Costco has become one of the most well-known warehouse stores in the world!
Founded in Seattle, Wash., in 1983, the retailer has expanded all across the United States, and has branched out to countries like Australia, Mexico, Canada, China, France, Sweden, Japan and many more. There are over 800 warehouse locations worldwide.
One must during a Costco trip for many is to the café to get one of their quick service food items, from pizza to a hot dog, or even an ice cream sundae.
Costco has also become synonymous with it’s low price for a hot dog combo – a quarter pound beef hot dog or polish, and a 20 oz soda – which has been priced at $1.50 since it first opened.
So, will that price ever change? There were rumors of the possibility after CFO Richard Galanti stepped down in March.
Keep reading to find out more…
The company’s new chief financial officer, Gary Millerchip, just shared on update on the hot dog combo amid increasing prices.
“I also want to confirm the $1.50 hot dog price is safe,” he told CNN’s Nathaniel Meyersohn on Thursday (May 30).
Back in 2018, Craig Jelinek, who was CEO at the time, recalled a convo with previous CEO Jim Sinegal, who is one of the founders of Costco, telling him that the combo price would never change.
“‘If you raise the effing hot dog, I will kill you. Figure it out,’” Craig recalled Jim telling him.
Back in April, Costco started cracking down on who has access to eat their food court, with it being limited to Costco members only.
If you didn’t know, AriZona Iced Tea has also maintained a low price of $0.99 for it’s 23oz can for many years!
