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A Hearty News for Costco Customers
Fans of Costco’s extremely wallet-friendly hot dog combo can now breathe a sigh of relief.
In recent revelations made by the company’s newly appointed CFO, the $1.50 hot dog+soda combo will continue to be available at the same steal deal price, much to the delight of the customers. This confirmation comes from none other than Costco’s new chief financial officer himself.
Long-Live the $1.50 Combo!
In his statements, CFO Gary Millerchip made it clear that the price for the $1.50 hot dog will be maintained as it is, reinforcing the words reported by CNN’s Nathaniel Meyersohn.
Over the years, the hot dog combo at this price has carved a place in the hearts of the Costco customers, keeping intact its price since 1985. This was a promise made by the founders of the retail chain, one they’ve stood by till now.
The then-CEO Craig Jelinek, in a 2018 interview, related a story wherein the former CEO Jim Sinegal had humorously threatened him with dire consequences if he ever dared to alter the price of the hot dog combo.
The seriousness of this anecdote is deeply captured in Sinegal’s words relayed by Jelinek, “‘If you raise the effing hot dog, I will kill you. Figure it out.’”
Reassuring Amid the Rumours
Following the stepping down of Richard Galanti, the former CFO, in March, there were rumors aplenty that the price of the loved combo might finally rise. However, the recent comments by Millerchip suggest otherwise, at least for the time being.
In other news, Costco has also started an effort since April to curtail non-members from dining at their food courts and enjoying the company’s highly discounted prices.
Costco, operating 871 warehouses across the US and Puerto Rico, annually generates around $4 billion+ solely from the fees collected from its membership cards. The policy allows any member to bring along two guests during each of their visits.
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