Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Costco CFO weighs in on $1.50 hot dog and soda combo's future By: FOX Business March 13, 2024 at 13:04 PM EDT Outgoing Costco CFO Richard Galanti on Tuesday provided an update on whether customers might see changes to the cost of the warehouse retailer’s $1.50 hot dog and soda combo. Outgoing Costco CFO Richard Galanti on Tuesday provided an update on whether customers might see changes to the cost of the warehouse retailer’s $1.50 hot dog and soda combo.The deal "is probably safe for a while" after his decades-long tenure as Costco’s CFO ends on Friday, Galanti told Bloomberg. Former Kroger CFO Gary Millerchip will succeed Galanti.The hot dog and soda combo has long been a fixture of Costco’s food court, and so has its $1.50 price. The company hasn’t increased the combo's cost in the roughly four decades it has offered it thanks to a pledge from its founders, FOX Business previously reported.The retiring CFO previously faced questions about maintaining the combo’s price tag. In September 2022, when inflation was much higher than its current level, Galanti said the margin on its gas and travel businesses "help us be more aggressive in other areas or… hold the price on the hot dog and the soda a little longer, forever."COSTCO CFO RICHARD GALANTI TO STEP DOWN AFTER NEARLY 4 DECADES AS FINANCE CHIEFMeanwhile, Costco has made some recent changes to food options at its food courts.The retailer stopped offering its churro. In place of the sweet treat, Costco added a chocolate chip cookie, Galanti said on Costco’s second-quarter earnings call. The cookie costs $2.49.Costco’s food courts also recently began offering a $6.99 turkey sandwich, according to Galanti.COSTCO KEEPS MEMBERSHIP FEES AT CURRENT PRICE, THOUGH HIKE STILL A ‘WHEN, NOT IF’The retailer has said its ancillary businesses like food courts and gas stations encourage Costco members to visit its warehouses more often. Its total number of cardholders increased to 132 million as of the end of the second quarter. Costco has 875 warehouses worldwide. COSTCO TAPS INTO SILVER COINS SALES FOLLOWING OVERNIGHT SUCCESS OF GOLD BARS Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Costco CFO weighs in on $1.50 hot dog and soda combo's future By: FOX Business March 13, 2024 at 13:04 PM EDT Outgoing Costco CFO Richard Galanti on Tuesday provided an update on whether customers might see changes to the cost of the warehouse retailer’s $1.50 hot dog and soda combo. Outgoing Costco CFO Richard Galanti on Tuesday provided an update on whether customers might see changes to the cost of the warehouse retailer’s $1.50 hot dog and soda combo.The deal "is probably safe for a while" after his decades-long tenure as Costco’s CFO ends on Friday, Galanti told Bloomberg. Former Kroger CFO Gary Millerchip will succeed Galanti.The hot dog and soda combo has long been a fixture of Costco’s food court, and so has its $1.50 price. The company hasn’t increased the combo's cost in the roughly four decades it has offered it thanks to a pledge from its founders, FOX Business previously reported.The retiring CFO previously faced questions about maintaining the combo’s price tag. In September 2022, when inflation was much higher than its current level, Galanti said the margin on its gas and travel businesses "help us be more aggressive in other areas or… hold the price on the hot dog and the soda a little longer, forever."COSTCO CFO RICHARD GALANTI TO STEP DOWN AFTER NEARLY 4 DECADES AS FINANCE CHIEFMeanwhile, Costco has made some recent changes to food options at its food courts.The retailer stopped offering its churro. In place of the sweet treat, Costco added a chocolate chip cookie, Galanti said on Costco’s second-quarter earnings call. The cookie costs $2.49.Costco’s food courts also recently began offering a $6.99 turkey sandwich, according to Galanti.COSTCO KEEPS MEMBERSHIP FEES AT CURRENT PRICE, THOUGH HIKE STILL A ‘WHEN, NOT IF’The retailer has said its ancillary businesses like food courts and gas stations encourage Costco members to visit its warehouses more often. Its total number of cardholders increased to 132 million as of the end of the second quarter. Costco has 875 warehouses worldwide. COSTCO TAPS INTO SILVER COINS SALES FOLLOWING OVERNIGHT SUCCESS OF GOLD BARS