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Costco makes decision about $1.50 hot dog-and-soda combo as inflation soars
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zinn
Oct 1, 2022, 2:49:46 AM10/1/22
to
A top Costco Wholesale executive confirmed the big-box retailer has no
plans to change the price of its $1.50 hot dog-and-soda combo at its
stores despite months of decades-high inflation.
Costco CFO Richard Galanti reiterated the cheap price point on the fan-
favorite deal would stay in place during the company’s fourth-quarter
earnings call on Thursday.
An analyst asked whether Costco was adjusting prices in other parts of its
business to maintain sales margins for its hot dog-and-soda deal and other
value offerings.
“Lightning just struck me,” Galanti joked when the combo was mentioned. He
added that higher-margin businesses such as gas and travel sales help
Costco maintain its value deals.
“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,” Galanti added.
Costco and other retailers have hiked prices over the last year, passing
along the higher costs of commodities and goods to consumers. Inflation
has slightly declined in recent months but was still hovering at a hotter-
than-expected 8.3% in August.
Galanti estimated that price inflation at Costco was about 8% during the
fourth quarter, with increases “a little higher on the food and sundries
side.”
Costco doesn’t have any immediate plans to hike its membership fees,
according to the executive. Annual membership dues at the retailer
currently start at $60.
Still, Galanti noted that membership price increases were likely at some
point in the future. Costco has generally hiked its fees roughly every
five to six years.
“Our view is, is we are confident in our ability to do so and at some
point, we will. But it’s a question of when, not if,” Galanti said.
Despite the inflationary environment, Costco topped analysts’ expectations
in the fourth quarter. The retailer posted quarterly revenue $72.09
billion and earnings per share.
But shares still fell more than 4% in trading Friday after executives
noted a decline in gross margins.
Costco executives have famously avoided hiking prices in their food
courts, especially for the hot dog-and-soda combo, regardless of changes
in the economy.
In July, Costco CEO Craig Jelinek delivered a one-word answer when asked
on CNBC whether prices changes were being considered for the deal.
“No,” he said.
https://nypost.com/2022/09/23/costco-to-keep-1-50-hot-dog-and-soda-combo-
forever-despite-inflation-exec/
plans to change the price of its $1.50 hot dog-and-soda combo at its
stores despite months of decades-high inflation.
Costco CFO Richard Galanti reiterated the cheap price point on the fan-
favorite deal would stay in place during the company’s fourth-quarter
earnings call on Thursday.
An analyst asked whether Costco was adjusting prices in other parts of its
business to maintain sales margins for its hot dog-and-soda deal and other
value offerings.
“Lightning just struck me,” Galanti joked when the combo was mentioned. He
added that higher-margin businesses such as gas and travel sales help
Costco maintain its value deals.
“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,” Galanti added.
Costco and other retailers have hiked prices over the last year, passing
along the higher costs of commodities and goods to consumers. Inflation
has slightly declined in recent months but was still hovering at a hotter-
than-expected 8.3% in August.
Galanti estimated that price inflation at Costco was about 8% during the
fourth quarter, with increases “a little higher on the food and sundries
side.”
Costco doesn’t have any immediate plans to hike its membership fees,
according to the executive. Annual membership dues at the retailer
currently start at $60.
Still, Galanti noted that membership price increases were likely at some
point in the future. Costco has generally hiked its fees roughly every
five to six years.
“Our view is, is we are confident in our ability to do so and at some
point, we will. But it’s a question of when, not if,” Galanti said.
Despite the inflationary environment, Costco topped analysts’ expectations
in the fourth quarter. The retailer posted quarterly revenue $72.09
billion and earnings per share.
But shares still fell more than 4% in trading Friday after executives
noted a decline in gross margins.
Costco executives have famously avoided hiking prices in their food
courts, especially for the hot dog-and-soda combo, regardless of changes
in the economy.
In July, Costco CEO Craig Jelinek delivered a one-word answer when asked
on CNBC whether prices changes were being considered for the deal.
“No,” he said.
https://nypost.com/2022/09/23/costco-to-keep-1-50-hot-dog-and-soda-combo-
forever-despite-inflation-exec/
Jerry Sauk
Oct 4, 2023, 2:29:18 PM10/4/23
to
"zinn" <zi...@reno.us> wrote in message news:XnsAF22F2...@0.0.0.2...
