Costco CFO Richard Galanti revealed last Thursday that its famous hot dog-and-soda combo deal of $1.50 will remain in place despite record-high inflation.
At an earnings call, Galanti said the profit margins the company is seeing in the gas and travel sectors allow Costco to make up for losses at the food court.
“Those things help us be more aggressive in other areas, or as you mentioned, hold the price on the hot dog and the soda … forever,” Galanti told an analyst from Truist Securities.
Galanti said Costco was fortunate in that it did not struggle like other businesses during the COVID-19 pandemic.
“The enormity of the improvement in the bottom line … we’re better than we were two years ago,” he said. (Read more from “Costco Exec Reveals Whether Historic Inflation Will Raise Price of Hot Dog and Soda Combo” HERE)
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