The Buzz
All markets and investing news all the time

Women's Mens Sneakers Casual Sports Athletic Running Trainers Trainers Fashion Shoes Size Shoes Size 8dbe8c9

Item specifics

New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Brand: Unbranded
Heel Height: Flat (0 to 1/2 in.) US Shoe Size (Women's): 5
Pattern: Camouflage Style: Running, Cross Training
Product Line: Trainer Width: Medium (B, M)
Fastening: Lace Up Material: Cotton
Country/Region of Manufacture: China

Women's Mens Sneakers Casual Sports Athletic Running Trainers Trainers Fashion Shoes Size Shoes Size 8dbe8c9 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Women's Mens Sneakers Casual Sports Athletic Running Trainers Trainers Fashion Shoes Size Shoes Size 8dbe8c9
Women's Mens Sneakers Casual Sports Athletic Running Trainers Trainers Fashion Shoes Size Shoes Size 8dbe8c9 -

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%.

Women's Mens Sneakers Casual Sports Athletic Running Trainers Trainers Fashion Shoes Size Shoes Size 8dbe8c9

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Women's Mens Sneakers Casual Sports Athletic Running Trainers Trainers Fashion Shoes Size Shoes Size 8dbe8c9 -
About This Author
Women's Mens Sneakers Casual Sports Athletic Running Trainers Trainers Fashion Shoes Size Shoes Size 8dbe8c9 -
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
2018 NEW RUNNING TRAINERS WOMEN'S WALKING SHOCK ABSORBING SPORTS SHOESWomens Platform Hidden Wedge Trainer Slip On Loafers Casual Sneaker Sport ShoesNEW PABOLU RUNNING TRAINERS WOMEN'S WALKING SHOCK ABSORBING SPORTS SHOES 1208#2017 Woman Men's Flats Buckle Ankle Boots Casual Sneakers Athletic Loafers Shoes , Retro Women's Wedge Sneakers Embroidered Shoes Chinese Platform Pull On Loafers , Hot Women's Breathable Mesh Sport Casual Shoes Outdoor Athletic Running Sneakers , Ryka Women's Size 7M Walking Shoes Athletic Sneakers Red/BlackSpell Women Flats Slip on Loafers Driving Low Heels Pumps White Running Shoes , Women Mesh Breathable Fashion Sneakers Athletic Wedge Heel Sport Shoes Summer xiNEW FASHION WOMEN'S WALKING SHOES SPORTS CASUAL SHOES BREATHABLE MESH SHOES , Women's Fashion High Top Sneakers Casual Athletic Running Walking Sports Shoes , Women Sports Shoes Outdoor Sneakers Running Casual Athletic Walking Breathable , The North Face driving mocs Suede Leather Shoe sneaker Womens 8.5 Elastic SliponSkechers Womens Go Vulcanized Strand Basic Sneaker Shoes, White, US 10Women's Height Increasing Toning Canvas Swing Shoes Slip On Wedges Trainers , Womens New Breathable Flying Weaving Shoes Running Casual Flat Mesh Sports size , Womens ASICS GEL BLUR33 Gray Yellow Running Shoes Size 7.5 T1H8NLot Womens Sketchers 7.5, Two Pair One PriceWomen's Fashion Breathable Wedge Heels Sneakers Summer F Sports Casual Shoes New , 2017 the latest south Korean popular women fashion breathable women casual shoes , Women's High Top Rivet Casual Trainers Boots Mid Wedge Heels Sneakers Shoes NewWomens Canvas Buckle Hidden Mid Wedge Heel Casual Athletics Sports Sneakers SizeCONVERSE ONE STAR WOMEN'S Perforated Ivory faux Leather Sneaker SZ 9~CLEAN , Women Outdoor Sports Shoes Fashion Breathable F Casual Sneakers Running Shoes ChNew Balance 577 Running Shoes, #WX577KM, Gray/Silver/Pink, Womens US 10 Wide , Fashion Animal Pet Shoes Women Mesh Casual Shoes Slip On Breathable Running Shoe , NIKE MAX DYNASTY PINK SNEAKERS SIZE 5.5 , Womens Embroidery Floral Canvas Sneakers Fashion Hidden Heel Boat Shoes SportWomen's Fashion Breathable Sneakers Casual Athletic Running Walking Sports Shoes
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 Report Explorer Fashion Winter BootsNATURAL SOUL Women's Tracy Ankle Boot, Brown, 8 M USWomens Low Heel Chelsea Ladies Flat Block Heel Pixie Ankle Boots Shoes Size , Bass Womans Boots Size 7 Natalie Brown Brogue Belted Ankle BootiesCat by Caterpillar Women's Janel Ankle Boots Warmed 9 M,Bottines SAN MARINA Paris Daim Velours Beige T 37 TBEBANANA REPUBLIC Tegan Black Genuine Leather Knee High BOOTS Wedge Heel Size 8.5 , Black long 1"Platform Over Knee Sexy Boots Size 8Ladies Womens Thigh High Over The Knee Boots Heels Pointed Toe Party Shoes SizeNew Chinese Laundry Fawn Brown Women's Knee High Boots Size 8.5 , Free People Womens Fairfax Heel Boots Tan Size 37 NewStella McCartney Womens Boots Size 37 7 Black Vegan Patent Leather Knee High , New White Mountain Womens Wm Callaway Red Fashion Boots Size 7.5Sperry Top Sider Women Boots LANGLEY, Linen, Size 6 , Miz Mooz Leather Wedge Sandals - Kona Black 39((8.5-9) , Merrell Women's Women's Brown Suede Boots Size US.8/ UK.5.5New Jessica Simpson OLIVIE Leather Fashion-Ankle Women Boots Sz6.5 (MSRP $140)mFerragamo Women's Black Suede Loafers 7 M , Women's Bronx Tan Suede Fringed Knee Boots US Sz 6 Very Clean Xcellent shape!Zara Basic Black Leather Platform Block Heel Ankle Boots Size 40 10Johnathan Kayne Women's AustriaFlexus CONTESSA-B - CONTESSA Size: - Color: , TORY BURCH Max Espadrille Slide Mule Shoes 7 M Dust Storm Suede NEW RETAIL $198 , Nice & Comfy Kuru Vienna Slip On Ballet Flats , Skechers Black White Shape Up Shoes Womens Size 7.5 Walking Athletic Sneakers , Dansko Womens Hazel Fashion Sneaker- Pick SZ/Color.ECCO Womens Jiri Low Top Bungee Walking Shoesadidas Originals Womens Flashback Fashion Sneakers- Select SZ/Color.Mark Nason Los Angeles Women's Diller Fashion Sneaker GoldSantana Canada Womens Majesta2 Short Boot Grey Leather Slip-Resistant (Non-Skid)
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Women's Mens Sneakers Casual Sports Athletic Running Trainers Trainers Fashion Shoes Size Shoes Size 8dbe8c9 Athletic Shoes
Powered by VIP.