Costco shoppers will relish this news.
The wholesale retail store’s beloved $1.50 hot dog combo will remain available at that dirt-cheap price — no less than for now, Costco’s latest chief financial officer confirmed on Thursday.
CFO Gary Millerchip said he desired to “confirm the $1.50 hot dog price is secure,” CNN’s Nathaniel Meyersohn reported.
The franks have been a long-standing customer favorite staple at Costco, and the $1.50 hot dog-soda combo’s price has remained unchanged since 1985 due to a pledge made by the grocery store’s founders.
In a 2018 interview, then-CEO Craig Jelinek recalled a conversation when since-retired CEO Jim Sinegal threatened to kill him if he modified the new dog combo price.
The new dog-soda combo has remained $1.50 for nearly 4 a long time. Bev Shaffer / USA TODAY NETWORK
Costco’s latest CFO confirmed that the new dog price wouldn’t be changing. Toby Scott/SOPA Images/Shutterstock
Even non-Costco members have tried to snag the combo deal for years. Getty Images
“‘Should you raise the effing hot dog, I’ll kill you. Figure it out,’” Sinegal told him.
When former CFO Richard Galanti stepped down in March after a long time on the helm, rumors circulated that the worth of the new dog combo might finally meet up with the times.
Nevertheless, Millerchip’s comments suggest that the worth will remain unchanged in the intervening time.
Costco also began attempts to crack down on non-members dining on the food court and reap the benefits of the retailer’s bargain prices, starting in April.
Costco, which operates 871 warehouses across the US and Puerto Rico, rakes in around $4 billion-plus per yr from the fees related to its membership cards — whose official policy allows anyone with a membership card to bring as much as two guests with them on each visit.
