Richard Galanti and the $1.50 combo have both been with Costco since 1985.
Since 1985, there have been two constants at Costco: Richard Galanti has been chief financial officer and the famous hot dog and soda combo has cost $1.50.interview with Bloomberg
Asked if anything would happen to the iconic combo once he was gone, Galanti had a succinct response.It was a slightly more measured response than one of the last times the long-tenured executive addressed the Costco food court's flagship product. During aGalanti said at the time that Costco would leverage the other parts of its business to keep the ¼-pound all-beef frank at the same price it has had since the Reagan administration.
Harvard-trained neuroscientist: The No. 1 ‘cheat code' highly successful people use to get ahead at work "Some businesses that are doing well with margin ... 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," he said.Though the chain could make decisions that would benefit it financially, he said Costco is content to stick with what has worked for it.
"We generate more money than we need every year," he told Bloomberg."I'm not trying to look for the last penny by doing something a little more risky."to learn about common passive income streams, tips to get started and real-life success stories. Register today and save 50% with discount code EARLYBIRD.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Costco hot dogs have kept $1.50 price tag since 1985Costco has kept the cost of its hallmark hot dog and soda combo at just $1.50 for its members nationwide since 1985 despite rising food prices elsewhere.
Read more »
Costco CFO weighs in on $1.50 hot dog and soda combo's futureOutgoing Costco CFO Richard Galanti on Tuesday provided an update on whether customers might see changes to the cost of the warehouse retailer’s $1.50 hot dog and soda combo.
Read more »
Costco CFO Says $1.50 Hot Dog and Soda Combo Price is Safe for NowCostco's departing CFO, Richard Galanti, has stated that the $1.50 price for the hot dog and soda combo is likely to remain unchanged for a while. The combo's price has remained the same for nearly four decades due to a pledge from the company's founders.
Read more »
Costco's $1.50 hot dog and soda combo may not be around foreverCostco’s hot dog and soda combo has long been a fixture of its food court, and so has the $1.50 price.
Read more »
Costco CFO Reveals the Fate of the Food Court Hot Dog & Soda ComboYour ultimate source for expert nutrition tips and health advice, covering wellness, healthy recipes, cooking hacks, food news, style trends and shopping.
Read more »
13 Best Costco Deals You Can Score in MarchYour ultimate source for expert nutrition tips and health advice, covering wellness, healthy recipes, cooking hacks, food news, style trends and shopping.
Read more »