Industry News | January 17, 2012
Boloco Shares Growth Story at ICR XChange Conference
Boloco, the chain of globally inspired burrito restaurants based in Boston, presented to a packed room at this year’s 14th Annual ICR XChange Conference on Tuesday, Jan. 10, 2012.
This is the third year in which Boloco received an invitation to present at the event.
The ICR XChange Conference gathers both small and large private companies that are eager to communicate their growth stories. Boloco COO/CFO Patrick Renna addressed an audience of analysts, investment bankers, and private equity firms on Tuesday to discuss Boloco’s growth during the last several years and plans for 2012 and beyond.
Highlights from his presentation include reports on the company’s strong same-store sales growth during the last eight quarters, driven primarily by an increase in transactions.
The most recent quarter, ending Jan. 1, 2012, finished with same store sales increasing 13 percent.
Boloco is also planning for an entry into its second major market in 2012 with two new locations in Washington, D.C. The company will expand its number of New England locations from 18 to 22 this year, as well.
Renna spoke about what makes Boloco different from its competitors, such as multiple flavors and unique size options (like the “disturbingly small” mini), and the constant innovation “within the tortilla,” referencing a globally inspired menu.
He also drew attention to the company’s ongoing mission to positively impact the lives and futures of its people through bold and inspired food and practices as a key component of its most recent achievements.
For more information on the ICR Xchange, visit http://www.icrxchange.com.
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