Chipotle reports first quarterly loss as public company

Chipotle reports first quarterly loss as public company

Sales are on the path to recovery

Chipotle Mexican Grill Inc. on Tuesday reported its first quarterly loss as a public company, but said sales are on a gradual path to recovery.

Same-store sales for the March 31-ended first quarter decreased by 29.7 percent, primarily as a result of declines in transactions after the Denver-based chain suffered months of foodborne illness outbreaks at the end of 2015. The company said restaurant transactions dropped 21.1 percent.

Declines in average check, primarily f

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