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Costco, $COST, is keeping the price of its hotdog at $1.50

Unusual Whales

Costco, $COST, is keeping the price of its hotdog at $1.50, despite inflation.

The wholesale retailer saw a slight miss in quarterly revenue, coming in at $55.27 billion, but up 6.5% from a year ago. Meanwhile net sales saw a 6.5% increase, to $54.24 billion, up from $50.04 billion.

Revenue: $55.27 billion versus $55.58 billion expected

  • Adjusted earnings per share: $3.30 versus $3.21 expected

Same-store sales: up 6.8% versus up 6.16% expected

  • United States: up 5.8% versus up 5.56% expected
  • Canada: up 9.6% versus up 5.51% expected
  • Other international: 9.5% versus up 7.10% expecte

"People are spending their dollars where they feel they should be spending them," Costco CFO Richard Galanti

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