With inflation raging everywhere in the world, the price of foods, including our favourite wraps and sandwiches, have been rising. One thing whose price-tag has been seemingly unaffected by the steady price rise, is Costco’s iconic $1.50 hot-dog-and-soda combo.
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As reported by CNBC, Costco's CFO has just spoken about their stand on this bargain combo, whose price has stayed the same since 1985. Honestly, can we think of anything else whose price has shown such stability?
The price of the $1.50 hot-dog-and-soda combo is ‘forever’
According to CNBC, Costco’s CFO Richard Galanti was asked earlier this week if they would consider raising the price of their iconic $1.50 combo.
The CFO first responded by joking that,
lightning just struck me
He then went on to say that Costco would hold on to the same prices for their hot dog and soda 'forever.' He is quoted as saying,
Some businesses that are doing well with margin ... those things help us be more aggressive in other areas, or, as you mentioned, hold the price on the hot dog and the soda a little longer — forever.
Costco isn’t raising membership fees
Earlier this week, Los Angeles Timeshad reported that Costco would also not be raising its membership fees after the company saw a record number of membership renewals.
For now, Costco’s appeal among its members and the public remains as strong as ever. The company is also optimistic about being able to sell the left over holiday stock from last year, this festive season.
Sources used:
CNBC: ‘Lightning just struck me’: Why Costco’s CFO says the price of the $1.50 hot-dog-and-soda combo is ‘forever’
Los Angeles Times: ' Costco won’t raise membership fees as renewals surge'
Read more:
⋙ This UK supermarket’s popular wine advent calendar is coming back soon
⋙ Food recall: UK Authorities have recalled this supermarket snack due to health risks
⋙ This is what 'forever chemicals' found in fast-food wrappers do to your body
