The restaurant, that is. Seems sales are sagging.Some analysts estimate the chain might fetch more than $250 million despite the bumpy business climate. Hooters' 450 owned and franchised restaurants, which are as far-flung as Australia and China, racked up more than $1 billion in sales in 2008, according to Technomic, a food-industry research firm.
Nevertheless, insiders said Hooters appears to be strapped financially. The chain's comparable sales lately have suffered steep declines, according to one source, as the hobbled economy has deflated appetites for Hooters' burgers-and-babes fare.
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