Chipotle Mexican Grill CMG just released its first quarter 2016 earnings results, posting earnings of $-0.88 per share and revenue of $834.5 million. Currently, CMG has a Zacks Rank #5 (Strong Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Chipotle: 1. Beat earnings estimates. The company posted earnings of $-0.88 per share, topping our Zacks Consensus Estimate of $-1.06. 2. Missed revenue estimates. The company saw revenue figures of $834.5 million, lagging behind our consensus estimate of $857 million and reflecting a decrease of 23.4% from the year-ago period. 3. Reported comparable restaurant sales decreased 29.7% and net loss of $26.4 million. 4. For 2016, management expects to open 220-235 new restaurants. 5. CMG was down $11.92, or 2.67%, to $434.00 as of 4:44 PM ET in after-hours trading shortly after its earnings report was released. Here’s a graph that looks at Chipotle’s street actual and estimate EPS: Chipotle offers a focused menu of burritos, tacos, burrito bowls, and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere. Through its vision of Food with Integrity, Chipotle is seeking better food not only from a variety of fresh ingredients, but ingredients that are sustainably grown and naturally raised with respect for the animals, the land, and the farmers who produce the food. Check back later for our full analysis onChipotle’s first quarter earnings report! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CHIPOTLE MEXICN (CMG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research