The Buzz
All markets and investing news all the time

adidas Run - Lux Clima Clima - Pink - - Womens 9400cc5

Item specifics

New with box: A brand-new, unused, and unworn item (including handmade items) in the original packaging (such as ... Read moreabout the condition
Brand: adidas
Sport: Running MPN: CG5110
Feature: Comfort Width: Medium (B, M)
Closure: Laces Material: Mesh
Shaft Height: Low-Top Color: Pink
Athletic Style: Neutral Features: Comfort
Occasion: Athletic Style: Performance

adidas Run - Lux Clima Clima - Pink - - Womens 9400cc5 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
adidas Run - Lux Clima Clima - Pink - - Womens 9400cc5
adidas Run - Lux Clima Clima - Pink - - Womens 9400cc5 -

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%.

adidas Run - Lux Clima Clima - Pink - - Womens 9400cc5

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
adidas Run - Lux Clima Clima - Pink - - Womens 9400cc5 -
About This Author
adidas Run - Lux Clima Clima - Pink - - Womens 9400cc5 -
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
Adidas NMD_R2 PK W Womens Sneakers BY9954 , ASICS GT-2000 V5 Women's Black/Bay/Diva Pink 7579087 , Adidas Originals Women EQT Racing ADV W Runners CBlack/OWhite BY9798 BRAND NEW , Asics Womens Nimbus 18 Lite-Show Silver Running Shoes 5 Medium (B,M) BHFO 2360 , Vasque Women's Pendulum II Trail Running Shoe, Neutral Gray/Horizon Blue,7 M US , Saucony Womens Freedom ISO Running Shoes Size 10 Blue Citron Athletic S103553 , New Balance minimus running shoes womens 10 B minimalist trail WT10BB black/blue , NEW Nike Streak LT3 men's 7.5 US= womens 9 US racer Racing flats Running Shoes , New Balance Women's 311 Lifestyle Fashion SneakerNIKE Women's Roshe Two Running Shoe , Nike Hyperdunk 2015 Womens Basketball Sneakers Navy Blue Shoes 6.5 High Top New[CQ2825] New Womens Adidas Originals Superstar Bold W Sneaker - Blue WhitePuma King Finale I FG New Navy/White-Team Orange 102205 05 Women'sVionic Women's Syra Leather W/ Gold Trim Casual Sneaker White 7 M , Adidas Womens Size 10 Alphabounce CR Athletic Running White Shoes New , Merrell Women's Applaud Mesh Slide Hiking Shoe - Choose SZ/Color , WMNS Nike Air Jordan 1 Retro Low SZ 8 Metallic Bronze AO1334-901 NO BOX TOPPuma Fierce Rope Velvet Training Women's Shoes , Converse Leather Hi Deep Bordeaux Sneakers Size 5 Womens , PUMA RIHANNA THE TRAINER HI BY FENTY WOMEN'S BLACK ATHLETIC KICKS SHOES $190 , GEOX J KILWI Womens shoes J82D5H-007DW-C8011Nike Wmns Hakata Running Womens Shoes Black White Grey AJ8880-003[BS8352] Womens Reebok Crossfit Nano 7Dr Comfort 3950 Blue Women Athetic Refresh Size 7.5 W New With InsertsSaucony Triumph Iso 3 Running Women's ShoesAir Jordan 3 Retro GG III AJ3 Dark Purple Dust Pink Kid Youth Shoes 441140-506 , Nike Air Force 1 Upstep 35 Glass Slipper Women's Sz 10 Palest Purple AF1 NSW NEW , NIB Anthropologie KEDS RIFLE PAPER CO. (9.5) Lively Floral Sneakers$180 Asics Gel Quantum 360 Knit Running Shoe in Birch/Cream/Ice Green Women's 10
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 JOE Fresh Women's Tall Rain Boots Size 7 Black Side Buckle , Mossimo Supply Co Black Knee High Bootsw/ Zippers Buckles - Size 7.5 - EUCWomens Size 5 Unbranded Red Western Cowboy Boots , High Block Heels Bowknot Womens Ankle Boots Side Zipper Autumn Casual ShoesSesto Meucci Black Leather Zip Knee High Riding Boots Size 8 N Made in Italy , Arizona Paisley Bootie Black Side Zipper Size 7.5M , Rangoni Designer Collection Leather Tall Riding Boots Size 9.5 Knee High Italy , Dolce By Mojo Moxy Renegade Black Tall Riding Boot Size 8 New In Box NIBMadden Girl Women's Groupie Over The Knee Boot, Black Fabric, Size 9.5 Zo5c , Tory Burch Heidi Ballet Flat Logo Reva Leather Ballerina Shoe Metallic 9.5 , Mephisto Air Relax Womens Size 8 Black Slip-On Leopard Print Ballet Flats Shoes , ECCO Womens Touch Ballerina 2.0 Perforated Ballet Flat - Choose SZ/ColorSam Edelman Women's Rodney Ballet Flat , STUBBS & WOOTTON Palm Beach for J Crew Linen Life Saver FLATS Size 7.5 , Dr Martens T Strap Mary Jane Black Leather Women / US 7 Made in EnglandNIB RED VALENTINO Black with Black Dots Mesh Ankle Strap Flats Shoes Size 8/38Valentino Garavani Pink Suede Crisscross Ankle Ballet Flats, Size 39.5/ 9 US , Jslides - Alara Slip-On Sneakers - Soft Pink , NIB TORY BURCH PERFORATED LOGO FLAT ESPADRILLE SHOE SIZE 7.5 Poppy Red , Women's New Balance 665 Pink & Gray Training Workout Shoes Sneaker US8 UK6 EUR39 , New Women Round Toe Slip On Flat Rivet Loafer Flat Casual Shoe Rhinestone ChicSkechers Women's Bikers Pedestrian Memory Foam Slip-On Moccasin 7½ , Eastland Women's Castine Camp Moc Toeadidas Duramo 8 - White - Womens , Women's IRON FIST STARLIGHT FUGLY BOOT Boots , Naturalizer Women's Mattie Mule Tan Snake Microfiber Fabric Mules , Dr. Scholl's Women's Kinney Flatform Black Metallic Polyurethane Comfort ShoesSofft Brand Womens Shoes Size 10 Brown Leather Small Heel Pointed Toe A54ASICS Women's GT-2000 3 Running Shoe - Choose SZ/Color , Womens Fila Disruptor II Premium Repeat Yellow Size 9 5FM00079-743
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
adidas Run - Lux Clima Clima - Pink - - Womens 9400cc5 Athletic Shoes
Powered by VIP.