>A top Costco Wholesale executive confirmed the big-box retailer has no
> plans to change the price of its $1.50 hot dog-and-soda combo at its
> stores despite months of decades-high inflation.
>
> Costco CFO Richard Galanti reiterated the cheap price point on the fan-
> favorite deal would stay in place during the company's fourth-quarter
> earnings call on Thursday.
>
> An analyst asked whether Costco was adjusting prices in other parts of its
> business to maintain sales margins for its hot dog-and-soda deal and other
> value offerings.
>
> "Lightning just struck me," Galanti joked when the combo was mentioned. He
> added that higher-margin businesses such as gas and travel sales help
> Costco maintain its value deals.
>
> "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 -
> plans to change the price of its $1.50 hot dog-and-soda combo at its
> stores despite months of decades-high inflation.
>
> Costco CFO Richard Galanti reiterated the cheap price point on the fan-
> favorite deal would stay in place during the company's fourth-quarter
> earnings call on Thursday.
>
> An analyst asked whether Costco was adjusting prices in other parts of its
> business to maintain sales margins for its hot dog-and-soda deal and other
> value offerings.
>
> "Lightning just struck me," Galanti joked when the combo was mentioned. He
> added that higher-margin businesses such as gas and travel sales help
> Costco maintain its value deals.
>
> "Those things help us be more aggressive in other areas, or as you
my area but it is far away on the other side of town. I really would like
to try one, but it's not worth the trip especially if I have to buy a
membership.
danny burstein
Oct 4, 2023, 2:36:07 PM10/4/23
to
In <ldOdnRVqsdBlM4D4...@supernews.com> "Jerry Sauk" <jerr...@hotmail.com> writes:
[snip]
>Do yuo have to be a member to get teh Hot Dog's at costco? There is one in
>my area but it is far away on the other side of town. I really would like
>to try one, but it's not worth the trip especially if I have to buy a
>membership.
fraid so. Without membership you can (depending on State) purchase
booze and drugs (the latter at a higher price than members) but that's it.
** HOWVER **, if you have one of their "gift cards" (pre-paid cash cards),
you can go into the store and purchase anything. You can use, say,
a $50 card for a $75 purchase and make up the rest in cash.
So if you've got a friend with a membership, ask them to
pick up a couple of $25 cards, use them to get your hot dog,
and I guarantee you'll find something else to use the
rest on.
--
_____________________________________________________
Knowledge may be power, but communications is the key
dan...@panix.com
[to foil spammers, my address has been double rot-13 encoded]
[snip]
>Do yuo have to be a member to get teh Hot Dog's at costco? There is one in
>my area but it is far away on the other side of town. I really would like
>to try one, but it's not worth the trip especially if I have to buy a
>membership.
booze and drugs (the latter at a higher price than members) but that's it.
** HOWVER **, if you have one of their "gift cards" (pre-paid cash cards),
you can go into the store and purchase anything. You can use, say,
a $50 card for a $75 purchase and make up the rest in cash.
So if you've got a friend with a membership, ask them to
pick up a couple of $25 cards, use them to get your hot dog,
and I guarantee you'll find something else to use the
rest on.
--
_____________________________________________________
Knowledge may be power, but communications is the key
dan...@panix.com
[to foil spammers, my address has been double rot-13 encoded]
Fake ID
Oct 5, 2023, 1:59:34 AM10/5/23
to
In article <ufkbak$dns$1...@reader2.panix.com>,
Usually the food court is inside the building so membership is required
to access. But Sunnyvale, CA has (had? haven't been there in a long
time) the food court outside, so anyone could buy food there.
m
danny burstein <dan...@panix.com> wrote:
>In <ldOdnRVqsdBlM4D4...@supernews.com> "Jerry Sauk"
><jerr...@hotmail.com> writes:
>
>[snip]
>
>>Do yuo have to be a member to get teh Hot Dog's at costco? There is one in
>
>In <ldOdnRVqsdBlM4D4...@supernews.com> "Jerry Sauk"
><jerr...@hotmail.com> writes:
>
>[snip]
>
>>Do yuo have to be a member to get teh Hot Dog's at costco? There is one in
>
>fraid so. Without membership you can (depending on State) purchase
>booze and drugs (the latter at a higher price than members) but that's it.
