'Lightning just struck me': Why Costco's CFO says the price of the $1.50 hot-dog-and-soda combo is 'forever'

Costco's main fiscal serviceman has suggested the wholesaler volition support its celebrated hot-dog-and-soda combo astatine $1.50 "forever."

During the company's fiscal fourth-quarter net call past week, CFO Richard Galanti was asked whether the retailer would look astatine expanding the terms of its all-beef frank arsenic it aims to woody with tightening margins.

After joking that "lightning conscionable struck me" aft helium got the question — a notation to the $1.50 combo's mythical presumption astatine the institution — Galanti said that it volition ever beryllium different parts of the concern that are keeping the blistery dog's terms successful the aforesaid spot it's been since 1985.

"Some businesses that are doing good with borderline ... those things assistance america beryllium much assertive successful different areas, or, arsenic you mentioned, clasp the terms connected the blistery canine and the soda a small longer — forever," helium said.

Other Costco nutrient tribunal items person increased successful terms recently, including the fashionable chickenhearted cook which went up from $2.99 to $3.99 successful July.

The terms of a 20-ounce soda besides roseate from 59 cents to 69 cents implicit the summer.

Galanti's comments echoed the words of Costco CEO Craig Jelinek, who successful July was asked by CNBC's "Squawk connected the Street" if helium thought the institution would rise the terms of its signature nutrient tribunal item.

"No," helium said.

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