The Buzz
All markets and investing news all the time

Womens High Stylish Floral Sequins Top 18311 Flats Casual Shoes Girls High Top Canvas Snakers 639a069




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
Brand: Unbranded
Material: Canvas Style: Loafers @ Moccasins
Occasion: Casual Country/Region of Manufacture: China
Pattern: Floral Heel Height: Flat (0 to 1/2 in.)
Width: Medium (B, M)

Womens High Stylish Floral Sequins Top 18311 Flats Casual Shoes Girls High Top Canvas Snakers 639a069 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Womens High Stylish Floral Sequins Top 18311 Flats Casual Shoes Girls High Top Canvas Snakers 639a069
Womens High Stylish Floral Sequins Top 18311 Flats Casual Shoes Girls High Top Canvas Snakers 639a069 - 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%.

Womens High Stylish Floral Sequins Top 18311 Flats Casual Shoes Girls High Top Canvas Snakers 639a069

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Womens High Stylish Floral Sequins Top 18311 Flats Casual Shoes Girls High Top Canvas Snakers 639a069 - hollisbaker.com
About This Author
Womens High Stylish Floral Sequins Top 18311 Flats Casual Shoes Girls High Top Canvas Snakers 639a069 - 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
 
Collegiate casual mary jane platform boe tie creeper fringe women shoes slip onWomen Pearl Bee Sequins Bowknot Real Leather Slippers Mules Slip on Loafer Shoes , Women's Real Leather Tassels Bowtie Flat Heels Flat Heels Oxfords Lofers Shoes #Womens Rhinestone Floral Flats Zipper Punk Shoes High Top Denim Canvas Hole Shoe , Women's Casual Suede Loafers Moccasins Metal Decor Emboridery Chic Shoes Size #Womens Embroidery Loafer Slipper Cow Leather Rabbit Fur Lined Mules Shoes usJeffrey Campbell 'Lawford' Tassel Loafer, Black Leather, Womens Size 8 , Womens New Mules Shoes Fur Lined Slippers Real Leather Loafers Lambs Fur Sz 10.5 , Womens Embroidery Floral Rabbit Fur Trim Loafers Casual Slipper Mules Shoes Chic , Women Fashion Round Toe Slip On Embroidery Flat Casual Loafers Shoes SizeJambu Women's Blossom Encore Flat size 8.5 NEWGirls Bowknot British Preppy Style Patent Leather Pumps Loafers Shoes Oxfords SZOccident Womens Pointy Toe Med Block Heel Rhinestone Bling Loafers Casual ShoesWomen's Chic Suede Pointed Toe Pearls Slipo On Slippers Party Clubwear Shoes sz , Square Toe Womens Suede Leather Metal Pearls Rabbit Fur Lined Oxfords Shoes bWomen Slip on Loafers Flats Boat Shoes Moccasin Gommino Casual Warm Winter Shoes , Europe Womens Leather Chic Shoes Metal decor Pointy Toe Flats Heel Slip Ons sizeARCOPEDICO MESH SHOES 6 USA 36 PORTUGAL by ELIO PARODI in IVORY FREE* POSTAL !Womens Flat Heel Shoes Patent Leather Stripes Slip On Casual Loafers Pumps US 9Women Pointy toes Bee Pearls Knot Pump Flat Slip on Solid Dress PU Leather ShoesWomens Gothic Hollow Brogue Wing Tip Ankle Buckle Creepers Shoes Pumps Leather , Women's Real Fur Pompom Sequins Pointed Toe Pumps Wedding Shoes Silver buckle , Womens Suede Rabbit Fur Furry Flats Casual Fashion Winter Warm Slippers Shoes XY , Halogen Emma Monk Strap Oxford, Black Leather, Womens Size 7 M , Womens 2018 Hot Summer Sweet Chunk heel bandage Hollow Out Suede Sandals Shoes t , Summer Roman Womens High Block Heels Metal Decor Open Toe Leather Pumps Slippers , Real Rabbit Fur Trim Womens Fur Furry Warm Casual Slippers Shoes Fashion Mules , Chic Women's Slip On Backless Mules Bees Mid Heel Loafers Casual Shoes Pumps NewWomen's Chic Pointed Toe Floral Flat Heels Vintage Casual Mules Slip On Shoes Sz
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 NEW! Jaclyn Smith Womens Raizen Brown Boots 118P daASOLO womens brown black suede hiking boots 6.5 M VGUCsize 7 White Mountain Hadley Black Heel Ankle Booties Womens ShoesMadden Girl Womens destory Closed Toe Ankle Fashion Black Fabric Size 10.0 jZ0 , Carlos by Carlos Santana Womens Tempe Leather Closed Toe Ankle Fashion Boots , Steve Madden Harber Women's Boot - Women's Size 7 M, BlackWomen's Bearpaw 658 Black Convertible Knit Tall Boots New In Box 6M , Nine West Kayleer Size US 8 Buckle Black Genuine Leather Stacked Block Heel BootSexy 3" High Heel Gogo Dancer White Knee Boots Halloween Costume GOGO300/W/PU , SC35 Fridaa Wide Calf Riding Boots - Barrel Barrel Size 7.5 , AIRWALK NIA Womens Shoes COZY ANKLE BOOTS Rain WINTER Snow CASUAL GRY Size 7 NEW , New women's shoes fashion mid shaft boot real suede & faux fur winter warm blackJessica Simpson Women's Racyn Quilted Rain Boots Black Size 9 MBottes Plissées Cuir Noir E-COW T 37 TTBE , Pleaser Demonia by Womens -07 Mary-Jane- Pick SZ/Color. , Style & Co. Womens Astarie WC Closed Toe Knee High Fashion, Brown, Size 10.0☼ELEN☼ Bottes ajourées - FRANCESCO MILANO - Ref: 0199 , Nine West Tan Slouch Boots w/ Heel Size 8Steve Madden Womens Hangur Boot, Black SZ 8Bottes Fornarina cuir dust à enfiler NEUVES Valeur 200E Talon 7,5cm Pointures 39Dansko Professional Clog Black Patent Leather - size US 8 - was $125New Frye Dylan Slip On Loafer Leather Cognac Brown Casual Shoe Women’s , SPRING STEP PRO FERRARA-BLUL-W - FERRARA Size: - Color: , NEW Trask Gold Metallic Haley Ballet Cutout Leather Flats Sz 8Nike Womens Dual Fusion ST3 Running Shoes Sz 7.5 Coral Pink Blue 657498 600 , Women Nike Zoom Rival S Track Spikes Black, Silver Shoes 9.5 Excellent Condition , New Balance WW813Hv1 Walking Shoe - Women's Size 9 (2E), White , SKECHERS GOWalk3 14039 Women's Motive Gray Athletic Walking Shoes Sz 8 NEW $75Women's Prada Metallic Leather Mule Flats , Circa Joan David CJNifty Women's Brown Leather Boots Size 7.5M
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Womens High Stylish Floral Sequins Top 18311 Flats Casual Shoes Girls High Top Canvas Snakers 639a069 Flats
637592
2911149
3254088
6475429
7687496
9274897
10903648
15773119
16590550
Powered by WordPress.com VIP.