The Buzz
All markets and investing news all the time

New Ons Women's Skechers It 22602 Gratis Slip - Shake It Off Slip Ons - Gray Size 7 (J11) 907af15




Item specifics

Condition:
New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Style: Walking Shoes
Color: Gray US Shoe Size (Women's): US 7
Brand: Skechers Width: Medium (B, M)
UPC: Does not apply

New Ons Women's Skechers It 22602 Gratis Slip - Shake It Off Slip Ons - Gray Size 7 (J11) 907af15 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
New Ons Women's Skechers It 22602 Gratis Slip - Shake It Off Slip Ons - Gray Size 7 (J11) 907af15
New Ons Women's Skechers It 22602 Gratis Slip - Shake It Off Slip Ons - Gray Size 7 (J11) 907af15 - 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%.

New Ons Women's Skechers It 22602 Gratis Slip - Shake It Off Slip Ons - Gray Size 7 (J11) 907af15

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
New Ons Women's Skechers It 22602 Gratis Slip - Shake It Off Slip Ons - Gray Size 7 (J11) 907af15 - hollisbaker.com
About This Author
New Ons Women's Skechers It 22602 Gratis Slip - Shake It Off Slip Ons - Gray Size 7 (J11) 907af15 - 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
 
VIBRAM Fivefingers Bikila Evo 15W3102 Red/Yellow Barefoot Running Shoe Sandal 36 , New Women's Skechers 840 Alpha Lite Cool Kid Sneakers - Navy/Pink Size 7.5 (F27) , Adidas Aspire adiwear Women’s Sports Shoes White/Peach NWBNike Air Max Siren Print Green/BlK/Snakeskin Shoes (749511-300) US WMN'S SZ 8.5 , New Balance - Women's Running Classics 696, Black/BlueZigi Soho Womens Black Leather Shoes 6Skechers Performance Womens GO Walk Lite-Shanti Loafer Flat- Select SZ/Color. , KENNETH COLE REACTION JOVIE 2 WHITE LEATHER SNEAKER US 11/ UK9/DC Womens Heathrow SE Shoes- Select SZ/Color.New Women's Skechers 12074 Flex Appeal Pretty City Training Shoes Size 7.5 (E17)Salomon Womens X-Mission 3 Contra-Grip Breathable Trail Running Shoes Size 7.5Propét Womens tour walker strap Leather Low Top Slip On, White, Size 9.0 f8Vr , Converse All Star Chuck Taylor Low Top Pink Womens Shoes New In BoxNike Sweet Classic Black Patent Leather 354496 031 Sz US 8 Pink / TurquoiseNew Women's Skechers 11930 D'Lites Biggest Fan Athletic Shoes Size 7.5 W (O10) , New Balance Women Special Edition Memory Cush Training Shoes NIB 6.5 45% OFF , SKECHERS Shape Ups Walking Toning Shoes Womens Size 7 12320 Black RockerVIBRAM Fivefingers Sprint W1156 Grey/Hawaiian Barefoot Running Shoe Sandal 39 , New Women's Skechers 12740 Burst New Influence Sneakers Multi-Colored Size 6 N14 , Propet Vista Strap W3915 Bone W3915BO-M-06H US Size 6.5 B / M Womens Shoes Value , New Asics Gel-Nimbus 12 Womens Running Shoes 2A Narrow Widthadidas Originals Women's ZX Flux W Running Shoe, Grey, Size 11.0 , MBT Chapa Oxford Size 7 White Gray Mesh Nubuck Walking Physiological Footwear , New Women's Skechers 23306 Microburst Walking Shoes - Black Size 6 (J11)New Sperry Women's Teal Biscayne Boat Shoes-Size 6 Retail $60.00 , New Women's Skechers 14490 Go Step Lite Interstellar Sneakers - Size 6.5 (L10) , SKECHERS Women's GO WALK 3 Slip-On Walking Shoe Black Stretch US-8.5 (53980/BBK) , J Slides Angelica Crushed Velvet Slip-On Sneaker - Black Velvet Size US 7.5Asics Unisex Sports Leisure Trainers White ,
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 Womens Ladies Mid High Block Heel Chelsea Casual Ankle Boots Shoes Size , Rocket Dog Boots 6.5 Brown Suede Leather Mid Calf Faux Fur Winter Size 6.5Spring Step L'Artiste Patisserie Red Womens Display Model Boots 37 (US: 6.5-7) , PRE-Owned Marc Fisher Aprille Women Black Ankle Boot 8M , Vince Camuto 'Bocca 2' Over the Knee Women's Boot Chestnut black SZ 6M new , Dolce Vita Womens Black Over The Knee Boots 7CLARUS Frank More Women's Knee High Riding Boots Size 7 N Two Tone LeatherFur boots sheepskin leather raw wool lightweight outsole 17mm hair high waterpro , Enzo Angiolini Womens Franses Leather Open Toe Ankle Fashion Blue Size 8.0 8ItNew Tretorn SKERRY VINTER SHINY Womens Fleece Lined Waterproof Rain Boots Gray 5 , GUESS Womens Brylee Leather Closed Toe Ankle Fashion Boots, Grey, Size 7.5 Cy87 , Paul Green Black Suede Boots Heels Booties Size US 9.5 ExcellentMephisto Penny Loafers US 7.5 Euro 7Alegria Classic - Metallic - WomensNEW JCREW $148 Lily ballet flats in snakeskin-printed leather Sz8 G7853J/SLIDES Womens 'Annabelle' Black Velvet Bow Round Toe Sneakers Sz 6.5 , Calvin Klein Womans Flats Size 6.5 Meranda Black Leather Snakeskin Print LoafersRieker L1751-25 Leather Slip-On Comfort Shoes Womens ShoesBrooks Womens Pure Cadence 6 Blue Running Shoes Size 7 (420552) , SALE!!!! WOMEN'S "TORY BURCH" REESE-MESTICO STYLE FLATS SIZE: 6 , Prada Red Patent Leather ballerinas 36Skechers Women's Highrise-Dist Metallic Sneaker - Choose SZ/ColorWomen's Brooks Ghost 11 running shoes. Multi-color. US size 9.5 medium. , Zumba Womens Energy Boom Dance Shoe Sneaker Black Size 5.5 M US 36 EU , New Balance Womens White/Pink Cross Training Shoes Size 11 (16820)Women's STRENESSE black tall riding boots Boots , ALDO Black Suede Pull On/Back Zip Ankle Boots Women's Size 8.5Womens Rhinestone Over Knee Boots Platform Block High Heel Riding Shoes 34-43Columbia Women's Newton Ridge Plus Waterproof Amped Hiking Boot , Comfortiva Women's Lemont Sneaker Navy Combo Leather/Snake Print ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
New Ons Women's Skechers It 22602 Gratis Slip - Shake It Off Slip Ons - Gray Size 7 (J11) 907af15 Athletic Shoes
2384722
2762380
3997681
6142260
7578401
9508645
10970134
12335017
13544110
Powered by WordPress.com VIP.