@BehizyTweets From a resource perspective (oil) I get it, I guess. But Canada is pretty liberal so I’m wondering how that plays into this.
Do Canadians want to be part of the US?
@elonmusk are you fucking with the algorithms, because I watched the debate and I can’t believe half my news feed, says Trump won. He sounded like an incoherent fucking idiot.
@elonmusk Man, you’re so frustrating because you’re not stupid but you play stupid on Twitter to appeal to stupid people. Whatever reason you’ve got for getting in bed with Trump. is probably not in the best interest of anybody that follows you.
@JoeBiden It’s time for you to realize that you are Neville Chamberlain paving the way for Hitler. You have to step down or history will remember you as the same kind of villain they remember Trump
@elonmusk you have nothing to worry about bro Twitter has that dirty energy that everyone wants threads has that Facebook energy that dripped out in 2014.
@elonmusk With 8 billion people and two genders, it only makes sense there’s going to be biological crossover, and some people are going to be born in the wrong body, those people need help as early as it can be provided. Nobody thinks this should be done whimsically.
This is the whole problem. He says it right in the quote. We stick it to you on the shit you need like gas so we can give you a cheap hotdog when you come and fill our pockets?
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.
@christine_p_33 You should be flattered that you are seeing this , it means a machine thought you were not an asshole. I hope all kids have a good prom.