Costco confirms $1.50 hot dog combo price staying steady

Consumers are choosing store brands more because of inflation. Costco, a budget retailer, won't raise the price of its $1.50 hot dog combo despite grocery costs going up. This is because Costco wants to show they give good value to customers. Costco's hot dog price has stayed the same since 1985. Costco wants to keep prices low as people are spending less due to inflation. Other stores like Target and Walmart are also lowering prices. Costco's CFO, Gary Millerchip, assured investors that the $1.50 hot dog deal won't increase soon. The hot dog combo has been a Costco staple for decades. Costco's founders promised to keep the price low. Before Millerchip, Richard Galanti, the previous CFO, said the hot dog price was safe. Costco beat its sales expectations in the third quarter. Sales increased by 9.1% during that time. Costco's CFO, Gary Millerchip, said members are buying more non-essential items as inflation stabilizes. Toys, tires, and health products are top sellers. Costco's former CEO, Jim Sinegal, insisted on keeping the hot dog price low. They even built their own hot dog plant to maintain the $1.50 price. Costco sold over 130 million hot dog combos globally last year, making $195 million. Costco is known for offering a variety of products at affordable prices, including electronics and furniture.