The Buzz
All markets and investing news all the time

Skechers Women's Performance Women's Go Walk 4 Walking Premier Walk Walking Shoe - Choose SZ/Color 1116256

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
Style: Walking Manufacturer: Skechers
Size Type: Regular MPN: Go Walk 4 - 14168
US Shoe Size (Women's): Multiple Variations Model: Go Walk 4 - 14168

Skechers Women's Performance Women's Go Walk 4 Walking Premier Walk Walking Shoe - Choose SZ/Color 1116256 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Skechers Women's Performance Women's Go Walk 4 Walking Premier Walk Walking Shoe - Choose SZ/Color 1116256
Skechers Women's Performance Women's Go Walk 4 Walking Premier Walk Walking Shoe - Choose SZ/Color 1116256 -

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 Women's Performance Women's Go Walk 4 Walking Premier Walk Walking Shoe - Choose SZ/Color 1116256

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Skechers Women's Performance Women's Go Walk 4 Walking Premier Walk Walking Shoe - Choose SZ/Color 1116256 -
About This Author
Skechers Women's Performance Women's Go Walk 4 Walking Premier Walk Walking Shoe - Choose SZ/Color 1116256 -
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
DESIGUAL NEW sneakers shoes galaxyblackstuds black gold brown US 10Rocket Dog Women's Cabin Breen Cotton Fashion Sneaker, Grey, 11 M US , Under Armour Womens Horizon STR Trail Running Shoes 7.5- Pick SZ/Color. , PUMA Womens Basket Heart Patent Wn- Pick SZ/Color.Propet Women's TravelActiv Woven Walking Shoe, Winter White, 7 N US , Naturalizer Women's Junction Fashion Sneaker, Black, 10 M USPropet Women's Stability Walker, Pewter Suede, 10.5 4E US861708-002 NIB NIKE Womens ROSHE TWO FLYKNIT Hi Sneakerboots Black White NEWNike 704881 Womens FS Lite Run 2 Premium Running Low Top Shoes Sneakers , Skechers Sport Womens Savvy Baroness Fashion Sneaker- Pick SZ/Color.Skechers Relaxed Fit Breathe Easy Like Crazy Womens Slip On Loafers 10J Slides Women's Adele Sneaker, Light Grey, 9 Medium US , J Slides Women's Artsy Sneaker, Navy, 6.5 Medium USNew Balance Women's 5000v3 Track-Shoes, Moroccan Blue/Pisces, 6 B USNike 749180-004 Womens Core Motion TR 2 Mesh Cross Training Shoe Sneaker , Roxy Womens Fashion Shoe 8Sneaker US- Pick SZ/Color.New Skechers Sz 7M Performance Women's Go Walk 4 Propel Walking Shoe TurquoiseSusanny Women's Round Toe Patent Leather Slip On Shoes Sweet Bow Mid Heel...ASICS Womens Gel-Nitrofuze TR Cross-Trainer Shoe- Pick SZ/Color.Reebok Crossfit Transition Shoes LFT Woman's Size 7.5Volatile Women's Elevation Platform Wedge Sneaker - Choose SZ/ColorNike Zoom Rival XC Cross Country Track Shoes 749351-580 Womens Size 9 , New Balance Women's W560v7 Cushioning Running Shoe,10 D US,Phantom , Nike 684667 Womens Fs Lite 2 Athletic Performance Running Shoes Sneakers , Adidas Adistar Ride 4 Womens Running Shoes Navy Silver US 12 Fantastic!Lacoste Carnaby EVO 317 & 417 SPW Leather Women Trainers in Navy Blue & White , SKECHERS YOU-INSPIRE Women's Walking Shoes 14950/BBK Sz6-9 Fast ship L , SKECHERS Performance Skechers Womens Go Walk Slip-On Walking- Pick SZ/Color. , Women's Nike Free RN Commuter 2017 Running Shoes Black size US 7 MRSP $110
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 Fashion Black Part Faux Suede Mid Calf Zip Womens Casual BootsDEXTER London Tan Leather Knee High Boots Size 6.5 M Style 776204 USA , new ladies Black 1"Low Block Heel Round Toe Sexy Over Knee Boots Size 5NATURE BREEZE LEOPARD ANIMAL PRINT SUPER SUEDE BOOTS THIGH HI BOOTS - SIZE 8.5 , Beautiful Paul Green Black Leather Ankle Boots Heels Size 4 U.s. 6.5 , Nanette Nanette Lepore Rose Block-Heel Ankle Booties 723, Black, 7 USVERO CUOIO Boots womens size 9 M Gray Black Leather wooden heels mid calfCaterpillar Women's Echo Waterproof Steel Toe Work Frost Marlin Boots P90567 , Sporto Original Duck Boots Hayden Grey Waterproof Womans Rain Ankle Low Plaid 6MFerrini Black Womens 6.5 Cowboy boots Square Toe Leather Western shoes ShinMERRELL Charcoal Womens 8.5 Opti-Warm 200 Gram Insul Waterproof Hiking Boot A66VINTAGE Bottes JANIL'S Romans France Tout Cuir Noir T 39,5 TRES BON ETAT , Skechers Outdoor Fuzzy Brown Tall Winter Boots Womens Size 8.5Harley Davidson Darla Harness Boots Black Size 6.5 Women'sWomens Sz 9 MINNETONKA MOCCASINS Gray Leather Fringes Boots Shoes , Sanuk Women's Donna Hemp Loafer Flat Burgundy 07 M US , Fitflop Women US 8 Brown Pebbled Leather Buckle Ankle Boot Buckle Shoes 102-030 , AUTHENTIC LUXURY PRADA SLIPPER SHOES 1F847F RED NEW US 9ST. JOHN SIZE 7.5 MED RED PATENT LOAFERS GOLD BUCKLEAsics Gel nimbus 12 Women's size 7.5 Running Shoes - Fast Shipping - See Photos , Arnaldo Toscani Shoes Women Sneakers Blue 87507 BDT TRENDY , New Love Moschino Slip On Black Sneaker with Peace Sign 38 US 8 , NEW $300 Attilio Giusti Leombruni Resort Sneakers Black Leather 35.5 5.5Women's Skechers Performance Go Sport Walking Shoe 14141/BKW Black/White New , Skechers Sport Women’s Dinah Knit Sparkle Athletic Shoes, Black-Size 6,7.5,9 &10rare REEBOK ZIG KICK ZIGKICK TAHOE ROAD running shoe 37 girl's 5.5 / women's 6.5 , M Mi Woolies Ladies/Women Black Suede And Sheepskin Boot/Shoes Size M 7/L 8Punk Motorcycle Block Heels Buckle Strap Ankle Boots Womens Shoes Plus Size New , adidas Womens W Adistar Tour Golf Spikeless- Pick SZ/Color.Adidas Originals Falcon W Women Triple White Lifestyle Sneakers New Gym B28128
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Skechers Women's Performance Women's Go Walk 4 Walking Premier Walk Walking Shoe - Choose SZ/Color 1116256 Athletic Shoes
Powered by VIP.