The Buzz
All markets and investing news all the time

14904 Multi Skechers shoes Walk Go Walk 4 Women 27448 Light Skechers Soft Mesh Slip On Fabric Casual 5133aab

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
Fastening: new Skechers Goga Max™ insole
Width: Regular Model: 14904 MULT
Pattern: Featherweight sockliner adapts to the foot Style: Walking Slip On
Color: Multi Product Line: Skechers GOWALK 4
Brand: SKECHERS Material: Athletic soft striped fabric upper

14904 Multi Skechers shoes Walk Go Walk 4 Women 27448 Light Skechers Soft Mesh Slip On Fabric Casual 5133aab -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
14904 Multi Skechers shoes Walk Go Walk 4 Women 27448 Light Skechers Soft Mesh Slip On Fabric Casual 5133aab
14904 Multi Skechers shoes Walk Go Walk 4 Women 27448 Light Skechers Soft Mesh Slip On Fabric Casual 5133aab -

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%.

14904 Multi Skechers shoes Walk Go Walk 4 Women 27448 Light Skechers Soft Mesh Slip On Fabric Casual 5133aab

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
14904 Multi Skechers shoes Walk Go Walk 4 Women 27448 Light Skechers Soft Mesh Slip On Fabric Casual 5133aab -
About This Author
14904 Multi Skechers shoes Walk Go Walk 4 Women 27448 Light Skechers Soft Mesh Slip On Fabric Casual 5133aab -
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
SPERRY TOP-SIDER FOR J. CREW WOMENS BOAT SHOES SEERSUCKER SZ 9 BRAND NEWNEW UNDERGROUND ENGLAND RED TARTAN JOLLY ROGER FLATS SHOES SNEAKERS UK LADiES 4KEDS Floral Rose Garden Canvas Sneakers Tennis Shoes Women's Sz 10M AwesomeKeen Wos Shoes Walking 53042 US 8 Brown Leather Green Suede Slip-on 5328 , BROOKS Womens Pureflow 6 Black/Teal Running Training Athletic Shoes Size 10 VGC! , Nike 6.0 Dunk SE Low 442471-601 Maroon Red Suede Leather Womens 7.5 Shoes , SALOMON XA COMP 5 ortholite comfort foam adventure running shoes size 8 , Asics gray/green mesh, high traction, cross training sneakers, 6 , Nike Womens Flex Bijoux Cross Training Size 6.5 Color Jade ShoesWomens Puma Orange Pink and White Sneakers , NWB-Skechers Skech-Air Extreme Awaken Women's Athletic Shoes-Navy/Light Blue 7.5NEW!!!! Ladies Rock & Republic Size 9 M Liela Black Ankle Zip Up Shoes SneakersMontrail Gore Tex XCR Hiking Shoes Men Size 7.5 , NEW SKECHERS GOWALK 4 SNEAKER SHOES WOMENS 6.5 EXCITE 14163 FREE SHP LIGHTWEIGHT , Steve Madden Women's Lynn Sneaker - Choose SZ/colorVibram Wos Shoes Five Fingers US6.5 Black Hook/Loop Athletic Water 5272New Balance Women's 09v1 Training Shoe, Pigment/White, Size 5.0 , PUMA Women's Match Lo Classic Wn Sneaker, Puma White-blue Depths SIZE 10 NEWZee Alexis Women's Danielle Woven Athletic Shoe Red 39 US 8.5VANS HEARTS CLASSIC WHITE BLACK Tennis Skate SHOES WOMENS NEWSPERRY STS14364 - WAHOO CVO Size: - Color: , Apex Men's V551 Stealth Blue/Black Runner Sneaker , MBT Sneakers Sz 7.5 Rocker Walk Toning Walking Red White Shoes Cross Training , Vince Camuto Womens bayana Leather Low Top Slip On Fashion, Black, Size 9.5 IhS4MAX Ladies Women Sneakers Shoes Platforms Athletic Trainer Slip on Black White , Vans Old Skool Zip Leather Antique Silver Green Size Men's 3.5 = Women's 5 NEWSAUCONY Women's Pro Grid Ignition 4 •White/Silver/Pink• Running ShoeSkechers Synergy 2.0-Scouted Fashion Sneaker - Womens , sz 7 ladies camouflage canvas YELLOW BOX high top platform sneakers tennis shoes ,
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 Ladies Spot On Lycra Mid Calf Boots with Half Leg Zip 5062378NP1027162 LSPBTS50 Women's Shoes Size 7 M Dark Tan Suede Boots Johnston Murphy , Vince Grey Leather Round Toe Pull On Short Ankle Booties Boots Size 7 , EARTH SHOES Black Leather Front Zip Ankle Boots Size 7 Style AcadiaAMANDA SMITH 17" LEATHER BOOT 3 1/2" HEEL BRAZIL , Womens Ladies Black Faux Suede Ankle Boots With Buckle Detail Knee High Thigh HiAMERICAN EAGLE WOMNS KNEE HIGH FLAT BOOTS IN BROWN SZ. 8.5CHOOKA, TIGHT HERRINGBONE BOOT, WOMENS, BLACK, US SIZE 7 M, LEATHER, NEWQupid Womens mariko Fabric Pointed Toe Ankle Fashion Boots, Dark Blush, Size 8.5 , womens casaul back zipper tassel fringe pointy toe block heels ankle bootsCOLE HAAN 8B WOMEN RED SUEDE LEATHER NikeAIr Sole HIKING BOOTSSoft Style Womans Gayla Ankle Boots Dark Pewter Size 6.5W , David Tate Womens Sorento Fabric Closed Toe Espadrille FlatsNaya "Valerie" boots taupe suede Leather Studded Booties sz 10.5 m new , Carlos By Carlos Santana Womens NWB Kino Blk Over The Knee Boots Shoes 7.5 M NewAnn Taylor Black Leather Booties Boots Heel Pumps Shoe SZ 8.5 Women'sVINTAGE Derby Pointus Tout Cuir façon Python T 37,5 TRES BON ETAT , Geox Womens Welidia1 Ballet Flat /- Pick SZ/Color.Lanvin Ballet Flats Brown Leopard Print Satin Size 36.5 , INC International Concepts Women's Caleyy Espadrilles Platform Shoes Gold/BlackCole Haan Women's Tali Bow Espadrille Loafer, Black Leather, 5 B US , Trotters Womens estee Closed Toe Slide Flats, Blue, Size 9.0 Fy0y , NWOT Converse Women's Slip On Shoes Size 6 Cloud Gray Brand NewSpongebob Pattern Hand-painted Canvas Shoes Women Men's Sneaker 11 Styles$115 JOSEF SEIBEL Pippa 07 Black Cap-Toe Leather Flat Ballet Shoe 37/38 Mismatch , Skechers Women's Slicker Fancy Fashion Sneaker - Choose SZ/ColorREEBOK Z DUAL RIDE WOMEN'S GREY/PINK RUNNING SHOES sz 6.5, #M43472Burnetie Women's High Top Sneaker 450272ASICS Womens - Silver/Turquoise/LimePunch Running Shoes Size 8.5 (346981) , Womens Ankle Boots Chunky Heels Pointed Toe Casual Shoes Back Zip Suede New H142 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
14904 Multi Skechers shoes Walk Go Walk 4 Women 27448 Light Skechers Soft Mesh Slip On Fabric Casual 5133aab Athletic Shoes
Powered by VIP.