Inflation is still rising all around us, which makes this news even more unbelievable! The sour economy doesn’t have the power to change the amazingly cheap price of the popular hot dog combo at Costco.
Costco’s chief financial officer, Richard Galanti, just made an announcement that is going to cause shouts of pleasure across America. He said that the company has no plans to raise the price of the $1.50 hot dog and soda combo.
According to MarketWatch, Galanti referenced the iconic food court combo during a call about the company’s fourth fiscal quarter results.
When he was asked if his company planned to raise prices in some areas to offset others, the CFO gave the following response:
“We really don’t look at it that way. I think the thing I mentioned earlier about there (being) some businesses that are doing well with margin, like (the) gas business, (in) a smaller way — in the travel business, those things help us be more aggressive in other areas, or, as you mentioned, hold the price on the hot dog and the soda a little longer — forever. But at the end of the day, no, I don’t think we necessarily look to find places where we can harvest margin.”
You might also want to know that Costco co-founder Jim Sinegal once told a co-worker that he would kill him if he raise the price of the hot dog combo.
Sinegal was asked by The Seattle Times if the price of the popular combo ever goes up, what would that mean?
In response, Sinegal said he would have to be dead before that happened and shared the following sentiment.
“We’re known for that hot dog. That’s something you don’t mess with.”
The iconic food court item hasn’t changed in price since it was added to the menu in the 1980s.
