Same old hot dog.
Just two months into his tenure, Costco's new finance chief Gary Millerchip has provided an update on the price of the chain's iconic $1.50 hot dog and soda combo.
Speaking to CNN's Nathaniel Meyersohn, Millerchip said the price will be staying at the same place it has been since 1995.
"I also want to confirm the $1.50 hot dog price is safe," he reportedly said.
"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.
Persons:
Gary Millerchip, CNN's Nathaniel Meyersohn, Millerchip, Millerchip's, Richard Galanti, I'm, Galanti
Organizations:
Bloomberg, Costco, CNBC