The Buzz
All markets and investing news all the time

Rhinestone Faux Suede 23901 Stiletto Platform Heels Pump Rhinestone Heels 30164fe




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
Style: Shoes
Brand: Fourever Funky

Rhinestone Faux Suede 23901 Stiletto Platform Heels Pump Rhinestone Heels 30164fe - momosaddison.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Rhinestone Faux Suede 23901 Stiletto Platform Heels Pump Rhinestone Heels 30164fe
Rhinestone Faux Suede 23901 Stiletto Platform Heels Pump Rhinestone Heels 30164fe - momosaddison.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%.

Rhinestone Faux Suede 23901 Stiletto Platform Heels Pump Rhinestone Heels 30164fe

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Rhinestone Faux Suede 23901 Stiletto Platform Heels Pump Rhinestone Heels 30164fe - momosaddison.com
About This Author
Rhinestone Faux Suede 23901 Stiletto Platform Heels Pump Rhinestone Heels 30164fe - momosaddison.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
 
Ladies Spot On Ankle Boots F50313WOMENS LADIES KNEE HIGH ASOS ZIP UP STILETTO HEEL CORSET STYLE BOOT SHOES SIZE , Ladies Spot On Circle Print Wellington Boots X1140 The Style ~ KLadies Spot On Ankle Boots F50354 , Ladies Spot On Ankle Boots The Style - F50274 , Ladies Spot On Boots Label F5R0125 , Ladies Spot On Ankle Boots F50315Ladies Spot On Ankle Boots F50353Women Winter Fashion Black Ankle Snow Boots Waterproof Wedge Platform Shoes- 6 , Ladies Spot On Mid Calf Boots 50094 , Ladies Spot On Wellingtons Label HeartAM , WOMENS NEW BOOTS BLACK HEELS ANKLE BOOTIES BOOTS WEDGES LADIES SHOES AU SIZES , Ladies Spot On Ankle Boots GUP22Ladies Leather Collection Pull Up Calf Length Boots The Style - F50694 , Ladies Coco Ankle Boots Label L8626Sbicca Womens Velveteen Ankle Bootie- Pick SZ/Color. , Jeweled Rhinestone Anklet Vegan Suede Platform Wedge Pumps Women'S , Ladies Spot On Ankle Boots F50489 , Ladies Spot On Mid Calf Boots F50323Ladies Spot On Ankle Boots F50351 , Ladies Coco Ankle Boots Style - L8626Ladies Spot On Ankle Boots F50328Spot On F4367 Ladies Black Knee High BootsSpot On Ladies Zip Up Ankle Boots F50360 , Coco L8631 Ladies Ankle Boots Available in 4 Colours SALE , Ladies Spot On Ankle Boots Style - F50315Ladies Spot On Mid Calf Boots Style - F50094 , Ladies Spot On Boots Style - F50189 , Ladies Spot On Ankle Boots Label F50405 ,
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 Ladies Women Denim Ankle Over The Knee Thigh High Boots Stretchy Party Shoe SizeDawgs Loudmouth 9" Australian Style Boots Women's Size 11 Winter/ Rain BootsKATHY VAN ZEELAND Boots womens size 6 M Black ankle boots cuff top 2.5" heels , White Mountain Womens Range Ankle Boots Size 7 Brown Black Studs Zip Up Booties , Coolway Noa Blue Ankle Boots Size 6 Leather And Textile , Diesel EVEREST womens brownish leather boots size 8 MKelly & Katie Womens Balantina Round Toe Ankle Chelsea Boots Black Size 8.0 z9 , Earth Kristy Leather Peep-toe Bootie (1636) Taupe Size 6G by Guess Womens bex Open Toe Ankle Fashion Boots Black Size 8.5 AivFThe Sak Womens RHYME Round Toe Ankle Chelsea Boots MultiColor Size 7.0 DiEHCatherine Malandrino Womens Black Sorchanie Boots Suede High Heels New $130Grazie Lavish Tan/Cognac Suede Leather Harness Embellished Knee-High Boots , Ladies Van Dal Low Wedge Shoes - Monteray , Jessica Simpson Lenore Brown Leather Pointy Toe Ankle Booties Womens Size 6 M* , Jessica Simpson Royle Canela Brown Stretch Suede Fitted Wedge Knee High Boot , Ann Creek Women's 'Cuchi' Star Studded High-Low Shaft BootsRALPH LAUREN COLLEC DARK CHARCOAL ELOISE HAIRCALF BOOTIE SIZE 7.5B , Jeffrey Campbell Lugo Espadrilles Orange Women Sz 41Cole Haan LAUREL Moc Maple Sugar Leather Loafers Shoes Womens 8.5 NEW IN BOXNWB $650 Giuseppe Zanotti Black Velvet Lip Loafer Shoes SZ 37/7 , Nine West Women's SPRING9X9 Suede Ballet Flat, - Choose SZ/ColorTory burch 8 M reva black patent EUC flats perfect condition! Must see! , Asics Gel-Frequency 2 Athletic Shoes - Women's Size 7.5, Charcoal/PinkNIB C Wonder 8920 Signature Logo Loafer Ballet Flat Nubby Raspberry Tweed 9Womens Nike Air Hurache Run 634835-027 Dark Stucco Brand New Size 10.5 , Keds Women's Champion Star Chambray Sneaker - Choose SZ/ColorNike WMNS Air Zoom Pegasus 32 womens running run sneakers NEW pink pow blackConverse Womens Chuck Taylor All Star Selene Shield Black Fashion Sneakers 6276 , Women's Ladies Padders Moccasins Esther -W Flats , Keen Women's Whisper Sandal Black/Neutral Gray
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Rhinestone Faux Suede 23901 Stiletto Platform Heels Pump Rhinestone Heels 30164fe Boots
1327784
1656543
5741796
7015569
10104422
10695471
12563715
12842372
18909813
Powered by WordPress.com VIP.