
Chipotle Mexican Grill Inc (NYSE:CMG) shares are trading slightly lower Wednesday after the company reported better-than-expected financial results.
Chipotle said first-quarter revenue increased 16% year-over-year to $2.02 billion, which beat the $2.01 billion estimate. The company reported quarterly adjusted earnings of $5.70 per share, which beat the estimate of $5.65 per share, according to data from Benzinga Pro.