The Great Steak Squeeze: Why Your Favorite Flanigan's Ribeye Might Cost More Than Ever

Key points

• Flanigan's latest 10-Q report indicates significant increases in food, beverage, and labor costs, directly impacting menu prices for consumers.
• These rising costs are not unique to Flanigan's; they reflect broader inflationary trends and labor market challenges across the entire restaurant industry.
• Expect continued gradual price increases on menu items, particularly those with higher food or labor input costs, like steaks and fresh seafood.
• Consumers can mitigate these rising costs by being strategic: look for lunch specials, happy hour deals, utilize loyalty programs, share generous portions, and be mindful of drink choices.
• Understanding the underlying financial pressures on restaurants empowers you to make smarter dining decisions and stretch your food budget further.

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