IIRC, also tires in NJ.
>booze and drugs (the latter at a higher price than members) but that's it.
Usually the food court is inside the building so membership is required
to access. But Sunnyvale, CA has (had? haven't been there in a long
time) the food court outside, so anyone could buy food there.
m
danny burstein
Oct 5, 2023, 2:08:49 AM10/5/23
to
[list of groups edited]
In <ufljc3$q63o$1...@dont-email.me> no-...@sonic.net (Fake ID) writes:
>In article <ufkbak$dns$1...@reader2.panix.com>,
>danny burstein <dan...@panix.com> wrote:
>>In <ldOdnRVqsdBlM4D4...@supernews.com> "Jerry Sauk"
>><jerr...@hotmail.com> writes:
>>
>>[snip]
>>
>>>Do yuo have to be a member to get teh Hot Dog's at costco? There is one in
>>
>>fraid so. Without membership you can (depending on State) purchase
>>booze and drugs (the latter at a higher price than members) but that's it.
>IIRC, also tires in NJ.
Until earlier this year, you could buy gasoline without membership
but Costco ended that practice. Could you be mixing and matching?
In <ufljc3$q63o$1...@dont-email.me> no-...@sonic.net (Fake ID) writes:
>In article <ufkbak$dns$1...@reader2.panix.com>,
>danny burstein <dan...@panix.com> wrote:
>>In <ldOdnRVqsdBlM4D4...@supernews.com> "Jerry Sauk"
>><jerr...@hotmail.com> writes:
>>
>>[snip]
>>
>>>Do yuo have to be a member to get teh Hot Dog's at costco? There is one in
>>
>>fraid so. Without membership you can (depending on State) purchase
>>booze and drugs (the latter at a higher price than members) but that's it.
>IIRC, also tires in NJ.
but Costco ended that practice. Could you be mixing and matching?
The Real Bev
Oct 5, 2023, 2:27:21 AM10/5/23
to
kiosk -- you swipe your card, place the order and then pick it up at the
window.
--
Cheers,
Bev
"The Flat Earth Society has members all over the globe."
-- Bob Henson
KWills
Oct 5, 2023, 4:14:47 AM10/5/23
to
are a few exceptions.
I've heard, but never bothered to check, that those who are 21
years of age, or older, may buy alcohol without a membership.
Find someone with a membership and ask to tag along on their next
trip.
Why did you wait over a year to ask?
--
A small number of the documented lies of Jerry "Jenny" Sauk.
http://jerrylies.byethost22.com/
KlausSchadenfreude
Oct 5, 2023, 8:18:44 AM10/5/23
to
On Thu, 5 Oct 2023 06:08:47 -0000 (UTC), danny burstein
<dan...@panix.com> wrote:
>[list of groups edited]
>
>In <ufljc3$q63o$1...@dont-email.me> no-...@sonic.net (Fake ID) writes:
>
>>In article <ufkbak$dns$1...@reader2.panix.com>,
>>danny burstein <dan...@panix.com> wrote:
>>>In <ldOdnRVqsdBlM4D4...@supernews.com> "Jerry Sauk"
>>><jerr...@hotmail.com> writes:
>>>
>>>[snip]
>>>
>>>>Do yuo have to be a member to get teh Hot Dog's at costco? There is one in
>>>
>>>fraid so. Without membership you can (depending on State) purchase
>>>booze and drugs (the latter at a higher price than members) but that's it.
>
>>IIRC, also tires in NJ.
>
>Until earlier this year, you could buy gasoline without membership
>but Costco ended that practice. Could you be mixing and matching?
