IRI

U.S. retail sales, released by IRI, for the four weeks ended August 7 showed Constellation Brands, Inc. (NYSE: STZ)'s beer sales grew 16 percent. Monster Beverage Corporation (NASDAQ: MNST)'s sales rose 3.4 percent and PepsiCo, Inc. (NYSE: PEP)'s overall retail sales were flat. Constellation Brands...

U.S. stocks gained on Thursday despite the Commerce Department reporting that U.S. gross domestic product declined at a one percent annualized rate in the quarter. Analysts were expecting GDP to decline 0.4 percent. Pending home sales were below expectations but investors may have shrugged off...