Costco’s new chief financial officer has a reassuring message for inflation-weary customers: don’t worry about the price of the $1.50 hot dog-soda combo.
Costco’s new chief financial officer has a reassuring message for inflation-weary customers: don’t worry about the price of the
“To clear up some recent media speculation, I also want to confirm the $1.50 hot dog price is safe,” Costco CFO Gary Millerchip said on an earnings call with analysts Thursday. It was Millerchip’s first earnings call with analysts since taking over for Richard Galanti, Costco’s colorful finance chief of nearly four decades and theending amid rising inflation — some had speculated about the future of Costco’s $1.50 hot dog. The price has remained the same since 1985.
Costco offsets hot dog losses by increasing prices of pizzas and other items at its food courts and cutting costs.
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