Denver–(BUSINESS WIRE-ENEWSPF))–Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2016.
Highlights for the first quarter of 2016 as compared to the first quarter of 2015 include:
- Revenue decreased 23.4% to $834.5 million
- Comparable restaurant sales decreased 29.7%
- Comparable restaurant transactions decreased 21.1%
- Restaurant level operating margin was 6.8%, a decrease from 27.5%
- Net loss was $26.4 million, a decrease from net income of $122.6…
