Costco is getting costly.
The latest price change comes even as Costco has avoided hiking up the cost of other products in its aisles. According to pricing tracker service Numerator,versus the yearly average as of the four-week period ending on June 19. This is up from the 7 to 8 percent increase recorded at the beginning of 2022.
But even as the warehouse retailer brings up prices on the two fan-favorite food items, they still appear to be in line with trends. According to Wells Fargo, soda prices have increased 13 percent compared to last year, whileExecutives assured customers that one iconic menu item would not be seeing a price change anytime soon.
"The price, when we introduced the hot dog-soda combo in the mid-'80s, was $1.50," Nelson said on the company's May 26 earnings call."The price today is $1.50, and we have no plans to increase the price at this time."runs deep within the company's highest ranks. According to Insider, current Costco CEO, who frankly replied,"If you raise the [price of the] hot dog, I will kill you. Figure it out.
And the tactic appears to have worked out well for the company. In 2019, the store was reported to have sold 151 million of the beloved meals for a total of $226.5 million, according to Insider.Zach is a freelance writer specializing in beer, wine, food, spirits, and travel. He is based in Manhattan.
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Report: Costco raises some food court pricesAttention Costco shoppers: You may notice some price hikes at the food court.
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Report: Costco raises some food court pricesThe hot dog and soda combo is still the same price, but some other food court favorites are reportedly getting more expensive.
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Costco raises price of several food court itemsAccording to the Bureau of Labor Statistics, the food cost nationwide went up nearly 10% in the 12-month period ending in May.
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Costco raises price of several food court itemsAccording to the Bureau of Labor Statistics, the food cost nationwide went up nearly 10% in the 12-month period ending in May.
Baca lebih lajut »
Report: Costco raises some food court pricesAttention Costco shoppers: You may notice some price hikes at the food court.
Baca lebih lajut »
Report: Costco raises some food court pricesThe hot dog and soda combo is still the same price, but some other food court favorites are reportedly getting more expensive.
Baca lebih lajut »