Jason Hayes

Aim low men, they're riding alligators

[Brandon Walker @BFW]

Once a year, I will post the greatest cold open in TV history.

[Letterkenny Problems @LetterkennyProb]

The Bulldogs are back. Watch Shoresy Season 2 starting September 29th on @CraveCanada and October 27th on @hulu. From @newmetricmedia.

[Cinema Tweets @CinemaTweets1]

Them: What’s One Movie That Deserves More Recognition

Us:

[blink-182 Italia @blink182italia]

We don’t deserve @travisbarker. He could literally play with anyone on this planet and still always puts blink-182 first. Absolute legend. 🐐

[blink-182 Italia @blink182italia]

Tom gave away one of his guitars to a kid in the crowd last night in Houston! 🎸💛

#blink182

[Cinema Tweets @CinemaTweets1]

One of 2023’s Best Episodes of Television #TheBearFX

[Shooter McGavin @ShooterMcGavin]

Happy Anniversary Gilmore. How about you and Jackie stop by the 9th green at 9 tonight for the anniversary gift I bought you? Dress nice.

[Collin @collinjamesdunn]

tattoo artist: that’ll be $400

me: okay 😋

mechanic: that’ll be $400

me: I literally don’t even want the car anymore

[Brint Wahlberg @Bwahlberg]

The Bodega in Missoula was way ahead of it’s time

[The Onion @TheOnion]

Conservative Boycotting Bud Light Forced To Drink 6 Cans Of Something Else Before Hitting Kids https://t.co/iDFB1ArloA

[All The Right Movies @ATRightMovies]

There's a tradition of film directors and studios congratulating each other for beating their box office records. A THREAD

In 1977, when STAR WARS beat Jaws to become the highest-grossing movie ever, Steven Spielberg took out the below ad for George Lucas in
@Variety

1/11

[SCENE DUDE @thescenedude]

Choose the saddest blink-182 song

[Trung Phan @TrungTPhan]

The Costco hot dog combo is a legendary meme.

But how does it still only cost $1.50? Introduced in 1985, the price of that combo should be ~$4.20 if adjusted for inflation.

Thankfully, the $216B warehouse retailer has done everything in its power to keep the price down.

And Costco sells A LOT of them: 130m+ hot dogs a year (more than all MLB teams combined).

Many believe the $1.50 combo is a “loss-leader” for Costco, but this is incorrect.

In a 2009 interview, Costco co-founder and former CEO Jim Sinegal told the Seattle Times that Costco doesn’t “engage in loss leaders” and “the only time we sell below cost is when we’ve made a mistake and have to mark it down”.

However, the retailer does cap its margin at 14% and drives many products to near break-even.

Here’s how Costco has managed to keep the cost of the inconic hot dog combo at $1.50:

1️⃣It dropped leading hot dog suppliers like Hebrew National and Nathan’s because they wouldn’t lower prices

2️⃣In 2009, Costco built its own hot dog manufacturing plant in LA (and has a second one in Chicago)

3️⃣ It got better pricing on buns, ketchup and mustard

4️⃣ It removed onions and sauerkrauts as free condiments

5️⃣ It dropped Polish sausages

6️⃣ The pop that came with the combo was swapped from a can to refillable fountain soda

Costco’s effort to keep hot dog prices low is also the source material for the greatest quote in business history.

In 2018, the current Costco CEO Craig Jelinek was recounting a conversation he had with Sinegal, who he just replaced as CEO.

Jelinek told Sinegal he wanted to raise the price of the $1.50 hot dog and pop combo.

Sinegal shot back, “If you raise the [price of the] f**ing hot dog, I will kill you. Figure it out.”

Costco has figured it out and, in September 2022, the company’s CFO Richard Galanti confirmed that the hot dog combo would remain at $1.50 despite rising inflation.

“There are some businesses that are doing well with margin like gas business on a smaller way -- in the travel business,” said Galanti. “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.”

Forever sounds about right.

[blink-182 Italia @blink182italia]

The new blink-182 album is not done, but the banter is hilarious! 😂

[Noah Verrier @NoahVerrier]

My oil painting of a PB&J

[RIONA @rionabuthello]

A little painting I made today

[Travis Barker @travisbarker]

There’s officially cowbell on the new @blink182 album, thank me later ✌️

[Jason Hayes @Jasonhayes96]

LFG🤟

[John Hayes @YourFriendJohn_]

I'm coming.

[blink-182 Italia @blink182italia]

Thank you, Matt. ❤️