The Buzz
All markets and investing news all the time

Hush 24705 Puppies Glitter Women's Chaste Shoes Ballet Flat Dark Brown Glitter Suede Slip-on Shoes 61216df




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
Brand: Hush Puppies
Color: Dark Brown Glitter Suede Style: 618175_1873782

Hush 24705 Puppies Glitter Women's Chaste Shoes Ballet Flat Dark Brown Glitter Suede Slip-on Shoes 61216df - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Hush 24705 Puppies Glitter Women's Chaste Shoes Ballet Flat Dark Brown Glitter Suede Slip-on Shoes 61216df
Hush 24705 Puppies Glitter Women's Chaste Shoes Ballet Flat Dark Brown Glitter Suede Slip-on Shoes 61216df - 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%.

Hush 24705 Puppies Glitter Women's Chaste Shoes Ballet Flat Dark Brown Glitter Suede Slip-on Shoes 61216df

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Hush 24705 Puppies Glitter Women's Chaste Shoes Ballet Flat Dark Brown Glitter Suede Slip-on Shoes 61216df - hollisbaker.com
About This Author
Hush 24705 Puppies Glitter Women's Chaste Shoes Ballet Flat Dark Brown Glitter Suede Slip-on Shoes 61216df - 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
 
Academie Gear Women's Spirit White/Navy Oxfords , Demonia Women's Emily 302 Black/White PU Mary JanesPin Up Couture Women's Bettie 05 Navy Blue Patent Leather Slingbacks , Trotters Women's Jenn Alabaster Soft Tumbled Leather Comfort ShoesFlexus by Spring Step Women's Adriana Black Python Leather SlingbacksEasy Works Women's Appreciate Clog White Leather ClogsRockport Women's Cobb Hill Maisy 2 Band Slide Dove Metallic Leather Slides , Saucony Originals Women's Jazz Original Sneaker Pink/Navy Sneakers , Adrienne Vittadini Women's Phil Slingback Sandal Taupe Kidsuede SlingbacksEastland Women's Sunset MLB Boat Shoe Boston Red Sox Canvas Shoes , Sam Edelman Women's Elisa 2 Gladiator Sandal Almond Patent Buckle FasteningFlexus by Spring Step Women's Belamar Olive Nubuck Comfort ShoesED Ellen DeGeneres Women's Solay Slide Dark Love Denim/Leather SlidesWhite Mountain Women's Marvy Black Leather MulesPropet Women's Cicely Bone Full Grain Leather Comfort Shoes , Nomad Women's Yippy Turquoise Monet Water Resistant , Ryka Women's Sky Walk Silver/Blue Mesh Sneakers , Minnetonka Women's Kate Mule Black Leather Mules , Trotters Women's Blizzard III Boot Black Box Synthetic/Rubber Comfort ShoesSteve Madden Women's Teagan Caged Sandal Black Nubuck Buckle Fastening , Skechers Women's GOrun 600 Running Shoe Black/Hot Pink Comfort ShoesTrotters Women's Janna Mocha Soft Kid Classic Shoes , Bernie Mev Women's Gummies Charm Mary Jane Jeans Mary Janes , Flexus by Spring Step Women's Belamar Navy Nubuck Comfort ShoesMinnetonka Women's Kate Mule White Leather Mules , Trotters Women's Lansing Black Soft Nappa Leather Comfort ShoesSpring Step Women's Tender Teal Textile Slip-on ShoesKeds Women's Double Decker Slip-On Black Leather Slip-on Shoes , Trotters Women's Lansing Dark Brown Kid Suede Leather Comfort 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 Women's Nine West Boots Size 6.5 , Soda Women's Soong Faux Fur Lined Boot Beige Size 7.5MNEW WOMENS ASHRO ULTRAVIOLET AND BLACK MYSTERIE FAUX FUR BOOTIES BOOTS SIZE 7.5M , DOC DR MARTENS Yolanda Black Leather Platform Ankle Boots US Women 9 L , Comfy Moda women winter snow black boots size 7NATURALIZER NEW Women's Brown Tanita Faux Fur Lined Boots Shoes 7.5 TEDO , Simply Vera Wang Womens 4.5" Black Faux Fur Buckle Ankle Boots Svolivia Size 10Karen Scott Size 6.5 M Lucca Black Knee High Boots New Womens Shoes , Otot Chetopa Women's Leather Ankle Boot Sz 9.5 US , Salvatore Ferragamo Ivory Leather Flats with Rust Karung Snake Cap Toe 5 1/2 BJohnston & Murphy Size 8.5 Green Corduroy Suede New Womens ShoesFranco Sarto Monument Burgundy Suede Slip On Buckle Ankle Boots 11 NEW , Bare Traps Adalyn Taupe Suede Water Resistant Ankle Boots NEW , CANGURO BY FREEMOOD A028 NABUK-TESSUTO BORDO ankle boots saleMARCO TOZZI Boots Ankle Boot Boots Winter Boots Grey 26822 NEW , Dolce Vita Black Leather Cowan Slip On Loafer Dress Shoes 9 New , NEW $750 Fendi 38.5 Ballerina Skimmer Flat Gold Edition Black , Mally 5964 Navy / Black Stamped Leather / Elastic Oxford Shoes 38 / US 8 , ULTRA RARES CONVERSE T 36 NOIRES ZIP ACIER OR TTTBE A ACH IMM FP RED MOND RWomens Suede Shoes Multicolor Slip ons Loafers Flats Square toe Moccasin Gommino , NEW Leather Womens Pumps Braided Loafer Flats Pull on Comfort Casual Shoes SZNEW KEEP Colonway GUERRA White w/Red Gingham Hi Top Shoes Sz 7 , PUMA Women's Fierce Camo Cross-Trainer Shoe - Choose SZ/Color , Vasque Wave Form Foot Sync 7531 Women's Trail Running/Walking Shoes Size 10.5MWomen's CHAUSSURES REPETTO ZIZI Flats , Women's WEZC LEOPARD PRINT LOAFER Flats , Women's TBS Vespper Black Flats , Womens New Glitter Paillette Round Toe Block Mid Heels Ankle Boots Shoes Size , Sanita Velvet Camouflage Hand Tooled Slip-On Nursing Clogs Women's US 5.5New Balance Women's 786v2 Tennis Shoe - Choose SZ/color ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Hush 24705 Puppies Glitter Women's Chaste Shoes Ballet Flat Dark Brown Glitter Suede Slip-on Shoes 61216df Comfort Shoes
464965
3183583
7205329
8423526
11065386
13592759
14451295
16098507
16466051
Powered by WordPress.com VIP.