More on MillerCoors' Q1

|By:, SA News Editor

MillerCoors (SBMRY, TAP) grew profit in Q1 on some cost savings measures even with revenue relatively flat for the period.

The company saw its domestic net revenue per barrel increase 3.3% in Q1 due to a shift in mix.

Brand watch: Sales for two of MillerCoors' well-known beers, Coors Lights and Miller Lite, fell off in the mid-single digits during Q1. In April, the brewer launched ads for Miller High Life and Keystone Light for the first time in two years.