Reported 4 months ago
During Costco's Q3 earnings call, new CFO Gary Millerchip assured investors that the $1.50 hot dog combo price is safe, addressing recent speculation following former CFO Richard Galanti's comments hinting at a possible price hike. The iconic $1.50 price, set in the mid-1980s, has remained unchanged due to co-founder James Sinegal's insistence and Costco's cost-saving measures. Costco's strong sales performance in Q3 2023 indicates the hot dog deal may stay affordable for the foreseeable future.
Source: YAHOO