Richard Galanti and the $1.50 combo have both been with Costco since 1985.
Since 1985, there have been two constants at Costco: Richard Galanti has been chief financial officer and the famous hot dog and soda combo has cost $1.50.interview with Bloomberg
Asked if anything would happen to the iconic combo once he was gone, Galanti had a succinct response.It was a slightly more measured response than one of the last times the long-tenured executive addressed the Costco food court's flagship product. During aGalanti said at the time that Costco would leverage the other parts of its business to keep the ¼-pound all-beef frank at the same price it has had since the Reagan administration.
Harvard-trained neuroscientist: The No. 1 ‘cheat code' highly successful people use to get ahead at work "Some businesses that are doing well with margin ... 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," he said.Though the chain could make decisions that would benefit it financially, he said Costco is content to stick with what has worked for it.
"We generate more money than we need every year," he told Bloomberg."I'm not trying to look for the last penny by doing something a little more risky."to learn about common passive income streams, tips to get started and real-life success stories. Register today and save 50% with discount code EARLYBIRD.
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