Really? By me, you always had to stick your costco card in before your
<dan...@panix.com> wrote:
>[list of groups edited]
>
>In <ufljc3$q63o$1...@dont-email.me> no-...@sonic.net (Fake ID) writes:
>
>>In article <ufkbak$dns$1...@reader2.panix.com>,
>>danny burstein <dan...@panix.com> wrote:
>>>In <ldOdnRVqsdBlM4D4...@supernews.com> "Jerry Sauk"
>>><jerr...@hotmail.com> writes:
>>>
>>>[snip]
>>>
>>>>Do yuo have to be a member to get teh Hot Dog's at costco? There is one in
>>>
>>>fraid so. Without membership you can (depending on State) purchase
>>>booze and drugs (the latter at a higher price than members) but that's it.
>
>>IIRC, also tires in NJ.
>
>Until earlier this year, you could buy gasoline without membership
>but Costco ended that practice. Could you be mixing and matching?
credit card.
danny burstein
Oct 5, 2023, 10:10:14 AM10/5/23
to
In <ibathi5s969mi27lg...@Rudy.Canoza.is.a.forging.cocksucking.dwarf.com> KlausSchadenfreude <klaus.schade...@gmail.com> writes:
[snip]
>>>IIRC, also tires in NJ.
>>
>>Until earlier this year, you could buy gasoline without membership
>>but Costco ended that practice. Could you be mixing and matching?
>Really? By me, you always had to stick your costco card in before your
>credit card.
I should have clarified.. I was replying to the earlier poster
who talked about "tires in NJ" to point out that _in NJ_ you
could pull that gasoline deal. (No other States) But they ended
that deal.
[USA Today]
Costco is ending an exception that gave New Jersey residents a break on gas
https://www.usatoday.com/story/money/2022/06/09/costco-new-jersey-gas-price-inflation/7573012001/
[snip]
>>>IIRC, also tires in NJ.
>>
>>Until earlier this year, you could buy gasoline without membership
>>but Costco ended that practice. Could you be mixing and matching?
>Really? By me, you always had to stick your costco card in before your
>credit card.
who talked about "tires in NJ" to point out that _in NJ_ you
could pull that gasoline deal. (No other States) But they ended
that deal.
[USA Today]
Costco is ending an exception that gave New Jersey residents a break on gas
https://www.usatoday.com/story/money/2022/06/09/costco-new-jersey-gas-price-inflation/7573012001/
Jerry Sauk
Feb 11, 2024, 5:45:05 AMFeb 11
to
"danny burstein" <dan...@panix.com> wrote in message
news:ufkbak$dns$1...@reader2.panix.com...
> In <ldOdnRVqsdBlM4D4...@supernews.com> "Jerry Sauk"
> <jerr...@hotmail.com> writes:
>
> [snip]
>
>>Do yuo have to be a member to get teh Hot Dog's at costco? There is one
>>in
>>my area but it is far away on the other side of town. I really would like
>>to try one, but it's not worth the trip especially if I have to buy a
>>membership.
>
> fraid so. Without membership you can (depending on State) purchase
> booze and drugs (the latter at a higher price than members) but that's it.
>
> ** HOWVER **, if you have one of their "gift cards" (pre-paid cash cards),
> you can go into the store and purchase anything. You can use, say,
> a $50 card for a $75 purchase and make up the rest in cash.
>
> So if you've got a friend with a membership, ask them to
> pick up a couple of $25 cards, use them to get your hot dog,
> and I guarantee you'll find something else to use the
> rest on.
Geez, a simple YES OR NO would've been enough.
> <jerr...@hotmail.com> writes:
>
> [snip]
>
>>Do yuo have to be a member to get teh Hot Dog's at costco? There is one
>>in
>>my area but it is far away on the other side of town. I really would like
>>to try one, but it's not worth the trip especially if I have to buy a
>>membership.
>
> fraid so. Without membership you can (depending on State) purchase
> booze and drugs (the latter at a higher price than members) but that's it.
>
> ** HOWVER **, if you have one of their "gift cards" (pre-paid cash cards),
> you can go into the store and purchase anything. You can use, say,
> a $50 card for a $75 purchase and make up the rest in cash.
>
> So if you've got a friend with a membership, ask them to
> pick up a couple of $25 cards, use them to get your hot dog,
> and I guarantee you'll find something else to use the
> rest on.
