The Buzz
All markets and investing news all the time

Skechers 19151 15606 Performance Womens Go Joy Walking-Shoes- Choose Go SZ Choose/Color. 8be8421

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
UPC: 0191665388630
Style: Causal Brand: Skechers
US Shoe Size (Women's): Multiple Variations Model: 15606
Size Type: Regular MPN: 15606

Skechers 19151 15606 Performance Womens Go Joy Walking-Shoes- Choose Go SZ Choose/Color. 8be8421 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Skechers 19151 15606 Performance Womens Go Joy Walking-Shoes- Choose Go SZ Choose/Color. 8be8421
Skechers 19151 15606 Performance Womens Go Joy Walking-Shoes- Choose Go SZ Choose/Color. 8be8421 -

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 19151 15606 Performance Womens Go Joy Walking-Shoes- Choose Go SZ Choose/Color. 8be8421

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Skechers 19151 15606 Performance Womens Go Joy Walking-Shoes- Choose Go SZ Choose/Color. 8be8421 -
About This Author
Skechers 19151 15606 Performance Womens Go Joy Walking-Shoes- Choose Go SZ Choose/Color. 8be8421 -
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
RYKA Ryka Womens Grafik Flow Cross Trainer- Pick SZ/Color.BOBS from Skechers 31360 Womens Bobs Squad-Twinning Fashion- Choose SZ/Color.Reebok BD4774 Womens Trainfusion Nine 2.0MT Running Shoe- Choose SZ/Color.Propet Women's Washable Walker Walking Shoe, SR Pewter, 9 2E US , Propet Women's Washable Walker Walking Shoe, Sr Brownie, 9 W US , K-Swiss 95643-152-M Womens Pershing Court CMF Sneaker- Choose SZ/Color.Rockport BX2243 Womens Moreza Zip Tie Fashion Sneaker- Choose SZ/Color. , Skecher Street Women's Street Sweet-Step on It Sneaker,WTGD,8 M USNew Balance Women's 1400v5 Running ShoeOnitsuka Tiger by Asics D7L7N.2929 Womens Mexico 66 Slip-On Mauve Wood/Mauve , Altra Provision 3.0 Women's Road Running Shoe , Skechers Performance Women's Go Run 400 Running Shoe - Choose SZ/ColorSkechers Women's Goldie - Treasure Chest. Scattered Rhinestone Slip On. Sneaker,ASICS Womens Gel-Lyte V Fashion Sneaker- Pick SZ/Color.PUMA Women's Mega Nrgy Wn Sneaker - Choose SZ/Color , Skechers Street Womens Hi-Lites - Perf-ected , Nine West Womens Palyla Leather Fashion Sneaker- Pick SZ/Color.Reebok Womens Plus Runner Woven Sneaker- Pick SZ/Color. , Women adidas Pharrell Williams Tennis Hu Shoes size 7 1/2 pink rose gold ashpeaRoxy Women's Rory Fashion Sneaker Shoe - Choose SZ/Coloradidas Womens Tennis Pro Tee - Choose SZ/ColorSkechers 953 Street Womens Hi-Lite-Reptile Metallic Sneaker- Choose SZ/Color.New Balance Womens wl420 Sneaker- Pick SZ/Color. , Skechers Women's Synergy 2.0-Mirror Image Fashion Sneaker - Choose SZ/Color , Skechers Performance Women's Go Walk 4-Gifted Sneaker - Choose SZ/ColorPUMA Women's Cell Riaze WN Sneaker - Choose SZ/ColorPUMA 18981302 Womens Carson Hatch WNS Cross-Trainer Shoe- Choose SZ/Color.NIKE Women's Tanjun Running Shoe White/Black 6.5 B(M) USSkechers Sport Women's Skech Air Run High Fashion Sneaker - 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 Ladies Spot On Black Knee High Riding Style Boots Stirrup Detail Style F50092 , New Women Winter Sheep Skin Leather Fur Mid Calf Snow Warm Flat Boots ShoesLarry Mahan Women's Western Boots Brown-Black 2-Tone Leather US 6.5 MZARA SS17 FLAT ANKLE BOOTS WITH BOW DETAIL BLACK ALL SIZE AVAILABLE REF 3102/201Sporto Charles Angled Calf Waterproof Winter Boots, Black, 9.5 US Display , Jessica Simpson Womens Cherrell Black Booties Heels 10 Medium (B,M) BHFO 0041Women's Nine West Black Leather "Karlene" Booties: Size 11 M , 2017 Woman Point-toe thin-heel British style faux suede shoes after zipper solidColin Stuart Boots Size 6 B Womens Brown Faux Suede Wedge Heel , Clarks Maypearl Tulsa Ankle Booties 687, Black, 6.5 US / 37 EU , ANTHROPOLOGIE LUIZA PEREA WOMEN'S SANTOS BROWN LEATHER BOOTIES US 10.5 /11 , Harley Davidson Copper Faded Glory Women Brown Leather Motorcycle Boot Sz 7 VGUC , CROCS COLOR LITE MID BOOT FUR LINED~WINTER PUFF FREESAIL SNOW SHOE~Black~W 7~NWTJUICY COUTURE DALE MID-CALF BLACK LEATHER SUEDE WEDGE BOOTS BOOTIES 6.5 US WOMENChinese Laundry Womens Flash Over-the-Knee Boot Black Leather Size 6.5 NWOB , Cat by Caterpillar Women's Willa Boots Mulch Tribal 8 M, , Ariat $169 Performer Zip Paddock Brown Leather Boots Womens Size 6 B , Naot 38 Green Leather Ankle Boot Booties Zip Side , Tod's XXW0HI04070RTU165O ballerina shoes Women's Light Blue US , Nine West 25022706 Womens Polson Ballet Flat- Choose SZ/Color. , J/Slides Carol Women's Grey Slip On Sneaker Sz 10 1822Women Fur Trim High Top Creepers Wedge Hihg Heel Platform Leather Casual ShoesManolo Blahnik Soussaba Pink Leather d'Orsay Flat 38 US 8 $645NIB $225+ Tory Burch Minnie Travel Ballet flat Shoe Nantucket Red Navy Sea Sz 7Sandales - Nu-pieds REPETTO en cuir verni Bleu 39 F , G.H. Bass & Co. Women's Ellie Penny Loafer, Camel, 11 M US , New Women's Skechers Flex Appeal Simply Sweet Athletic Shoes 12076 GYPR 132D pc , Womens Rhinestone Sneaker High Top Summer Mesh Breathable Sports Athletic ShoesW Nike Air More Money LX Black/Black-Summit White AJ1312-003 Size: 7.5Women's Puma Basket Platform Metalic Shoes Leather Upper Black Trainers ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Skechers 19151 15606 Performance Womens Go Joy Walking-Shoes- Choose Go SZ Choose/Color. 8be8421 Athletic Shoes
Powered by VIP.