The Buzz
All markets and investing news all the time

SKECHERS USA 23055 Inc 23055 Skechers Slip On Unity Go Big Womens Slip On Sneakers 11 ad56a7c




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
UPC: 0190211685384
Style: Causal Brand: Skechers
US Shoe Size (Women's): Multiple Variations Model: 23055
Size Type: Regular MPN: 23055
Material Type: synthetic

SKECHERS USA 23055 Inc 23055 Skechers Slip On Unity Go Big Womens Slip On Sneakers 11 ad56a7c - hollisbaker.com

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
SKECHERS USA 23055 Inc 23055 Skechers Slip On Unity Go Big Womens Slip On Sneakers 11 ad56a7c
SKECHERS USA 23055 Inc 23055 Skechers Slip On Unity Go Big Womens Slip On Sneakers 11 ad56a7c - 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 USA 23055 Inc 23055 Skechers Slip On Unity Go Big Womens Slip On Sneakers 11 ad56a7c

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
SKECHERS USA 23055 Inc 23055 Skechers Slip On Unity Go Big Womens Slip On Sneakers 11 ad56a7c - hollisbaker.com
About This Author
SKECHERS USA 23055 Inc 23055 Skechers Slip On Unity Go Big Womens Slip On Sneakers 11 ad56a7c - 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
 
Columbia Women's Redmond Trail Shoe - Choose SZ/Color , New Balance WL311WLB Womens 311 Lifestyle Fashion Sneaker- Choose SZ/Color.Merrell Women's All Out Blaze Sieve Water Shoe,Castle Rock,8 M USCalvin Klein Womens Ruthie Fashion Sneaker- Choose SZ/Color. , New Balance WRT300DB Womens 300 Lifestyle Fashion Sneaker 7.5- Choose SZ/Color. , Saucony Womens Cortana 4 Running Shoe- Pick SZ/Color. , PUMA Women's Tsugi Jun Sneaker - Choose SZ/ColorMBT Womens Simba SyntheticM- Pick SZ/Color. , ECCO Women's Soft Fashion Sneaker - Choose SZ/ColorMerrell Women's Vapor Glove 3 Trail Runner Baltic 9.5 M US , Merrell Women's Siren Sport Q2 Hiking Shoe, Blue Surf, 5 M USPUMA Womens Super Elevate WNS Cross-Trainer Shoe- Pick SZ/Color. , PUMA Women's Fierce Strap Leather Wn Sneaker - Choose SZ/ColorSuperga Women's 2790 Fglu Platform Fashion SneakerReebok BS8228 Womens CL Lthr Clean Exotic Print Track Shoe- Choose SZ/Color. , Skechers Performance Women's On The Go City 3 Renovated - Choose SZ/ColorAltra Women's Lone Peak 3.5 Running Shoe Blue 9 B USPUMA 19096501 Womens Ignite Limitless Metallic Suede Wn Sneaker 10 , Balance Women's 20v7 Minimus Training Shoe, Black, 9 B US , PUMA Women's Riaze Prowl Wn Sneaker Quarry-Island Paradise 11 M US , Superga Women's S0001l0 Fashion Sneaker Grey Sage 39 M EU / 8 B(M) US , Salomon Womens XA Enduro W Trail Runner- Pick SZ/Color.Steve Madden Women's Antics Sneaker - Choose SZ/ColorPUMA 36641901 Womens Vikky Platform Ribbon P Sneaker- Choose SZ/Color. , ASICS T6L5N.9041 Womens Gel-KahanaRunning Shoe- Choose SZ/Color.Saucony Women's Guide 10 Running Shoe Light Blue/Blue 10.5 M USASICS Womens Gel-Nimbus 19 Running-Shoes- Pick SZ/Color. , Cole Haan Women's Studiogrand P&g Trainer Fashion Sneaker, Magnet Perforated OceWomen's NIKE Air Max 2016 Summit Shoes 806772-100 Sz:9.5 (00886912485933) ,
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 $140 NEW Jessica Simpson Inna Black Faux Leather Boots Right 6 Left 6.5 Mismate , Denver Hayes Women's Imelda Round Toe Boot Brown Size 6MFringe Black Suede Bootie Neutron by Restricted Ankle Boot Shoes Sz 10NIB Lands End Womens Black Leather Zip Low Boots 8 , Roper Skye Womens Western Boot- Choose SZ/Color.New! BORN Ankle Boots D77222 Sz 10M Side Mud BrownZip New Without Box $139.95Easy Street Womens steff Open Toe Ankle Fashion Boots Tan Size 5.0 HMDC , LEATHER HIGH HEEL ANKLE BOOTS, TAGS ON NEVER WORN, Sz 8B, BLACK, RECTANGULAR HEE , ASOS RANORA Loafer Ankle Boots 894325 Booties Tan Black Shiny Size 6 Funky Cute , Women Clear transparency High Block Heel Zip Mid Calf Boots Leather Party Shoes , Women’s KAMIK OKEMO Thinsulate Ultra Winter Snow Boot Shoes Size 6 USNEW MIA JERRI FAUX LEATHER HARNESS BOOTIESEUC Barneys New York black suede slides/slip on sz.38.5/8 USSkechers Women's Cleo-Ray of Sunshine-Engineered Knit Skimmer Ballet Flat Cha...BCBGeneration BCBG Generation Womens Sz 10 (40) Black Weslee ankle Bootie wedgeFyfo 6161 Women's Megenta Low Heel Suede Wingtip Brogue Chelsea Ankle Boots New , Klogs Austin - Brown - Womens , Rockport Cobb Hill Sharleen Wedge Pump Merlot Leather Size 7 [CG8230]New Fashion Women Velvet Rhineston Embroider Loafes Platform Wedge Creeper ShoesValentino Rockrunner Blue Denim Sneakers, Size 36.5 , Marc by Marc Jacobs Womens M9000202 Yellow Marc Jacobs Sandal , Manolo Blahnik Women Shoes Size 38 NIB M-petala Pink Suede Flower FlatsJessica Simpson Women's Murellia Ballet Flat , Womens Size 6.5 SKECKERS GO WALK 4 MOTION 14147 GOGA MAXRyka Womens Eva Nrg Gray Walking Shoes Size 8.5 (22436) , Fulinken Size 5-10 Real Leather Fringe Tassel Loafers Casual Dress Womens ShoesOutdoor Shoes Women's Running Breathable Fashion Sneakers Flats Walking OxfordsWomens Size 6.5 Dolce Vita Menko Zebra Pattern Leather Short Ankle Boots BootiesRidding Women Mid Calf Booties US11 Western Shoes Round Toe Zsell , Matisse Womens Boots Knee High BETTY US 11 M Gray Leather Zip Buckle Casual 6014 ,
 
University of Phoenix is the latest college under investigation
 
Latest Buzz Videos
See all videos
SKECHERS USA 23055 Inc 23055 Skechers Slip On Unity Go Big Womens Slip On Sneakers 11 ad56a7c Athletic Shoes
124779
6111039
8313131
8700176
11501834
11912177
16448551
18457116
18818432
Powered by WordPress.com VIP.