Chipotle Mexican Grill (CMG) on Tuesday reported its first quarterly loss in its history as a public company as the burrito chain worked to win back customers after a string of foodborne illness incidents last year.
The Denver-based chain had a first-quarter loss of $26.4 million, or 88 cents per share, less steep than the 95 cent per-share loss analysts had expected, according to Thomson Reuters I/B/E/S. Shares were down 1.5 percent at $439.26 in extended trading after sales at restaurants open at least 13 months were down 29.7 percent, more than the 28.4 percent drop targeted by analysts polled by Consensus Metrix.