Costco CFO's at a recent earnings call revealed the fate of the company's infamous hot dog-and-soda $1.50 combo in the face of record-high inflation.
"The enormity of the improvement in the bottom line … we’re better than we were two years ago," he said.
At its earnings call last week, Costco reported fiscal fourth-quarter earnings of $1.87 billion, a profit of $4.20 per share. The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $4.12 per share.
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