All of us are losing profits, thanks to all time high prices for cheese. I think the question is how much are we willing to lose before we do something about it? Raising prices on everything can be done without customers complaining too much. I did this recently with all of our take n bakes. I used Wal Marts pricing (7.61, 9.43) odd numbers. Not one person complained at the 10%-20% increase.
It does not look like the cheese price is going to come down much. I think we are stuck with these cheese prices for a long long time. Every restaurant I go to has raised prices on their food recently.