Costco will be keeping the price of its signature hot dog and drink combination inexpensive for customers despite soaring inflationary pressures, although prices for other items at the store may increase.
Costco CFO Richard Galanti revealed the news during the company’s fourth-quarter earnings call on Sept. 22 after being asked whether the retailer would look at increasing the price of its famous combo to offset tightening margins owing to the cheap meal.
Galanti joked that “lightning just struck me,” before adding, “No, we really don’t look at it that way … there are some businesses that are doing well with margins like [the] gas business in a smaller way, in the travel business, 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.”…