose SZ/Color.Miz Mooz Women's Antonia Ballet FlatPearl Izumi Womens Trin2 Gumdrop/DeepLake Running Shoes Size 10.5 (337644)**Merrell Siren Strap Q2, Women's Size 8, Black , Bottega Veneta White Leather Intrecciato Woven Loafers Size 37.5 7.5NIKE WOMENS AIR MAX 90 (616730 025) Black/Dark Grey-Crimson US WOMEN SIZE 8.5 , Under Armour Women's Ua Speedform Gemini 3 Running Shoe , Nike Air Max Thea Print Blue Womens Trainers , PUMA 19015901 Womens Burst Tech WNS Cross-Trainer Shoe- Choose SZ/Color. , Natural Soul Women's Girly Skimmer Black Smooth Polyurethane Comfort Shoes , converse all star Dark Denim Flower PrintWomen's Ladies Sexy Boots Size 7 BootsALDO Black Synthetic Leather Side Zip Heeled Ankle Boots Women's Size 6.5Skechers for Work Womens Duck Rain Boot- Select SZ/Color.Apex Womens Ambulator Biomechanical Mary Jane Black Smooth Leather Comfort ShoesJOSEF SEIBEL Brown Slip On Comfort Shoes Women's Size 8.5Demonia Women's Scene 51 Mid Calf Boot Red/Black Patent Synthetic Zipper , LEBRON XI LOW LIGHT PHOTO BLUE YOUTH SZ 5.5 SAME AS WOMAN 7.0 NEW AUTHENTIC RARE
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
GOLDEN GOOSE Glitter Slide Size Glitter Multicolor Glittering sneakers high top sneakers Size 36 502cd1d Flats
Powered by VIP.