Costco's new CFO says $1.50 hot dog and soda combo is here to stay

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Costco's new CFO says $1.50 hot dog and soda combo is here to stay
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The ¼-pound all-beef frank has been the same price since 1985.

Just two months into his tenure, Costco's new finance chief Gary Millerchip has provided an update on the price of the chain's iconic $1.50 hot dog and soda combo.Speaking to CNN's Nathaniel Meyersohn, Millerchip said the price will be staying at the same place it has been since 1995.He added that while Costco could easily make decisions that would bring in more money, the chain was happy to deliver the value its customers love.

42-year-old left her job in marketing to become a ‘breakup coach'—her first book deal was worth 6 figures "We generate more money than we need every year," he said."I'm not trying to look for the last penny by doing something a little more risky." In 2022, Galanti also said that Costco would leverage other parts of its business to keep the ¼-pound all-beef frank at $1.50 for as long as possible.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"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.. We'll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression.

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