News
Costco’s New CFO Confirms $1.50 Hot Dog Price ‘Is Safe’
US News
Published May 30, 2024, 11:38 pm ET
Costco shoppers will love this news.
The wholesale store’s beloved $1.50 hot dog combo will remain available at that dirt-cheap price — at least for now, Costco’s new chief financial officer confirmed Thursday.
CFO Gary Millerchip said he wanted to “confirm that the $1.50 hot dog price is safe,” CNN said. Nathaniel Meyersohn reported.
Sausages have been a longtime customer favorite at Costco, and the price of the $1.50 hot dog and soda combo has remained unchanged since 1985, thanks to a promise made by the grocer’s founders.
In a 2018 interview, then-CEO Craig Jelinek recalled a conversation when retired CEO Jim Sinegal threatened to kill him if he changed the price of the hot dog combo.
The hot dog and soda combo has remained at $1.50 for nearly four decades. Bev Shaffer/USA TODAY NETWORK Costco’s new CFO confirmed that the price of hot dogs would not change. Toby Scott/SOPA Images/Shutterstock Even non-Costco members tried to get the agreed-upon deal for years. Getty Images
“’If you create the damn hot dog, I’ll kill you. Find out,’” Sinegal told him.
When former CFO Richard Galanti stepped down in March after decades at the helm, rumors circulated that the price of the hot dog combo can finally keep up with the times.
However, comments from Millerchip suggest that the price will remain unchanged for now.
Costco has also begun attempts to crack down on non-members Dine in the food court and take advantage of the retailer’s promotional prices, starting in April.
Costco, which operates 871 warehouses in the U.S. and Puerto Rico, brings in about $4 billion or more a year from fees associated with its membership cards — whose official policy allows anyone with a membership card to bring with them up to two guests on each Visit.
Load more…
{{#isDisplay}} {{/isDisplay}}{{#isAniviewVideo}} {{/isAniviewVideo}}{{#isSRVideo}} {{/isSRVideo}}
https://nypost.com/2024/05/30/us-news/costcos-new-chief-finance-officer-confirms-1-50-hot-dog-price-is-safe/?utm_source=url_sitebuttons&utm_medium=site %20buttons&utm_campaign=site%20buttons
Copy URL to share