Saucy nuggets, steak and sticker shock

This week on Menu Talk, hosts Pat Cobe, senior menu editor of Restaurant Business, and Bret Thorn, senior food and beverage editor at Nation’s Restaurant News, share their take on high menu prices. Their editors at both publications have had a lot to say about fast-food inflation, but how about sticker shock at full-service restaurants? Fogo de Chao has found ways to keep prices reasonable without hurting its margins, as CEO Barry McGowan revealed in a chat with Pat. We played clips from their conversation, in which he talks about controlling costs by purchasing “overhang” from meat suppliers, in-house butchering and introducing new cuts to guests. Fogo has raised menu prices by 2.5% in the last couple of years, while other restaurants in the steakhouse category have averaged 10%, he said. And Bret gives the lowdown on some saucy new fast-food items he tasted. Wendy’s introduced Saucy Nuggs, its version of chicken nuggets tossed and coated with sauce. There’s a choice of seven flavor combos—four spicy and three a little tamer.