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Shoppers drawn to Costco’s $1.50 hot dog and soda combo, which has held the same price since 1985, may not be enticed by the wholesale store’s $60 annual fee . The company has made its food court “members only.”
There are also reports that Costco is already taking steps to enforce this policy in certain stores. A Reddit user posted Thursday that at a Costco store in Conroe, Texas, the person checking receipts at the entrance wanted to see food court receipts.
Earlier this month, a Costco store in Orlando, Florida posted, “Starting April 8, 2024, you will need a valid Costco membership card to purchase items in the food court.”
Related: Costco may start requiring members to scan IDs to enter U.S. warehouses
In January, Costco in Issaquah, Wash., stepped up its efforts to create a members-only space by requiring members to scan their cards before entering the warehouse.
On June 14, 2022, in the food court outside a Costco Wholesale Corporation store in Hawthorne, California, a Costco Kirkland Signature product, which has maintained the same price since 1985 despite rising consumer prices and inflation, $1.50 hot dog and soda combo. Photo by Patrick T. Fallon/AFP
According to Costco’s fiscal year 2023 earnings report, memberships generated $4.58 billion in profit, or 73% of Costco’s $6.29 billion in net income.
The 2023 figure was up from the $4.22 billion generated by Costco members in 2022 and the $3.88 billion members brought in to the company in 2021, according to Statista data.
Costco memberships start at $60 per year for Gold Star or Business Memberships and go up to $120 per year for Executive Memberships. Costco hasn’t raised membership fees in seven years since 2017.
Related: Costco CFO reveals uncertainty over $1.50 hot dog and soda combo
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