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New Costco finance exec reassures shoppers that beloved $1.50 hot dog will remain at dirt-cheap price

New Costco finance exec reassures shoppers that beloved $1.50 hot dog will remain at dirt-cheap price


This article was originally published on NY Post - Business. You can read the original article HERE

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 — at least for now, Costco’s new chief financial officer confirmed on Thursday.

CFO Gary Millerchip said he wanted to “confirm the $1.50 hot dog price is safe,” 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 thanks to a pledge made by the grocer’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 changed the hot dog combo price.

The hot dog-soda combo has remained $1.50 for nearly four decades. Bev Shaffer / USA TODAY NETWORK
Costco’s new CFO confirmed that the hot dog price would not be changing. Toby Scott/SOPA Images/Shutterstock
Even non-Costco members have tried to snag the combo deal for years. Getty Images

“‘If you raise the effing hot dog, I will kill you. Figure it out,’” Sinegal told him.

When former CFO Richard Galanti stepped down in March after decades at the helm, rumors circulated that the price of the hot dog combo might finally catch up with the times

However, Millerchip’s comments suggest that the price will remain unchanged for the time being.

Costco also began attempts to crack down on non-members dining at the food court and take advantage of the retailer’s bargain prices, beginning in April.

Costco, which operates 871 warehouses across the US and Puerto Rico, rakes in around $4 billion-plus per year from the fees associated with its membership cards — whose official policy allows anyone with a membership card to bring up to two guests with them on each visit.

This article was originally published by NY Post - Business. We only curate news from sources that align with the core values of our intended conservative audience. If you like the news you read here we encourage you to utilize the original sources for even more great news and opinions you can trust!

Read Original Article HERE



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