00:00It's Benzinga bringing Wall Street to Main Street.
00:02Costco CEO Ron Bakris said the company's $1.50 hot dog and soda combo will not increase in
00:09price in an Instagram video posted Wednesday. He said the price will not change during his
00:14tenure and called the product amazing quality and amazing value. Costco has defended the
00:20price for years while switching its fountain drinks back to Coca-Cola after a prior cost
00:24control move. The update followed second quarter results showing earnings of $4.58 per diluted
00:30share on $69.60 billion in revenue, exceeding expectations of $69.29 billion. Membership
00:38fees rose to about $1.36 billion from $1.19 billion a year earlier, and Costco operates
00:46924 warehouses, including 634 in the United States and Puerto Rico.
00:51Shares closed at $979.92, down 1.63% and are up about 15% year to date.
01:00For all things money, visit Benzinga.com.
