Costco Confirms $1.50 Hot Dog Combo Price is Here to Stay
TL;DR Summary
Costco's new CFO, Gary Millerchip, confirmed during his first earnings call that the price of the $1.50 hot dog and soda combo will remain unchanged, dispelling recent speculation. This price has been stable since the mid-1980s, despite previous comments from former CFO Richard Galanti suggesting a potential increase. The company has managed to maintain this price by manufacturing its own hot dogs and leveraging revenue from other business sectors. Costco reported a 9.1% increase in sales for Q3 2023, exceeding expectations.
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