Costco raises prices on food court soft drinks, chicken bake
Wholesale retailer Costco reported June net sales of $22.78B
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Costco has reportedly raised the prices on two of its food court items.
According to Business Insider, the national price hikes on its chicken bake and 20-ounce soda were confirmed by a location in Rochester, New York, as well as food courts in other locations.
The chicken bake now sells for $1 more than in June, at $3.99.
The price of the soda has increased by 10 cents, up to $0.69.
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Customers wait in line to order below signage for the Costco Kirkland Signature $1.50 hot dog and soda combo, which has maintained the same price since 1985 despite consumer price increases and inflation, at the food court outside a Costco Wholesale … (PATRICK T. FALLON/AFP via Getty Images / Getty Images)
According to research compiled by Wells Fargo ahead of the Fourth of July holiday – using data from Urner Barry, the U.S. Department of Agriculture (USDA) and the Nielsen and Bureau of Labor Statistics – chicken prices have soared this year.
Retail prices for wings and chicken breasts are up 38% and 24.3%, respectively.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| COST | COSTCO WHOLESALE CORP. | 779.04 | +15.63 | +2.05% |
The bank said that soda prices are also up 13% from last year, as well as competing beverage favorites.
MIAMI, FLORIDA - SEPTEMBER 28: A consumer shops in a Costco store on September 28, 2021 in Miami, Florida. (Photo by Joe Raedle/Getty Images / Getty Images)
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Last week, Costco Wholesale Corporation reported net sales of $22.78 billion for the retail month of June.
New York City, New York, U.S. June 29 2015: A shopping cart in a Costco store (iStock / iStock)
That marks an increase of 20.4% from $18.92 billion last year.
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For the 44 weeks ended July 3, 2022, the company reported net sales of $188.34 billion, or an increase of 16.9% from $161.09 billion during the same period in 2021.
The retail giant did not immediately return FOX Business' request for comment.