The Buzz
All markets and investing news all the time

Nike Women's Air Zoom Pegasus Running Pegasus 33 Purple localjoes-22425 Smoke/White Running Shoe 6 Women US f7fb7cf




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
Color: Purple Smoke/White
MPN: 831356 Size: 6 B(M) US
Style: Purple Smoke/White Brand: NIKE
US Shoe Size (Women's): 6 B(M) US UPC: Does not apply

Nike Women's Air Zoom Pegasus Running Pegasus 33 Purple localjoes-22425 Smoke/White Running Shoe 6 Women US f7fb7cf - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Nike Women's Air Zoom Pegasus Running Pegasus 33 Purple localjoes-22425 Smoke/White Running Shoe 6 Women US f7fb7cf
Nike Women's Air Zoom Pegasus Running Pegasus 33 Purple localjoes-22425 Smoke/White Running Shoe 6 Women US f7fb7cf - 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%.

Nike Women's Air Zoom Pegasus Running Pegasus 33 Purple localjoes-22425 Smoke/White Running Shoe 6 Women US f7fb7cf

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Nike Women's Air Zoom Pegasus Running Pegasus 33 Purple localjoes-22425 Smoke/White Running Shoe 6 Women US f7fb7cf - hollisbaker.com
About This Author
Nike Women's Air Zoom Pegasus Running Pegasus 33 Purple localjoes-22425 Smoke/White Running Shoe 6 Women US f7fb7cf - 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
 
NEW Salomon Women's Size 8.5M X Ultra Prime CS Arctic Waterproof Hiking Shoes , 2Star Gold IT Shoes Women's 40 Low-Top SilverNIKE Women's in-Season TR 6 Cross Training Shoe , 2Star Gold IT Shoes Women's 39 Low-Top Silver , Nike Womens Dual Fusion TR 3 Print Running Trainers 704941 011 Sneakers ShoesNew Women's BlingBling Wedge High Heel Trainers Shoes Air Pull On Crepper Shoes , PUMA Womens Vikky Platform- Select SZ/Color. , 2Star Gold IT Shoes Women's Smooth Leather 38 Low-Top Beige , Nike Women's Air Max Thea Print Blue Spark/Blue Spark/Green Abyss/Green GlowNEW! Nike WMNS Air Max 90 Ultra Breathe Sz 9 725061 100 ()Unisex Converse Chuck Taylor CT ox Hi - 145643C - Converse White Trainers2Star Gold IT Shoes Women's 40 Low-Top Rose , 3Colors Womens Stylish Leather Sneakers Bling Bling Platform Wedge Ankle BootsNIKE MERCURIAL VICTORY VI DYNAMIC FIT FG ID GREY/GOLD SZ WOMEN'S 8 [AJ7650-991] , Womens Skechers Synergy 2.0 Mirror Image Lightweight Walking Trainers , Saucony ISO Everun, Running, Blue/PInk,Women's US 9 Eur 40.5,(E4,1) , Shoes Breathable Tennis Sneakers Table Tennis Shoes Anti Slip Volleyball ShoesPuma Sky II Hi SF Texture Puma White/Puma Black Women's 362872 02 SZ 9NEW BALANCE Womens 'Vazee Pace V2' Purple Glow In The Dark Running Sneakers NEW!NEW NIKE WOMENS Black Sail Roshe Version 1 844994 002 size 8.5 40 EURVans Authentic Platform 2.0 Black White Womens Canvas Trainers , Womens Python Leather Chic Sneakers Sport Ankle Boots Platform Loafers Shoes @BWomen Genuine Leather Fashion Sneaker Platform Wedge Ankle Boots Flower TrainersWomens Rhinestone strappyleather Punk Hot Sneakers hidden heels high top shoes , New Balance 580 Black Patent Leather WRT580MT Women's SZ 7Puma Ignite Limitless Metal - Beige - Womens , Skechers Flex Appeal 2.0 Bold Move Trainers Womens Memory Foam Sports Shoes , Sperry Top-Sider Women's Pier View CoreNew Womens Reebok CLUB C 85 MELTED METAL BS7901 GOLD / WHITE US 5.5 - 9.0 TAKSE
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 Steve Madden Women's Distressed P-Hide Brown Leather Western Boots Sz.6.5M , L4L by Lust for Life Womens Andie Black Over-The-Knee Boots 8 Medium (B,M) 9155Women's Chic Fringe Stacked Heel Round Toe Ankle Dress Boots in Black Brown Tan , Womens Black Leather •DINGO• Side Zip Mid Calf Cowboy Boots, Sz. 8.5 , ROCK & CANDY Womens Spraypaint-T Closed Toe Ankle Fashion Boots TAUFX Size 8.5 , Martina & Peter H Wani leather Cuff ankle boots w/ Sequins Sz 38 US Sz 8 SPAIN , Fergie Women's Danica Knee High Boot Black Size 8.0 , CLARKS Women's Everlay Luna Slip-On Loafer, Black Leather, 9.5 W USBernie Mev. Bella Me Black Lurex Metallic Women's Casual Slip On Cap Toe FlatsDonald J Pliner Bronze Metallic Leather Knee-High Stiletto Kitten Heel Boots 8.5La Sportiva Trango TRK GTX Women's Greenbay Hiking Boot 10M$445 Anyi Lu Black Delia Bicolor Bow Pointy Toe Flats Ballet Ballerina Shoe 38-8NEW WOMEN'S 8 J CREW ACADEMY LOAFERS IN METALLIC GOLD LEATHER SLIP ON SHOESUNIF Don’t Trip Low Tie Dye Sneakers Women’s Size 9.5 RARE , DANSKO Mavis Clog Slip on Shoes Milled Nubuck Brown NEW $145 , Womens Walking Cradles Shoes W93704 Hayden Bark Narrow Width Comfort $135 RetailCalvin Klein Dayo Oxford Flats 081, Dark Silver, 10 USRobert Zur Driving Loafers Moccasins Shoes 6.5 Brown Woven Glove Leather , Marc Jacobs Womens Blac Cabouchon Velvet Fabric Closed Toe Black Size 6.0Carlos by Carlos Santana Women's Sydney Gladiator Sandal , Propet Mary Jane - Active - Women's Black - 8 Xx-wide , Nike Women's Air Huarache Run Running Shoe , Aquatalia Aida Platform Sneaker Suede Leather Black Sliver Embossed Sz 6.5 $375Customized Dog Print Sneakers For Women(White)-Designed By Andrea Frey-Express SPUMA Womens Fierce Quilted Cross-Trainer Shoe- Select SZ/Color.Womens Mesh Hollow Out Embroidery Sneakers Wedge Platform Creepers Shoes SIZEWomen's Performfit Athletic Shoes Athletic Shoes , Womens FOREVER Thigh Stiletto Boots FETISH Party Victorian Witch BLACK 7.5 KinkyDr. Martens Doc Womens Mary Janes Size 7 Shoes Air WalkClarks Originals Women's Trigenic Evo Trainers - Light Pink Suede
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Nike Women's Air Zoom Pegasus Running Pegasus 33 Purple localjoes-22425 Smoke/White Running Shoe 6 Women US f7fb7cf Athletic Shoes
1971521
2612911
5889376
7436252
12676952
13908680
14895695
17422455
18209471
Powered by WordPress.com VIP.