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Chipotle Just Reported its First Quarterly Loss in History

Chipotle Becomes First Non-GMO US Restaurant ChainChipotle Becomes First Non-GMO US Restaurant Chain
Chipotle Mexican Grill workers fill orders for customers.Photograph by Joe Raedle — Getty Images

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.