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 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
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