K Wills
Feb 11, 2024, 7:02:57 AMFeb 11
to
On Sun, 11 Feb 2024 04:44:14 -0600, "Jerry Sauk"
<jerr...@hotmail.com> wrote:
>Date: Wed, 4 Oct 2023 18:36:05 -0000 (UTC)
Waiting over four months to whine about what Danny wrote? How sad and
pathetic is your life?
Had Danny replied with a simple, "No." You would have whined and
cried, and likely fed to you NEED to lie, about it.
That you sat and waited over four months to whine and cry kind of
proves this.
Danny was nice enough to let you know that, generally, you cannot
get a hotdog without a membership. But he offers a way around the
rule. A way that will allow you to try one without the expense of a
membership you may never use again.
It's long past time for you to grow up.
[Cue avoidance from Jenny.]
--
A small number of the documented lies of Jerry "Jenny" Sauk.
http://jerrylies.byethost22.com/?i=2
<jerr...@hotmail.com> wrote:
>Date: Wed, 4 Oct 2023 18:36:05 -0000 (UTC)
Waiting over four months to whine about what Danny wrote? How sad and
pathetic is your life?
cried, and likely fed to you NEED to lie, about it.
That you sat and waited over four months to whine and cry kind of
proves this.
Danny was nice enough to let you know that, generally, you cannot
get a hotdog without a membership. But he offers a way around the
rule. A way that will allow you to try one without the expense of a
membership you may never use again.
It's long past time for you to grow up.
[Cue avoidance from Jenny.]
--
A small number of the documented lies of Jerry "Jenny" Sauk.
KlausSchadenfreude
Feb 11, 2024, 8:17:37 AMFeb 11
to
who don't appreciate it, but they can be safely ignored.
http://jerrylies.byethost22.com/?i=1
Jerry Sauk
Feb 13, 2024, 3:12:16 AMFeb 13
to
"K Wills" <kw...@kw.kw> wrote in message
news:7odhsi9oih3a2r51e...@4ax.com...
K Wills
Feb 13, 2024, 5:05:15 AMFeb 13
to
On Tue, 13 Feb 2024 01:43:49 -0600, "Jerry Sauk"
You have an odd obsession with homosexuality. Is there something
you would like to share with us?
<jerr...@hotmail.com> wrote:
>
>"K Wills" <kw...@kw.kw> wrote in message
>news:7odhsi9oih3a2r51e...@4ax.com...
>> On Sun, 11 Feb 2024 04:44:14 -0600, "Jerry Sauk"
>> <jerr...@hotmail.com> wrote:
>>
>>>Date: Wed, 4 Oct 2023 18:36:05 -0000 (UTC)
>>
>>
>> Waiting over four months to whine about what Danny wrote? How sad and
>> pathetic is your life?
>>
>>
Jenny?
>
>"K Wills" <kw...@kw.kw> wrote in message
>news:7odhsi9oih3a2r51e...@4ax.com...
>> On Sun, 11 Feb 2024 04:44:14 -0600, "Jerry Sauk"
>> <jerr...@hotmail.com> wrote:
>>
>>>Date: Wed, 4 Oct 2023 18:36:05 -0000 (UTC)
>>
>>
>> Waiting over four months to whine about what Danny wrote? How sad and
>> pathetic is your life?
>>
>>
>> It's long past time for you to grow up.
>>
>>[Cue avoidance from Jenny.]
>
>
>>
>>[Cue avoidance from Jenny.]
>
>
>Well I'm so sorry I was rude to your boyfriend Danny.
And I'm not even psychic. You used avoidance.
You have an odd obsession with homosexuality. Is there something
you would like to share with us?
Governor Swill
Feb 13, 2024, 8:11:59 AMFeb 13
to
Swill
--
"Trump has erased the assumption that credibility is a nice thing to have."
- David Brooks
Not left, not right, https://www.forwardparty.com/
Heroyam slava! Glory to the Heroes!
Sláva Ukrajíni! Glory to Ukraine!
Putin tse prezervatyv! Putin is a condom!
Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>
K Wills
Feb 14, 2024, 3:26:31 AMFeb 14
to
card(s). He has no friends. He only has co-workers who will tolerate
him while at work. Something he accidentally admitted in the past.
--
Bald guys never have a bad hair day.
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