The Buzz
All markets and investing news all the time

Skechers 20435 Breathe-Easy-Calmly Women Shoes Black Women localjoes-20434 23209-BLK 16ccbd5

Item specifics

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
Color: Black US Shoe Size (Women's): Check Size at "Size Selector"
Product ID: 23209-BLK Style: Trainers
Price - Currency €: 58.90 Material: Textile

Skechers 20435 Breathe-Easy-Calmly Women Shoes Black Women localjoes-20434 23209-BLK 16ccbd5 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Skechers 20435 Breathe-Easy-Calmly Women Shoes Black Women localjoes-20434 23209-BLK 16ccbd5
Skechers 20435 Breathe-Easy-Calmly Women Shoes Black Women localjoes-20434 23209-BLK 16ccbd5 -

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 20435 Breathe-Easy-Calmly Women Shoes Black Women localjoes-20434 23209-BLK 16ccbd5

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Skechers 20435 Breathe-Easy-Calmly Women Shoes Black Women localjoes-20434 23209-BLK 16ccbd5 -
About This Author
Skechers 20435 Breathe-Easy-Calmly Women Shoes Black Women localjoes-20434 23209-BLK 16ccbd5 -
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
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
Puma Suede Classic Mono Ref Iced Ladies Sneaker Shoes Leather Trainers 362101 02 , Nike Air Max Womens QOH Black Orange White 631366 006 DISPLAY MODEL NO BOXNIKE AIR HUARACHE RUN ULTRA WOMEN'S RUNNING SHOE 819151-011 , Ladies Belt Buckle Pointy Toe High Top Wedge High Heel Sports Athletic Shoes A1New Merrell J09634 Agility Peak Flex Women's Running Shoes 8 US , New Puma 189938 03 Speed Ignite Netfit Black Women's Running Shoes 8.5 USadidas Gazelle W Shoes Pink Women CQ2177 , WOMENS BLAZER MID SUEDE VINTAGE 518171-614 SIZE 10 , Converse Women's CT All Star Daybreak 551632C Sneakers Multi RRP BCF73Under Armour Precision Running Women's Shoes , NEW WOMENS BROOKS PR Sprint 3 LADIES RUNNING/FITNESS/TRAINING/RUNNERS SHOESVANS OLD SKOOL WOMEN'S SNEAKER GYM SHOE SKATE SHOES Low-Ankle Leisure Shoes , Nike Free Transform Flyknit Women's Running Shoe 833410 401 Size 9.5New Merrell J12590 Bare Access Flex Black Women's Hiking Trail Shoes 10.5 USNEW NIKE AIR FORCE 1 07 KJC wmn USsz: 10.5 running shoe "BLUE LEGEND" 718350-400 , WOMENS NEW BROOKS PR LD LADIES RUNNING/SNEAKERS/FITNESS/TRAINING/RUNNERS SHOES , Under Armour Speedform Apollo 2 Women's Running Shoe 1266241 101 Size 8.5HOKA ONE ONE Women's Vanquish 3 Running Shoe 7 B(M) US (SALESMAN SAMPLE SHOE)adidas Womens W Adipure Sport Dh/EN Golf Shoe- Select SZ/Color.Ladies Belt Buckle Pointy Toe High Top Wedge High Heel Leather Athletic Shoes , Nike WOMEN'S Free 5.0 TR Fit 5 Print Black/Crimson/Atomic Pink SIZE 11.5 NEWMizuno 410877 Wave Inspire 13 Women's Running ShoeECCO Womens 'Intrinsic 1' Black Leather Fashion Sneakers Sz 41 NEW! 229595Naturalizer Women's Whitney Pump Champagne Metallic LeatherAzura Women's Sarik Combat BootPUMA Womens Ignite Limitless Netfit Wn- Select SZ/Color. , Skechers Flex Appeal 3.0 Grey Blue Womens TrainersHot Stylish Womens Mens Leather Speed Flat Trainer Shoes Sneakers Chic Shoes A02Womens Chic Sneakers Wedge Sport Ankle Boots Brogue Oxfords High Heel Shoes N-10 ,
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 BRAND NEW WOMENS RED ANDIAMO SHARNI BOOTS ZEBRA STRIPED SIZE 6W 6 WPINK AND PEPPER Womens ZOLLY Medium Brown Over the Knee Boots US 7.5MNEW WOMENS LADIES LOAFERS FLAT CASUAL OFFICE WORK SCHOOL FRINGE TASSEL SHOES , New Bearpaw TESSA Black Suede Leather Ankle Boots Sizes 6-9 , TAUPE JAIDEN-02S Women Faux Leather Chunky Heel Ankle Boot Size 7 , CLARKS Black Leather Ankle Zip Buckle Strap Boots Shoes Women's 9M , NEW FRENCH CONNECTION SZ 6.5 BERNE WEDGE LEATHER BOOTIE SHOE HEEL , Matisse Womens Wilkins Fabric Closed Toe Ankle Fashion Boots , Lauren Ralph Lauren Black Suede Knee High Boots Sz 9.5 B , $199 Born Crown Yolanda 10M 42 brown mid calf Womens Ladies boots W62094DOC DR. MARTENS Vintage 90's maroon red Unisex Boots Made in England , Dolce by Mojo Moxy Women's Jussie Slouch Boot Camel Size 7.5Asolo Womens Fission GV Waterproof Athletic Hiking Outdoor Mid Boots Size 7.5Womens Vagabond Bonnie Summer Beach Peep Toe Festival Flatform Sandals US 5.5-10 , New Dr. Marten Jemima Kiltie Chukka Boot Black Fringe Leather Sneaker Sz 9 Women , Aerosoles Women's Traveler Flat - Choose SZ/Color , New Stuart Weitzman Women's Shoes Blue Size 6 Pump Leather , Biala Women Leather Loafer Shoes Size 8 Navy Blue Rubber Soles Slip ResistantROBERTO VIANNI for NEIMAN MARCUS MOCCASINS TURQUOISE & FRINGE LEATHER SZ 7.5 M , Women Chic Casual Sports Shoes Soft Bottom Cushion Breathable Athletic SneakersNew REPORT Womens Arvey Bronze Fashion Sneaker Size 9Skechers Sport Lightweight D'Lites Slip-On Mule Sneakers women's size 8.5 , New Womens Slip On Casual Leather Shoe Pearl Low Heels OL College Preppy ShoeSperry Women's Koifish Mesh Boat Shoe, Linen, 7 Medium USWomen/s SPERRY TOP SIDER GOLD CUP A/O EMBOSSED PATENT BLACK Size 51/2 NIB!!!Trotters Womens estee Closed Toe Slide Flats Blue Size 9.0 u5SeSkechers Women's Beverlee Smitten Kitten Wedge Sandal Taupenaturalizer Marianne Slip-On Fashion Sneakers, Blue Print , Women's Knee High Riding Boots (eny12) Black Taupe , Comfortiva Women's Faye Slingback Anthracite Distressed Foil Suede
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Skechers 20435 Breathe-Easy-Calmly Women Shoes Black Women localjoes-20434 23209-BLK 16ccbd5 Athletic Shoes
Powered by VIP.