The Buzz
All markets and investing news all the time

Rag 8.5-9) & Sneakers Bone Embroidered Suede women's Sneakers Suede Size 39 (US 8.5-9) new da6a391

Item specifics

New without box: A brand-new, unused, and unworn item (including handmade items) that is not in original packaging or ... Read moreabout the condition
Country/Region of Manufacture: Thailand
Material: Suede Style: sneakers
Width: Medium (B, M) US Shoe Size (Women's): 39 (US 8.5-9)
Brand: rag & bone Heel Height: Flat (0 to 1/2 in.)
UPC: Does not apply

Rag 8.5-9) & Sneakers Bone Embroidered Suede women's Sneakers Suede Size 39 (US 8.5-9) new da6a391 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
Rag 8.5-9) & Sneakers Bone Embroidered Suede women's Sneakers Suede Size 39 (US 8.5-9) new da6a391
Rag 8.5-9) & Sneakers Bone Embroidered Suede women's Sneakers Suede Size 39 (US 8.5-9) new da6a391 -

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%.

Rag 8.5-9) & Sneakers Bone Embroidered Suede women's Sneakers Suede Size 39 (US 8.5-9) new da6a391

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
Rag 8.5-9) & Sneakers Bone Embroidered Suede women's Sneakers Suede Size 39 (US 8.5-9) new da6a391 -
About This Author
Rag 8.5-9) & Sneakers Bone Embroidered Suede women's Sneakers Suede Size 39 (US 8.5-9) new da6a391 -
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
Jeffrey Campbell Vionnet Smoking Flats Pointy Toe Loafer Size 7Bettye Muller Freestyle Women's FLATS GreyAlegria Paloma Brown Mary Jane Shoe New without Box size 38982 NWT Women's Merrell 1six8 Mary Jane AC+ Black Strappy Shoes Sz 9Mr. Rogers 1970s KEDS Vintage Navy Champion Sneaker Shoe 9 M Womens BOXEDDansko women leather loafers size 39Ladies SAS Slip On Oxford Shoes ~ Size 11. 5 Narrow ~ New Black & BurgundyEtienne Aigner Carver Two Tone White / Ivory Leather Side Buckle Loafers Sz 8BKeen Womens leather contour arch shoes size 10 , Tory Burch Women 6 Burlap Canvas Orange Logo Slip On Sneaker Shoe Flat , PIERRE HARDY size 40 US 9 black leather Jacno mules shoes slip-on shoeSweet Ballerina Mara2 Ballet Flats, Nappa Red, 9 US / 39 EU**Rieker D1918 Malea 18 Flats - Women's Size US:7 / EU:38, Steel , Merrell 6.5 Brown Mary Jane Women's Shoes , SAS SPORTY BLACK Shoes SNEAKERS WOMEN'S Size 7 n Nurse comfort tech , Buttons Black Fabric Anne Klein FlatFreda Salvador Shoes 6.5 Black Leather Loafers ShoesSperry A/O Sahara Boat Shoes - Women's Size 7.5W - Honey , Tory burch 8 M reva black patent EUC flats perfect condition! Must see!Karl Lagerfeld Womens Edee7 Black Satin Crystal Sneaker Slides Flats Size 8 , Charles David Womens Slip On Flats Size 8.5 , Taryn Rose Edith Calf Leather Loafers, Women's Size 10M, Black , Women's Shoes Ivanka TrumpITTRIKA4 Ballet Loafers Natural GabriJewel Decorated 8Women's Frye Melanie Perf Slip On Leather Sneakers Size 5.5 Original $158 , New Women's Clarks CLOUDSTEPPERS Sillian Stork Sand Size 8Aerosoles Rite On Suede Round Toe Flats Choose Sz/Color , EUC Thierry Rabotin Gigi Black Quilted Ballet Flat Shoes Sz 36.5 / 6 Worn Once!Paul Green Ariana Brown Patent Leather Slip On Loafer Shoes Women's Size 9 , SAS "FREETIME" Teak Brown Leather Oxfords Women's sz 10 S= AAA Slim ,
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 Women's MISMATCH Paul Green Size 6/6.5 Ankle Boots Black Leather Zip Up X5Betsey Johnson Size 6 Black Velour Velvet Bug Insect Bugsy Boots Shoes AnkleWomen's WHITE MOUNTAIN Coffee Brown Zipper Block Heel Ankle Boots Booties Sz 9 MMIA SHOES NWT Selina Stone Brown Suede Side Fringe Booties Ankle Boots sz 9 $89NEW! Bucco "Daiso" Black/White Snake Print Wedge Size 10MMatt Bernson Windsor Women's Boots Black/WhiteJESSICA SIMPSON Womens Minas Wine Leather Zipper Boots Shoes US 5 M NWOB , Pleaser 6" Heel Peep Toe Fringed Bootie Back Zip Women Boots Blk Suede/Blk Matte , Black 5"Stiletto High Heel Round Toe Sexy Knee Boot Side Buckles Size 8.5Real Guess by Marciano boots Knee High Heels Pointed black Women girlDonald J. Pliner Tall Boots Zip Up Banc Black Nubuck Leather Size 10 M , new STUART WEITZMAN "Vital" saddle brown buckled thong flats mules slides shoes , Plomo Women's Carla Boot,Black,37 BR/6.5 M US , Farylrobin Womens OTK Vegan Suede Grove Boots Black Size 6.5 NewKlogs Women's Mission Clogs Black Smooth Style 0166 , FitFlop C35 Womens F-Sporty Penny Loafers Flat- Choose SZ/Color.STEVEN BY STEVE MADDEN BLACK RHINESTONE FLATS SIZE 9 M - NEWRebecca Minkoff Gwyn Espadrille Loafer 8.5 M Blush Nubuck Snake New w/BoxLuca Grossi 413 Black Leather Sheepskin Loafers Slip-On Platform 39 / US 9Chinese Laundry Women's Springfield Mule, Clay Suede, 10 M US , Summer Breath Mesh Shoes Women Pink Parrot Fashion Slip On Sneakers Flat ComfyWomen's Black Prescot Woven Leather Ballet Flats Size 6M (TACO700 , Adidas Ultraboost Uncaged DB1133 Running Shoes Women Size 11 New , Asics GEL-Torrance [T7J8N-5656] Women Running Shoes Smoke Blue/Begonia Pink , ALTRA Women's Sky Blue Intuition 3 Innerflex Zero Drop Running Sneakers Sz 9.5 MNIKE FREE 5.0 TR FIT 4 TEAM WOMENS TRAINING SHOES, SIZES 15, 642069 109Women's Adidas BASELINE Pink AW5418 Sneakers Size 9.5 (CON6) , Women's black gogo boots Boots , Bella Vita Women's Cor-Italy Wedge Sandal Whiskey Italian Leather , Dansko Professional Mary Jane Shoes Size 39 Brown Leather Wedges Heel Buckle 8.5 ,
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
Rag 8.5-9) & Sneakers Bone Embroidered Suede women's Sneakers Suede Size 39 (US 8.5-9) new da6a391 Flats
Powered by VIP.