The Buzz
All markets and investing news all the time

Nike Women's Sneakers Sz 24712 6 M White Cushioned Cushioned Split Sole Dance Shoes Stability Sneakers c0ae074

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: Solid
Color: White Country/Region of Manufacture: China
Material: Leather Width: Medium (B, M)
Brand: Nike Style: Tennis
Fastening: Lace Up US Shoe Size (Women's): 6
Type: Sneakers

Nike Women's Sneakers Sz 24712 6 M White Cushioned Cushioned Split Sole Dance Shoes Stability Sneakers c0ae074 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Nike Women's Sneakers Sz 24712 6 M White Cushioned Cushioned Split Sole Dance Shoes Stability Sneakers c0ae074
Nike Women's Sneakers Sz 24712 6 M White Cushioned Cushioned Split Sole Dance Shoes Stability Sneakers c0ae074 -

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 Sneakers Sz 24712 6 M White Cushioned Cushioned Split Sole Dance Shoes Stability Sneakers c0ae074

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Nike Women's Sneakers Sz 24712 6 M White Cushioned Cushioned Split Sole Dance Shoes Stability Sneakers c0ae074 -
About This Author
Nike Women's Sneakers Sz 24712 6 M White Cushioned Cushioned Split Sole Dance Shoes Stability Sneakers c0ae074 -
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
**Skechers Go Step Lite Flats, Women's Size 7, BlackConverse CT Double Tongue Ox Casual Shoes Junior Size 6 Pink Sapphire EUC , New Balance 450 Women WA450PLA Athletic Sneakers White/Gray Shoes Size 6.5 #R2Nike 396044-044 Free 7.0 Womens Size 8.5 Grey And Teal Athletic ShoesClarks Unstructured Loafers Slip Ons Woman size 6 M Brown , Salomon Womens Thinsulate Contagrip Beige Slip On Shoes All Terrain Hiking 5.5 , HARROW Sneak Indoor Court Squash Badminton Tennis White Shoe Women 5 , OSIRIS SLM MID Womens Girls Shoes Blue Pink Purple Color NYC 83 SLM 10Casual Trainers Breathable Knitting Running Sport Womens Athletic Shoes SneakerRyka 10M Influence Low silver pink cross womens ladies running tennis shoes , Dr Scholls Jenne Womens Grey Canvas Fashion Comfort Sneakers Shoes : Size 6 , Women Round Toe Platform Hidden Wedge Casual Muffin Loafers Pump Shoes Black A39 , New Balance Woman's Running Sneakers Size 10 All Terrain 411 Athletic ShoesNew Womens High-Top Canvas bucklet Platform Sneakers Trainers Shoes FashionDek Womens/Ladies Moon Touch Fastening Joggers (DF931) , PUMA Womens Gray Roma Shoes Basic Trainers Suede Size 8 US , Zoo York Women's Casual Skate Shoes 93 Sz 9 LibertyAsics Gel Enhance Running Training Womens Size 10 M Pink Gray Athletic ShoesHot Chic leisure wedges Platform Round Toe Slip on Breathable Women's Shoes W08Superga USA Stars & Stripes Red/White/Blue Canvas Sneakers Womens sz 9wNew! Dr Scholl's Womens Freedom Wide Width Walking Shoes-Size 10W-Black W86 la , Skechers 12807 Encore Womens Size 8.5Saucony Kinvara 2 womens shoes size 8 Purple Yellow running shoes (sh-49) , Saucony Guide 5 Womens Size 11 Running Shoes Gray Pink Athletic SneakersNew Women Wedge Platform Creepy Hidden Heel Sneaker Walk Sport Wedge Shoes Y507 , Brooks Ravenna 5 Sz 11 Running Shoes Purple Mint Green Walking AthleticWomen's Breathable Shoes Casual Sport Mesh Sneakers Trainers Outdoor Running New , MERRELL Continuum Vibram Ultra Sport Blue Mesh Leather Shoes Women's US 8 , ** Fila 5SR20615-428 Lightweight Running Shoes, Women's - Size 6, Navy/Pink ,
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 Womens J. CREW ITALY Ankle Chukka Suede BOOT Shoe FAWN BROWN 6 TAUPE , magnifique paire de bottillons" Jim Diamond" pointure 38 , Laredo 112 Granny Nubuck Western Cowboy Kiltie Roper Boots Womens Size 9 BrownTOWN AND COUNTRY BOOTS TAN SIZE 5 LEATHER COWBOY WESTERN USED , AR35 Dawnn Cowgirl Western Boots, Natural, 6.5 US~ THE MUST HAVE ANKLE BOOTS~ FAUX SUEDE W/SHEARING INSIDES ~ BLACKBCBGMaxazria Franz Leather Riding Boots Black Size 7.5 MSRP $395 see notes✿ STEVE MADDEN Creation Midnight Leather Tall Slouch Boots 8 M NEW! L@@K!40 , Coconuts Womens Jess Fabric Closed Toe Ankle Chelsea Black Multi Size 7.0 , Skechers Womens Adorbs-Nylon Quilted Snow Boot- Select SZ/Color.JOSEF SEIBEL Shoes Black Mary Jane 36 EU /5.5 US European Comfort Flats $140WOMEN'S SHOES SNEAKERS CROCS LINA GRAPHIC FLAT [203793 LEOPARD]ZARA Basic Bottines Cuir Lisse Pointues Modèle Mixte T 41 TBE , Soda Like Tan Boots Size 7 Brand NewEasy Street Womens Darcy Closed Toe Ankle Fashion Boots, Black/Gore, Size 8.0 , Corso Como Hoboken Suede Boot, 8.5Jessica Simpson Women's Mandalaye Ballet Flat Coffee/Tobacco Leather Flats , New In Box Jon Josef Burgundy Velvet with Gold Diamond Thread Flats Size 6Vogue 2018 Runway Womens White Mary Jane Buckle Block High Heels Round Toe Shoes , Hush Puppies Women's Basel Audra Slip-On Loafer,, Charcoal Grey, Size 5.5Auth Dolce & Gabbana Pumps Heeles Shoes Leopard Calf Fur Leather BE369 , Womens Fur Lined Flat Heels Loafter Thicken Snow Boots Colors Winter Warm Shoes , CLARKS Women's Fianna Ellie Slip-On Loafer , NEW - CHARLOTTE OLYMPIA Women's 'KITTY FLATS' Plum VELOUR FLATS SHOES - 6.5-7Kenneth Cole New York Women's Kingcro Triple Hook and Loop Sneaker , ASH "Virgin Star" silver leather high top buckle trainer shoe sneaker head 38 8CONVERSE ALL STAR CTAS Madison OX Hyper Magenta Canvas Sneakers Size 9 New , Boutique 9 Ranford Taupe Leather Round Toe Buckles Detail Low Heel BootsAnne Klein Womens Ideona Ankle Bootie Slingback Cognac Brown Size 8.5 M US , Women's shoes/Simplicity PU Women's LowUpper Work Shoes OL Pointed Toes Bow Occu
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Nike Women's Sneakers Sz 24712 6 M White Cushioned Cushioned Split Sole Dance Shoes Stability Sneakers c0ae074 Athletic Shoes
Powered by VIP.