The Buzz
All markets and investing news all the time

D54M6B-00046-C1000 Boat Geox Womens WJAMILAH2FIT7 Boat Shoe 38 (US WJAMILAH2FIT7 8) 8) M 65da0a5




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
UPC: 8051516044424
Style: Causal Brand: Geox
US Shoe Size (Women's): Multiple Variations Model: D54M6B-00046-C1000
Size Type: Regular MPN: D54M6B-00046-C1000
Material Type: Leather

D54M6B-00046-C1000 Boat Geox Womens WJAMILAH2FIT7 Boat Shoe 38 (US WJAMILAH2FIT7 8) 8) M 65da0a5 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
D54M6B-00046-C1000 Boat Geox Womens WJAMILAH2FIT7 Boat Shoe 38 (US WJAMILAH2FIT7 8) 8) M 65da0a5
D54M6B-00046-C1000 Boat Geox Womens WJAMILAH2FIT7 Boat Shoe 38 (US WJAMILAH2FIT7 8) 8) M 65da0a5 - 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%.

D54M6B-00046-C1000 Boat Geox Womens WJAMILAH2FIT7 Boat Shoe 38 (US WJAMILAH2FIT7 8) 8) M 65da0a5

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
D54M6B-00046-C1000 Boat Geox Womens WJAMILAH2FIT7 Boat Shoe 38 (US WJAMILAH2FIT7 8) 8) M 65da0a5 - hollisbaker.com
About This Author
D54M6B-00046-C1000 Boat Geox Womens WJAMILAH2FIT7 Boat Shoe 38 (US WJAMILAH2FIT7 8) 8) M 65da0a5 - 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
 
Eastland 3934-07M080 Womens Newbury Flat- Choose SZ/Color. , Clarks 26113443 Foxvale Spell Women US 6.5 Loafer- Choose SZ/Color. , FLY London Women's Sati949fly Fashion Sneaker, Taupe/Floral Suede/Print, 38 M US , FRYE 72261 Womens Sienna Stud Criss Cross Ballet Flat- Choose SZ/Color. , Loeffler Randall Women's Devin Lizard-Embossed Nubuck Fashion SneakerCLARKS 26104101 Clarks Womens Indigo by Valley Lounge- Choose SZ/Color.Merrell Women's Inde Lave Mj Mary Jane Flat - Choose SZ/ColorYosi Samra Women's Valerie Ballet Flat, Rosegold, 9 M USOLUKAI Women's Dark Java/Tan Nohea Nubuck 9.5 BM Us , NEW FRYE WOMENS SIENNA BUCKLE BALLET , Cole Haan Women's Rodeo Tassel Driver Loafer, Black Leather, 10 B USBlack B US , FitFlop B54 Womens F-Sporty Leather Ballerinas Ballet Flat- Choose SZ/Color.Calvin Klein Women's Lisette Loafer FlatEastland CLASSIC II Womens Classic Loafer,Black,7 M USCamper Women's 21595-018 Ballet Flat, Black Sella Negro, 40 EU/10 M US , FitFlop Women's Shuv Patent Mule Black 8 B(M) US , crocs 14391 Walu Cnv Lf Womens Canvas Loafer- Choose SZ/Color.Easy Spirit Women's Illie Clog, - Choose SZ/Color , crocs 16210 Womens Colorlite Boot Ankle BootieUS/8- Choose SZ/Color. , BOBS from Skechers 33613 Womens Pureflex Heathers Flat- Choose SZ/Color.Clarks 26113443 Womens Artisan Foxvale Spell- Choose SZ/Color.Kenneth Cole REACTION Women's Look Beyond 2 High Heel Cross Band Upper Heeled , SKECHERS 22986 Skechers Relaxed Fit Easy Air Join Me Womens Ballet Flat Skimmers , Merrell Women's Inde Lave Mj Sneaker - Choose SZ/Color , Vionic Women's Gem Caballo Ballet Flat Merlot, 7Bella Vita Women's Bella Vita Mallory Ornamented LoaferSesto Meucci Womens Graham Black Lab/Soft New Calf/Black Elastic Loafer , Alegria FLI-530 Womens Flirt M- Choose SZ/Color. , ECCO Women's Crepetray Slip on Loafer ,
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 Signature Black Suede Booties Size 9 , SALERNO Mid Calf Boots Sz 39 Brown Grain Leather Soft Body HeelsBlack FUR Top Boots Canyon River Dakota Buckle Tie Size 8.5 Glam 2.5" , Women's brown knee high boots,side zipper,elastic stretch at top,buckle trim 8Womens Red Lower East Side Size 9 1/2 Slip On Low Slouch Boots 9.5Women's SPLENDID 'TORONTO' Cable-Knit Leather Ankle Booties Walnut Size 7 MAnne Klein Womens seabed Leather Closed Toe Classic Pumps, Black, Size 10.0 TiU305865 Liliana Ankle Boot New Red Gold Platform Stiletto Women Shoe US 10Dan Post Womens Burgundy Leather Western Cowboy Boots USA 7.5 M , Lauren Ralph Lauren Genna Boots Leather - Black - NEW - Size 5M - Reg $149merrell 8.5 ECO HIKE boots WomensWest Blvd - Miami - Cowboy Western Womens Embroidery Stitching Chunky Heel Bo...B35 Rene Over The Knee Boots 790, Black, 7.5 USnew ladies Brown 2"Block Heel round toe Over Knee Sexy Boots Size 8 , SPERRY WOMENS BROWN LEATHER BOOTS MID CALF HARNESSBELLA VITA TRANSIT II Women Boots (11 M, GREY) , Sanita Black Mary Jane Clogs Size US 11.5-12 MSRP - $139Nine West Women's Quarryn Fabric Ankle Boot, Navy, 9.5 Medium USCole Haan Air Kennedy Bootie Maple Sugar High Heel Boots Size 9BCLARKS Women's Gracelin Gemma Loafer Flat, Navy Leather, 8 Medium USSHIRIN 949891-250 Vaneli Womens Shirin Flat 8- Choose SZ/Color. , NIB Authentic TABITHA SIMMONS "Vera" Blush Kid Suede Pointed Toe Flats 41 EUNew in Box Aquazurra Ladies Black Velvet & Pearl Slip On CosmicNIB $495 Charlotte Olympia Women's Kitty Cat Velvet Navy Blue Flats Size 40Propet Women's SIZE 7 W Beige Suede Leather Washable Walker No Insoles Included , Womens shape Shoe Breathable Casual platform Shoes Sport Running Fahion Sneakers , Fitflop FRINGEY SNEAKERLOAFER Dark Cherry Patent Leather Loafer Sz 7.5 8.5 NIB , Women's g by guess combat boots Boots , Drew Women's Lisbon Brown Nubuck Combo Slip-Resistant (Non-Skid) , Penny Loves Kenny Women's Aper Fur Bow Tied Boot White Polyurethane/Faux Fur ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
D54M6B-00046-C1000 Boat Geox Womens WJAMILAH2FIT7 Boat Shoe 38 (US WJAMILAH2FIT7 8) 8) M 65da0a5 Flats
1020726
5448928
6416113
6498434
7886158
13887397
14288868
15605870
17238774
Powered by WordPress.com VIP.