Despite Inflation, Costco Not Raising Hot Dog Prices Or Membership Fees
This article was originally published on May 27, 2022. It has been modified with updated information. Leading warehouse retailer Costco Wholesale Corp (NASDAQ: COST ) says that even as inflation continues to climb, the retailer will maintain its price for the hot dog-and-soda combo at $1.50. Costco CFO Richard Galanti confirmed that the price will not change during the company’s fourth-quarter earnings call on Thursday, according to the New York Post . What Happened: Costco''s position on keeping the price unaffected was initially stated during its earnings call in May, when the company addressed rumors of a price increase for its hot dog and soda combo and comments previously made about raising the price of its annual membership. “I want to address some incorrect information floating around on social media and a few other media outlets claiming that we have increased the price of our hot dog and soda combinations sold in our food courts. The price today is $1.50, and we have no plans to increase the price at this time,” Costco Senior Vice President Bob Nelson said .
Despite Inflation, Costco Not Raising Hot Dog Prices Or Membership Fees
This article was originally published on May 27, 2022. It has been modified with updated information. Leading warehouse retailer Costco Wholesale Corp (NASDAQ: COST ) says that even as inflation continues to climb, the retailer will maintain its price for the hot dog-and-soda combo at $1.50. Costco CFO Richard Galanti confirmed that the price will not change during the company’s fourth-quarter earnings call on Thursday, according to the New York Post . What Happened: Costco''s position on keeping the price unaffected was initially stated during its earnings call in May, when the company addressed rumors of a price increase for its hot dog and soda combo and comments previously made about raising the price of its annual membership. “I want to address some incorrect information floating around on social media and a few other media outlets claiming that we have increased the price of our hot dog and soda combinations sold in our food courts. The price today is $1.50, and we have no plans to increase the price at this time,” Costco Senior Vice President Bob Nelson said .