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Article: The price of dining out Restaurants find ways to cope with rising costs
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- September 12, 2008
- Author:
CopyrightCopyright 2008 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Say you're a restaurateur. You're looking over the bill for your
ingredients, and you see the price of short ribs has doubled. What
do you do?
When that happened to Mike Stoner, co-owner of North Star
American Bistro in Brookfield and Shorewood, he knew what he
couldn't do: "I can't increase my prices 100 percent," he said.
Just as consumers are getting hammered with higher prices, so are
restaurateurs. They say most price increases have slowed since the
rapid rise in spring but they remain volatile. Those short-rib
prices have dropped somewhat but aren't at their original prices by
a long shot, according to Stoner.
Restaurants historically have operated on notoriously thin profit
margins; ...