Chipotle Mexican Grill's (CMG) Price Target Lowered to $300 at Maxim
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Chipotle Mexican Grill, Inc. Announces First Quarter 2016 Results
April 26, 2016 4:30 PM EDTDENVER--(BUSINESS WIRE)-- 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 million Diluted loss... More