The Buzz
All markets and investing news all the time

THIERRY RABOTIN Black Black localjoes-27793 Solid Lena Comfort Loafer Shoes EUC Comfort Sz 9 Bin 3443 6c3b057

Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: excellent used condition
Brand: Thierry Rabotin Pattern: Textured
Color: Black Style: Loafers & Moccasins
Fastening: velcro US Shoe Size (Women's): 9
Heel Height: Low (3/4 in. to 1 1/2 in.) Width: Medium (B, M)
Material: leather/canvas UPC: N/A

THIERRY RABOTIN Black Black localjoes-27793 Solid Lena Comfort Loafer Shoes EUC Comfort Sz 9 Bin 3443 6c3b057 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
THIERRY RABOTIN Black Black localjoes-27793 Solid Lena Comfort Loafer Shoes EUC Comfort Sz 9 Bin 3443 6c3b057
THIERRY RABOTIN Black Black localjoes-27793 Solid Lena Comfort Loafer Shoes EUC Comfort Sz 9 Bin 3443 6c3b057 -

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%.

THIERRY RABOTIN Black Black localjoes-27793 Solid Lena Comfort Loafer Shoes EUC Comfort Sz 9 Bin 3443 6c3b057

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
THIERRY RABOTIN Black Black localjoes-27793 Solid Lena Comfort Loafer Shoes EUC Comfort Sz 9 Bin 3443 6c3b057 -
About This Author
THIERRY RABOTIN Black Black localjoes-27793 Solid Lena Comfort Loafer Shoes EUC Comfort Sz 9 Bin 3443 6c3b057 -
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
SOFTWALK WOMENS 6.5M MARIPOSA GREEN SUEDE CLOGS - Brand New in Box , Munro Olympia Shoe - Women's Size 8.5 N, Black , Donald J Pliner Women's Becan-26 Ankle-High Vinyl Flat Shoe , Womens VINCE White Fabric Fashion Slip-on Sneakers Sz. 8.5 M , Brand New Tory Burch Gabrielle Patent Flats Dulce De Leche / Dusk Size 10.5 , Salvatore Ferragamo Wingtip Golf Shoe Women 7 Black Leather Sole Made in Italy , JEFFREY CAMPBELL Walsh Black Pointy Toe Ankle Strap Mary Jane Flat Size 7.5 $130 , Santoni Women's Flats 100% Authentic Italian Made - USA Seller , CIRCUS by Sam Edelman Rhinestone Starburst Fuchia Pelham Mule Flats NIB Size 6 , Dansko Olivia Metallic Leopard Flat Womens sizes 36-42/6-12 NEW!!! , NEW Women's Hotter Sorbet Shoes Loafers, Navy Pebble, Size 9 US; $99COLE HAAN AIR JENNI BALLET FLAT II BEET PINK SUEDE D37066 WOMEN SHOE SIZE 6.5 B , TORY BURCH Kendrick Calf Hair Driving Flat Moccasin Brown Loafer Sz 8.5 #D22TORY BURCH 6 Bright Blue Patent Leather Woven Raffia Flats With BowBedStu TAP Women's Ballet Flats Fashion Shoes - Silver Lux Grey Canvas$158 size 8 Botkier Sloan Black Leather Embellished Platform Espadrille ShoesVince Brown Leather Calf Fur Slip On Shoes Sneakers Women's Size US 7MDr. Scholl's Cate wedge oxfords ADDS HEIGHT sz 11 Md , VIA SPIGA New Size 8.5 M Black Suede Wedge Loafer with White Contrast StitchingFrench Sole Well Flats, Women's Size 8.5 B, Black , MUNRO AMERICAN Womens Black Suede Loafers Sz 6.5 WRose Petals by Walking Cradles Size 10 BUTTER Tan Leather Flats New Womens Shoes , Donald J. Pliner Degree Cowhide Print Italian Shoes Women's size: 6 1/2 MNice! FOOTPRINTS by Birkenstock brown Slip-On LOAFERS size US 5- 5.5 /NIB Pour La Victoire Rissa NAVY CALF Smoking Loafer 6 6.5 7.5 8 tassel DETAIL , New Women's Clark's "Hayla Sage" Brown Tumb Shoes Clogs Oxfords Slide Ins , COLE HAAN TALI BOW women Ballet Flats (8.5M, CAMEO LZRD) , Paul Green 8.5 Brown Patent Leather Slip On Loafers Womens Shoes , ZARA WOMAN PLATFORM DERBY SHOES US8, EU39, REF. 7297/201
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 Valerie Stevens Women's Italy Black Leather Tall Riding Equestrian Boots Size 7M , Fifty-50-3 New Over the Knee Zip Casual Women Winter Boots Camel/Leopard 8- , Western Boots mens military Chunky Unisex Riding Womens Comfort booties US 5-9Women’s Platform Ankle Boots by Candies Sz 9.5 Black Shoes Rounded ToeRip Curl Saddle black suede leather calf height wedge platform boots womens 10 , Rockport Womens Ankle Boot Sz 10 M Black Leather Cap Toe Inside Zip Bootie Shoes , Kelsi Dagger Brooklyn Women's Kenmare Ankle Boot, Sienna, Size 9.5Ralph Lauren Denim Supply women Leather Riding slouch Studded BootsWomens Earth Shoes Anise Bark Slip On Zipper Leather [601627WLEA] , Roxy Womens Rory Shoe Flat- Select SZ/Color. , LAUREN CONRAD Mid-Calf Thia Moccasin Fringed Suede Gray Boots 5.5M-6MASH Loco ladies sz 40 taupe suede fringe, studded ankle bootsBOTTES HAUTE CUIR PATRICK COX TAILLE 36 BOOTS/BOTAS/STIVALI TBE$375 size 7 Stuart Weitzman Bolshoi Naked Suede Ballet Flat Womens Dress ShoesRARE Doc Dr. Martens Alexei Leather Oxford Sneaker Black US 7 NEW Women's , Sesto Meucci Women's 521 979191, Roccia Vero Print, 8 M US , Frye Brown Leather Clementine Flats Mary Janes Ankle Strap Women's Size 6.5 M , RTBU Ballet Stiletto Hi Heel Pointe Ballerina Satin Silky Frill Ribbon Shoe , New FRYE Ember Cross Comfort Ballet Flats 8M Camel Leather Sunwash Nubuke Sz 8MBurberry Heritage Shipley Scrunch House Check Ballet Flats Size 35.5 , STUART WEITZMAN Gold Glitter Flat Espadrille Sz 10 $325 , New In Box Johnston & Murphy Womens Eden Gray Slip On Shoesbx32662 Jc Play By Jeffrey Campbell multicolor woman's shoesCrocs Women's Stretch Sole Skimmer Flat - Choose SZ/Color , New Womens Chic Pearl Bead Trimmed Heel Cow Leather Oxford Loafer Party Pumps YT , AUTH YSL Saint Laurent Flat Shoes 38 , Nike Tanjun Racer Womens 921668-009 Black Storm Pink Volt Running Shoes Size 9 , Blondo Womens Baxton Mushroom Suede Fashion Sneaker Size 6.5 (11300) , Women's Paul Green Metallic Brogues FlatsWomen's FRYE Women’s Black Booties (6.5) Boots
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
THIERRY RABOTIN Black Black localjoes-27793 Solid Lena Comfort Loafer Shoes EUC Comfort Sz 9 Bin 3443 6c3b057 Flats
Powered by VIP.