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Shoppers who were lured by Costco’s $1.50 hot dog and soda combo, which has remained the same price since 1985, but not by the wholesale store’s $60 annual membership fee, may be out of luck — the company is making its own food court “For members only.”
There are reports that Costco is already taking steps to implement the policy in certain locations. Reddit user to publish Thursday that at a Costco location in Conroe, Texas, the person at the door checking receipts wanted to see the food court receipt.
Earlier this month, a Costco location opened in Orlando, Florida to publish: “Beginning April 8, 2024, an active Costco membership card will be required to purchase items from our food court.”
Related: Costco may start requiring members to scan an ID to enter U.S. warehouses
In January, Costco in Issaquah, Washington, went further than ever to enforce a members-only space, by requiring members Scan their cards Before entering the warehouse.
A $1.50 Costco Kirkland Signature hot dog and soda combo, which has maintained the same price since 1985 despite rising consumer prices and inflation, in the food court outside a Costco Wholesale Corp. store. On June 14, 2022 in Hawthorne, California. Photography by Patrick T. Fallon/AFP
According to Costco Earnings report As of fiscal year 2023, memberships generated $4.58 billion in revenue, representing 73% of Costco’s profits. Net profit With a value of $6.29 billion.
Statistics data Offers That 2023 number was an increase from the $4.22 billion generated by Costco memberships in 2022 and the $3.88 billion that memberships brought to the company in 2021.
Costco Memberships Begins Priced at $60 per year for a Gold Star or Business Membership and up to $120 per year for an Executive Membership. Costco has not raised the cost of membership for 7 years, since 2017.
Related: Costco’s CFO reveals uncertain fate of $1.50 Hot Dog and Soda Combo
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