Chipotle Mexican Grill (NYSE: CMG) reported Q1 EPS of ($0.88), $0.07 better than the analyst estimate of ($0.95). Revenue for the quarter came in at $834.5 million versus the consensus estimate of $880.21 million.

• Comparable restaurant sales decreased 29.7%
• Comparable restaurant transactions decreased 21.1%

Outlook

For 2016, management expects the following:

• 220 - 235 new restaurant openings
• An effective full year tax rate of approximately 38.4%

For earnings history and earnings-related data on Chipotle Mexican Grill (CMG) click here.

Earnings Guidance Hot Earnings Retail Sales

Chipotle Mexican Grill's (CMG) Price Target Lowered to $300 at MaximApril 27, 2016 8:05 AM Chipotle Mexican Grill (CMG) Estimates, PT Lowered at UBSApril 27, 2016 7:59 AM BTIG Downgrades Chipotle Mexican Grill (CMG) to NeutralApril 27, 2016 7:24 AM Chipotle (CMG) Recovery Remains 'When Not If' - Piper JaffrayApril 27, 2016 7:11 AM Chipotle Mexican Grill, Inc. Announces First Quarter 2016 ResultsApril 26, 2016 4:30 PM Chipotle's troubles might help Panera as both serve up reportsApril 25, 2016 3:58 PM