The Buzz
All markets and investing news all the time

Skechers 15200 BKW 20049 White Go Run Ride 7 Black White localjoes-20050 Women's Running Shoes US 6.5 M d634816




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: Skechers
Style: Running Shoes Color: Black White
US Shoe Size (Women's): 6.5 Model: Go Run Ride 7
Width: Medium Product Line: Go Run Ride 7
MPN: 15200-BKW UPC: 191665343691

Skechers 15200 BKW 20049 White Go Run Ride 7 Black White localjoes-20050 Women's Running Shoes US 6.5 M d634816 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Skechers 15200 BKW 20049 White Go Run Ride 7 Black White localjoes-20050 Women's Running Shoes US 6.5 M d634816
Skechers 15200 BKW 20049 White Go Run Ride 7 Black White localjoes-20050 Women's Running Shoes US 6.5 M d634816 - 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%.

Skechers 15200 BKW 20049 White Go Run Ride 7 Black White localjoes-20050 Women's Running Shoes US 6.5 M d634816

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Skechers 15200 BKW 20049 White Go Run Ride 7 Black White localjoes-20050 Women's Running Shoes US 6.5 M d634816 - hollisbaker.com
About This Author
Skechers 15200 BKW 20049 White Go Run Ride 7 Black White localjoes-20050 Women's Running Shoes US 6.5 M d634816 - 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
 
Penny Loves Kenny Women's Aaron II Dress Flat Royal Blue Velvet , Under Armour Women's Charged 24/7 Low EXP Sneaker - Choose SZ/Color , Soulsfeng Men Women Unisex Casual Fashion Sneakers Lightweight Breathable SportDC Women's Evan Hi SE Skateboarding Shoe, Grey/White, Size 5.0 , adidas Originals Superstar SMR 360 C Pink White Kid Junior Casual Shoes AQ0203 , BareTraps Women's Britta Sneaker, Denim, 11 Medium US , Asics Gel-Exalt 2 Womens Cushioned Running/Sport Shoes , Altra Women's ONE 2.5 Running Shoe, Black, 10 M USPUMA Women's Suede Classic WN's Fashion SneakerMerrell Women's Agility Peak Flex 2 E-Mesh Sneaker, Legion Blue, 5.5 M US , PUMA Women's Phenom Wn Sneaker - Choose SZ/ColorNike Air Zoom Pegasus 33 Grey/Black/White Women's Running Shoes - Asst Sizes NWBAerosoles Women's Shortcake Slingback Wedge Sandal Coral Faux LeatherNew Balance Women's 600v2 Natural Running Shoe - Choose SZ/ColorZumba Dance Fitness Energy Boom High Top Sneaker Shoes - Metallic Gold or Black , BRAND NEW Women's Saucony OMNI 16 EverRun Running Tennis Shoe 8.5 Teal CitronSkechers You-Spirit Black White Mesh Women Casual Walking Shoe Sneaker 14960-BKWConverse Women's Chuck Taylor All Star Low Sneaker Storm Pink/Egret/Egret CanvasNew Balance KV990BSP W Wide Black Kid Youth Running Shoes Sneakers KV990BSPWVionic Women's Bobbi Casual Sneaker White 10 MK-Swiss Court Pro II S SP CMF Almost Apricot Memory Foam Sneakers ShoesWMNS Nike Free RN Flyknit 2018 Women's Running Shoes, 942839 601 Size 9 NWB , SoftScience Women's Waterfall Palm Flip-Flop Blue Polyester/Microfiber ThongJessica Simpson Women's Bellanne Platform Sandal Black Suede Leather , Propet Women's One LT Sneaker, Grey/Berry, 6.5 Medium US , New Balance Women's Fresh Foam 1080v7 Running Shoe - Choose SZ/ColorConverse Chuck Taylor All Star Black Mono Hi Unisex Trainers BootsNIKE Women's Tanjun Black/Metallic Red Bronze Size 9 B(M) US , Wmns Nike Free Transform Flyknit Blue Orange Womens Training Trainers 833410-400
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 CIRCLES Brand Rockabilly Women Cowboy Black White Leather Western Boots 6.5 UsedLADIES ANKLE BOOTS with chain. SIZE 9 M, BLACK FAUX SUEDEWomens Stiletto Fashion Peep Toe Dress Slouch Fitted Thigh High Boots , Anne Michelle Women's Fashion Nova Monet23V Valencia Scrunch Boot TW4 Black US:6Te Casan Red Suede Patent Leather Slip On Medium Wedge Heel Booties Size 10 , Born size 9 Brown Leather Boots mid calf zip and decorative buckle FREE ship , S.Oliver Women's Ankle Boots Ankle Boots Pepper NEW$348 Donald J Pliner Womens Leather Riding Ankle Boots Taupe 8 Medium , CHINESE LAUNDRY, TREMENDOUS BOOT, WOMENS, COGNAC, US 6.5M, NEW W/O ORIGINAL BOXFrye Boots - Winona Stud Mid - Black - 6.5 M - New in Box - See Details , Chinese Laundry Natural Suede Black Leather Riding Shoes Sz 7.5 M /38.5 , Bandolino Womens Lethia Leather Closed Toe Ankle Fashion Boots, Black, Size 8.0 , Womens Irregular Choice Puppy Love Blue Pink Flat Trainer Shoes Shu Size , Jack Rogers Womens Camille Sparkle Pointed Toe Flat- Pick SZ/Color.Bernie Mev Hallie Multi Color Woven Mary Jane Shoe Sandal womens Eur 41 US 10NEWWeejuns G.H. Bass & Co. Womens Wylie Red Loafers Shoes 6 Medium (B,M) BHFO 0484 , G.H. Bass & Co. Wynn Mules 192, Black, 6.5 USCurves for Women Size 8 Shoes Walking Exercise Weight Loss Silver Purple HealthKEEN Dry Waterproof Trail Shoes Size 6.5 US Brown Leather light blue accents , Women Real Leather Backless Loafer Slipper Pumps Mule Slide Rivet Slip on Shoeswomen's shoes PINKO 7 () slip on white gold paillettes BT250-37 , KEDS NEW CONTEMPORARY KDWH58981J3 PREMIUM LEATHER CHACOLENine West Women's Rumba Suede Fashion Sneaker - Choose SZ/Color , Nike Air Zoom Vomero 11 Women's Athletic Shoe 818100 501 Size 6Nike Free RN Flyknit Women's Running Shoe 831070 404 Size 10 , Women's CHAUSSURES TOD'S FEMME FlatsNEW Women's Tan Suede KENSIE Massey Boots Shoes Size 11 , Rampage Rebecca Tall Boots - Women's Size 6M Gray , Skechers 14050 Performance Womens Go Walk 3 Dominate Walking ShoeDIADORA WOMEN'S SHOES LEATHER TRAINERS SNEAKERS NEW B. ELITE BLACK EFF ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Skechers 15200 BKW 20049 White Go Run Ride 7 Black White localjoes-20050 Women's Running Shoes US 6.5 M d634816 Athletic Shoes
1198362
3259189
3486768
5745173
6948332
7008229
8694460
13566085
14337723
Powered by WordPress.com VIP.