The Buzz
All markets and investing news all the time

FILA Memory Sneaker Xridge FILA Womens Size 7 Grey Running localjoes-27312 Athletic Sneaker Shoes IP-434 f434c37




Item specifics

Condition:
Pre-owned: An item that has been used or worn previously. See the seller’s listing for full details and ... Read moreabout the condition
Brand: FILA
Color: Gray US Shoe Size (Women's): US 7
EUR Shoe Size (Women's): EUR 38 Width: Medium (B, M)
UPC: Does not apply

FILA Memory Sneaker Xridge FILA Womens Size 7 Grey Running localjoes-27312 Athletic Sneaker Shoes IP-434 f434c37 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
FILA Memory Sneaker Xridge FILA Womens Size 7 Grey Running localjoes-27312 Athletic Sneaker Shoes IP-434 f434c37
FILA Memory Sneaker Xridge FILA Womens Size 7 Grey Running localjoes-27312 Athletic Sneaker Shoes IP-434 f434c37 - 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%.

FILA Memory Sneaker Xridge FILA Womens Size 7 Grey Running localjoes-27312 Athletic Sneaker Shoes IP-434 f434c37

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
FILA Memory Sneaker Xridge FILA Womens Size 7 Grey Running localjoes-27312 Athletic Sneaker Shoes IP-434 f434c37 - hollisbaker.com
About This Author
FILA Memory Sneaker Xridge FILA Womens Size 7 Grey Running localjoes-27312 Athletic Sneaker Shoes IP-434 f434c37 - 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
 
Outdoor Womens Platform Breathable Mesh Sneakers Comfort Nurse Shoes Size 4-10 CWomens Sneakers Platform Mesh Mid Heels Creepers Tennis Causal Shoes Slip on NEW , Nike Lunarglide 7 Flash Running Shoes 803567-001 women's size 10.5 , Women Flats Sneakers Shoes Mesh Flowers Breathable Outdoor Casual Sports jufengUnisex womens mens Steel Toe Safety work Shoes welding Protection Ankle bootsWomens Vogue Black Sneakers Pumps Slip on w7 Shoes Running Athletic Wedge Sports , Women Breathable Fitness Dancing Shoes Fashion Sneakers Flats Comfortable TravelWomen's Nike FS Lite Run 3 Print Green Running Shoes Size 7NIKE TRAINING FLEX TR 6 Black Shoes Women’s Size 6.5 W2019 Women Fashion Steel Toe Sports Boots Shoes Breathable Work Safety Shoes , BASKETS NIKE ZOOM FIT AGILITY JAUNES P. 39 -/ OCCASION EN TRES BON ETATNew Arrival Women Platform Shoes Lady's Poly Urethane Shoes Wedge Heel SneakersCONVERSE Chuck Taylor All Star Low Tops Red Women's Ladies Size 5Vionic Women's Walker Shoes - White/Blue - Size 8.5 BRyka Hailee SMT Sneaker - Women's Size 7M Navy , Womens size 9.5 Nike Air Max 90 Ultra Essential tennis shoes with box , Adidas Kanadia TR 7 Size 7.5 Womens Pink Purple Trail Running Shoe , Zhou8 Womens Wedge Heels Canvas High Top Platform Sneakers Sandal Open Toe Shoes , NIKE Air Max Motion LW Women's Sz 7 Green Jade Athletic Running Shoes F2-110 , Womens Flats Pumps Round Toe Shoes Casual Sports Sneakers Driving Loafers A3848 , NEW! Skechers Women's GO STEP Walking Shoes Black J z , Hoka One One Bondi 4 Women's Running Shoes - Blue - Sz 9.5Converse All Star Teal Canvas Black Studded High Casual Fashion Sport Women 7 , PUMA Ladies' Cell Riaze Athletic ShoesWomen's Sneakers Sport Breathable Casual Running Outdoors Shoes Athletic Shoes , Montrail XCR With Gortex Athletic Trail Running Shoes Womens Size 8Womens Athletic Sports Shoes Outdoors Fashion Breathable Casual Running SneakersNike Rival S Racing Spirit Cleats Women's Size 9.5 Yellow & White Light weightNew w/ Box! Women's PUMA 189213-01 Carson Runner Knit Running Shoes - Blk/Wht Z3 ,
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 Ann Taylor Womens Size 9M Knee High Boots Zip BlackReport Gemi Zip Up Over The Knee Boots 187, Dark Brown, 7.5 USChooka Womens Flex Fit Elastic WIDE CALF Rubber Closed Toe, Pebble, Size 5.0 SN2Roper Women's Brown Glitter Underlay Square Toe Distressed Mid-Calf Cowboy Boot$160 ATTIMO Black Leather Designer Ankle Strap Ballet Flats US 6 , Ariat Women's Fatbaby All Weather Western Cowboy Boot Palm Brown/Camo Neop 6.5 , Anne Michelle Vegan Suede Beaded Trim Pointy Toe Stiletto Booties , WOMEN'S TONY LAMA BLACK LEATHER FANCY WESTERN COWBOY BOOTS SZ 7 BNew Catherine Catherine Malandrino Melky Floral Bootie women's bootsSam Edelman 2011 Women's Sara Gold Capped Leopard Knit Pattern Flats Size 6 NewJSport by Jambu Women's Sideline Encore Flat White/Navy 7 M USStella McCartney Black Platform Loafers Shoes UK8 EU41 Flats Perfect GiftCHRISTIAN LOUBOUTIN MULTI-COLOR PYTHON FLAT LOAFERS 39NIB TTory Burch Hurachee Woven Leather Ballet Flats Shoes WHITE 10.5 M , saint laurent sneakers YSL 39.5 Size 9 , Sperry Top-Sider Women's Sunset Ella Nubuck Moccasin - Choose SZ/ColorTORY BURCH Woman’s Lonnie Flat Espadrille Canvas NAVY BLUE SZ 8 NIBK-Swiss Express LTR HB women's tennis shoes sports shoes sneakersStep on Air Santo Silver LoaferStubbs Wootton Navy Blue Velvet Insignia Flats Loafers Slippers Size 9ECCO Sneak Zip Women's Dark Shadow Moon Rock Low Cut Sneakers 10 - 10.5 M , adidas B96490 Womens Questar X BYD Running Shoe- Choose SZ/Color. , BROOKS Ghost 11 Womens Running Shoe Sneaker Pink/ Black Size 11 WIDE , G by GUESS Citti Slip-On Sneakers, Light Gray, 10 US , Skechers Performance Women's Go Step Lite-14750 Walking Shoe,Black,11 M USWOMEN BLUE NIKE SHOX RUNNING ATHLETIC SHOE SIZE 9.5Women's Henry Ferrera Short Rain Boots BootsGrey Bass Womens Boot- Bess Sz 8 , Buffalo Reed Boot Women Booties Boots deco-closure leather lightweight comfy NEWMinnetonka, Womens MOCCASINS, Storm Blue 285
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
FILA Memory Sneaker Xridge FILA Womens Size 7 Grey Running localjoes-27312 Athletic Sneaker Shoes IP-434 f434c37 Athletic Shoes
1916023
2779775
3093215
4291861
8055882
10945093
11965854
16748245
17673567
Powered by WordPress.com VIP.