The Buzz
All markets and investing news all the time

New Shoes Cool localjoes-27230 SKULL Fashion Women's Canvas Sneakers Shoes High Top Casual Sneakers Lady Shoes 04b919e




Item specifics

Condition:
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: FOR U DESIGNS
Pattern: Skull Style: Running, Cross Training
Fastening: Lace Up Width: Medium (B, M)
Country/Region of Manufacture: China Material: Canvas
Gender: Women Heel Height: Flat (0 to 1/2 in.)
Boot Type: Ankle Color: Multi-Color
Type: Sneakers Heel Type: Flat with

New Shoes Cool localjoes-27230 SKULL Fashion Women's Canvas Sneakers Shoes High Top Casual Sneakers Lady Shoes 04b919e - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
New Shoes Cool localjoes-27230 SKULL Fashion Women's Canvas Sneakers Shoes High Top Casual Sneakers Lady Shoes 04b919e
New Shoes Cool localjoes-27230 SKULL Fashion Women's Canvas Sneakers Shoes High Top Casual Sneakers Lady Shoes 04b919e - 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%.

New Shoes Cool localjoes-27230 SKULL Fashion Women's Canvas Sneakers Shoes High Top Casual Sneakers Lady Shoes 04b919e

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
New Shoes Cool localjoes-27230 SKULL Fashion Women's Canvas Sneakers Shoes High Top Casual Sneakers Lady Shoes 04b919e - hollisbaker.com
About This Author
New Shoes Cool localjoes-27230 SKULL Fashion Women's Canvas Sneakers Shoes High Top Casual Sneakers Lady Shoes 04b919e - 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
 
NIKE JORDAN ACE 23 Size 7Y / Mens 7/ Womens 8.5 555388-001DEK Ascend Unisex Trail Boots Mens Womens Synth. Leather Trek Walking Trainers , New Balance 574 Gray and White Sneakers size 10 , BROOKS Adrenaline GTS 12 Womens 7 M Running Sneaker Shoe Blue Gray White Walking , Foot Petals Womens Brooke Low Top Slip On Fashion SneakersNike Flex Bright Mango Women's Running Shoes size 9Saucony Womens Size 8.5 Cohesion 9 | Running Walking Shoes Purple Gray CoralAdidas Run Cool Womens Running Athletic Shoes Dark Gray/purple Size 8.5 , Nike Air Max 90 Shoe 325213-044) RIVER ROCK/SIREN RED Sz7 used no box , Women’s Purple, Gray Asics Gel Forte Athletic Running Shoes Size 8Womens Summer Mixed Mesh Hollow Hidden Heels Sneakers Casual Trainers Shoes D992Sketchers Shape Ups Size 8 Gray Leather Fitness Workout Walking Shoes , Women Fashion Colorful Creeper Shoes Hi Tops Ankle Pumps Platform Walking Shoe , Womens PUMA Sneakers New Retail $59.99 , Nike Lunar MTRLT Running Shoes Sneakers Women Size 10.5 Great ConditionASICS GEL NIMBUS 16 WOMEN'S ATHLETIC RUNNING SHOES SIZE 7 WHITE PURPLE T485N , Nike Ladies Womens Gray Orange Red Sneakers Running Shoes Size 6.5NIKE running barefoot ride 5.0 worn few times , Brooks™ Adrenaline GTS 12 Women Sz 9 tennis shoes Running Walking Shoes , Keds women fuse shoes size 8.5New Balance Pink Gray Athletic Shoes Cush 715 Womens Size 10BWomens Girls Running Breathable Sports Athletic Sneakers Driving shoes SizeNIKE WOMEN'S DUNK SKY HI 2.0 BREATH WHITE/TEAL SHOES 725069 101 SZ 8Puma Leadcat Leather - Pink - Womens , Skechers Womens 11798 White/SilverLeather Walking Shoes Size 8.5 (423094)NEW! Propet Womens Sz.8 Vista Walker W3910 TaupeDR WEIL Black Leather Suede Walking Sneakers Shoes Women's Size 6.5 MNike Stamina Cheer-leading Shoe's Women's size 8.5 Black Swoosh Logo , Skechers Women's Bright Idea -Good Start,Sneakers NAT Natural Med. Slip-On ,
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 Women's Bass Raimy Size 6M Mid Calf Boots Brown Leather Zip Up Calf Stretch R12New Women Liliana Riva-17 Mixed Media Peep Toe Perforated Stiletto Ankle Bootie , WOMENS LADIES BOOTS SPRING SHOES SLIP ON Loafers with Studs , Steve Madden Brisk Stretch Ankle Booties 017, Blush, 6.5 US , Rialto Pasadena Bootie - Women's Size 7 M, Black7.5M Via Spiga Brown Leather Women's Wedge Heel Booties 2" Wedge HeelMADDEN GIRL KLOE FAUX BROWN LEATHER ZIP ANKLE BOOTS 8.5 M HARNESS BUCKLE NEW , Sarto Franco Knee High Black Boots Size 6.5 , Orthofeet Shenandoah Adjustable Strap Leather Boot No Insole Size: 11 XWideMadden Girl Womens Destroy Almond Toe Ankle Fashion Boots Olive Size 11.0 0C2G , Arnaldo Toscani 1097801_NERO boots Women's - colour Black US , Cliffs by White Mountain Fernanda Women's Knee High Boots Size 6.5 Color Grey. , Women Stiletto Heels Ankle Boots Pointy Toe Buckle Strap Pull on Casual ShoesVince Camuto Womens vaniesha Closed Toe Ankle Fashion Boots, Black, Size 7.0 AJ92 Fornarina Ankle Sneaker Boots Wedge 7.5/ 38Wangler Red Leather Pull Up Cowboy Cowgirl Western Fringe Boots Womens Size 6 M , Kenneth Cole New York Women's Bowan 2 Slip-on Loafer - Choose SZ/Color , Eastland Women's Open Road Shoe - Choose SZ/Color , OluKai Nohea Nubuck Black Tan Women's Casual Loafers 20174-4834Sperry Top-Sider for J.Crew Size 8.5 Authentic Original 2Eye Metallic Boat Shoes , roger vivier Bal Quadrata Trompette Flat Shoes Sz 36.5New Nike Free Flyknit Sneakers Women's Hyperfeel Running Trail ShoesWomen's Sports Shoes Slip On Athletic Girls Shoes Spring Casual Running Shoes , British Men's Slip On Rivet Korean Casual Pumps Shoes Slip On Leisure Loafers , Mephisto TOMASIA Womens Tomasia Oxford- Choose SZ/Color.crocs DuetBusyDay 2.0 Satya A-line Womens Duet BusyDay A-Line Fashion , Women's Therafit Women's Sienna Athletic ShoesWomen's Saucony Women's Ride 10 Running-Shoes Athletic ShoesWomen's Liz Claiborne 8.5 Boots Boots , Shoes adidas Eqt Support Adv W Grey Women CQ2253 ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
New Shoes Cool localjoes-27230 SKULL Fashion Women's Canvas Sneakers Shoes High Top Casual Sneakers Lady Shoes 04b919e Athletic Shoes
1595781
3970383
5171346
9424346
11899483
12605877
13394368
14081632
18875159
Powered by WordPress.com VIP.