The droopy fortunes of Hooters
Posted: Mon Jul 01, 2024 8:31 amhttps://torontosun.com/business/money-news/thanks-for-the-mammaries-hooters-sagging-fortunes-spark-fears
Hooters is still the sugar daddy of the breastaurant business with its patented babes and booze formula.
But last week, the public got a sneak peek into the chain’s sagging fortunes when the company abruptly shuttered 40 restaurants. At its peak, the chain had 600 locations. With the recent cuts, Hooters is down to 293 outlets.
That includes outlets in downtown Toronto, at Pearson International Airport, and locations in Niagara Falls and Montreal.
Still, the company is putting its breast foot forward, saying Hooters is “highly resilient and relevant.”
