The globally recognized chain of membership-only warehouse clubs, Costco, is a household name across various nations.
Since its inception in Seattle, Washington in 1983, the company has seen impressive growth, establishing over 800 warehouses worldwide, including in locations such as Australia, Mexico, Canada, China, France, Sweden, and Japan, to name a few.
A ubiquitous experience at Costco is a visit to their café, which offers a myriad of quick grab-and-go food options like the fan-favorite hot dog, as well as pizza and ice cream sundaes.
Costco has been famously associated with its iconic hot dog combo – a beef hot dog or polish, paired with a 20 oz soda – famously locked at the price of $1.50 since its inception.
However, amidst whispers of a possible price hike following the resignation of CFO Richard Galanti in March, customers have been wondering if changes are afoot.
Read on to uncover more details…
The latest update on this topic comes from Gary Millerchip, who took over the CFO role at Costco. He reassured customers about the price of the cherished hot dog combo during a recent pricing context discussion.
“I also want to confirm the $1.50 hot dog price is safe,” he stated in an interview with CNN’s Nathaniel Meyersohn on Thursday (May 30).
Reflecting on a past discussion, former CEO Craig Jelinek recalled the adamant stance of Jim Sinegal, a co-founder of Costco, about the unchanging price of the hot dog combo.
“‘If you raise the effing hot dog, I will kill you. Figure it out,’” Craig recollected the firm warning from Jim.
In more recent news, April saw Costco begin to enforce a members-only rule for access to its food court services.
In a similar vein, the brand AriZona Iced Tea has also been able to maintain a low cost of $0.99 for its 23oz can over the years!
FAQ Section
Will the price of the Costco hot dog combo increase?
No, according to the new CFO of Costco, Gary Millerchip, the price of $1.50 for the hot dog combo is safe and will not be increasing.
Who is the new CFO of Costco?
The new chief financial officer of Costco is Gary Millerchip, who took over the position after Richard Galanti stepped down in March.
Can non-members eat at Costco’s food court?
No, as of April, Costco has implemented a policy that only allows its members to make purchases and eat at their food court.
Has the AriZona Iced Tea also kept its price constant like Costco’s hot dog combo?
Yes, AriZona Iced Tea has managed to maintain a price of $0.99 for its 23oz can throughout the years.