The Buzz
All markets and investing news all the time

Skechers Elite Sport Women's Elite Choose Synergy Women's Fashion Sneaker - Choose SZ/Color dfd26c6




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: Fashion Sneakers Manufacturer: Skechers
Size Type: Regular MPN: 11863
US Shoe Size (Women's): Multiple Variations Model: 11863

Skechers Elite Sport Women's Elite Choose Synergy Women's Fashion Sneaker - Choose SZ/Color dfd26c6 - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Skechers Elite Sport Women's Elite Choose Synergy Women's Fashion Sneaker - Choose SZ/Color dfd26c6
Skechers Elite Sport Women's Elite Choose Synergy Women's Fashion Sneaker - Choose SZ/Color dfd26c6 - 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 Elite Sport Women's Elite Choose Synergy Women's Fashion Sneaker - Choose SZ/Color dfd26c6

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Skechers Elite Sport Women's Elite Choose Synergy Women's Fashion Sneaker - Choose SZ/Color dfd26c6 - hollisbaker.com
About This Author
Skechers Elite Sport Women's Elite Choose Synergy Women's Fashion Sneaker - Choose SZ/Color dfd26c6 - 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
 
adidas Cloudfoam Ultimate Womens Running Shoes Girls Sneakers AQ1687 , Skechers You-Spirit Peach Pink White Women Casual Walking Shoe Sneaker 14960-PCHReebok Women's F/S Hi Crackle Walking Shoe, Chalk Green/Pragmatic Teal/White, 9 , Penny Loves Kenny Women's Aaron II Dress Flat Royal Blue Velvet , Under Armour Women's Charged 24/7 Low EXP Sneaker - Choose SZ/ColorSoulsfeng Men Women Unisex Casual Fashion Sneakers Lightweight Breathable SportDC Women's Evan Hi SE Skateboarding Shoe, Grey/White, Size 5.0adidas Originals Superstar SMR 360 C Pink White Kid Junior Casual Shoes AQ0203BareTraps Women's Britta Sneaker, Denim, 11 Medium USAsics 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 Sneaker , Merrell Women's Agility Peak Flex 2 E-Mesh Sneaker, Legion Blue, 5.5 M USPUMA 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/Color , Zumba Dance Fitness Energy Boom High Top Sneaker Shoes - Metallic Gold or BlackBRAND 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-BKW , Converse Women's Chuck Taylor All Star Low Sneaker Storm Pink/Egret/Egret Canvas , New Balance KV990BSP W Wide Black Kid Youth Running Shoes Sneakers KV990BSPW , Vionic Women's Bobbi Casual Sneaker White 10 M , K-Swiss Court Pro II S SP CMF Almost Apricot Memory Foam Sneakers Shoes , WMNS Nike Free RN Flyknit 2018 Women's Running Shoes, 942839 601 Size 9 NWBSoftScience Women's Waterfall Palm Flip-Flop Blue Polyester/Microfiber Thong , Jessica Simpson Women's Bellanne Platform Sandal Black Suede LeatherPropet Women's One LT Sneaker, Grey/Berry, 6.5 Medium USNew Balance Women's Fresh Foam 1080v7 Running Shoe - Choose SZ/Color
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 01-87 Women's Bandolino Belluna Ankle Booties size 9 M , Texas Womens Cowboy Boots Size 5.5 M Blue Leather Roper Western USA , Womens Ankle Boots 9.5 Black Leather Side Zip Round Toe Madison & MaxNine West womens Jacyntha leather Ankle Boots 8.5M 3" Heel brown , Womens Size 8 Canada Made In France Winter Faux Fur Boots Wood MilneNaughty Monkey Zuzanna Ankle Booties Brown Suede Leather Wood Heel Size 7 , Guess Olysa Ankle Boots - Women's Size 9.5 M, Light Natural , Steve Madden New Orabela Black Womens Shoes Size 9 M Boots MSRP $169Sam Edelman Louie Womens Shoes Size 8 Taupe Brown Suede Ankle Boots , $159 BCBG BCBGeneration Women BG-Galaxi Monk Strap Ankle Boot Shoe, Onyx, US 9.5SC35 Rainne Wedge Mid-Calf Boots 656, Cognac, 9 USNEW! Skechers 48331 Womens Starship Mid Boot Chestnut 8 121M aaGiani Bernini Womens Raiven Leather Closed Toe Knee High, Beige, Size 9.0 JWHx , NEW (Wide Calf) Fitzwell Mesquite Leather & Suede Riding Boot - 7M , Boots,NEW, Black, SIze 8, Biala, Made in Italy, Soft Leather, blackBC Footwear Collective Women's Sand Western Boot 8.5M , Vasque Womens Breeze III GTX Athletic Hiking Trail Outdoor Mid Boots 7.5 WidePAPILLIO BY BIRKENSTOCK CATALINA BLUE FLORAL DREAM WOMEN'S US 8N (6100) , Saint Laurent YSL Jimmy Sandals Shoes - brand new - RRP$695BUSCEMI 100MM | BLACK 225785 leather high top fashion sneakers sz. 37Vintage size 9.5 AA~Salvatore Ferragamo Red "c design" Dress Shoe Excellent CondORTHOFEET LOAFERS SHOES WOMENS 11 ORTHODIC TAN LEATHER DIABETIC SHOES , NIKE AIR FORCE 1 07 MID AF1 STEALTH GRAY WHITE YELLOW WOMEN SNEAKER Sz 8 NEW NIBBaskets Femme Shoes SUPRA WMNS WRAP WHITE / GREY - WHITERyka Womens Prodigy 2 Stretch Running Shoe- Pick SZ/Color.Women's Shoes Embroidery Flower Fashion Sneakers Sport Ankle Boots High Heels , Saucony Women's Excursion TRB Running Shoes Sz 6.5 , Women's Frye Boots Womens 11 BootsWomen's Women Cross-tied Platform Shoes BootsNIB Asics Womens T699N.9320 Gel-Kayano 23 Supportive Running Silver Size 8.5Narr
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
Skechers Elite Sport Women's Elite Choose Synergy Women's Fashion Sneaker - Choose SZ/Color dfd26c6 Athletic Shoes
1866820
3140401
5539219
5569320
6195929
6777641
7939264
17514884
17921205
Powered by WordPress.com VIP.