General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCostco philosophy about chicken prices: Keep 'em cheap
http://www.omaha.com/money/costco-philosophy-about-chicken-prices-keep-em-cheap/article_a694a0e8-7bff-541c-b07d-5349515f3fab.html
POSTED: FRIDAY, MAY 29, 2015 1:00 AM
The Seattle Times
SEATTLE Perhaps inspired by Costco Wholesales recent decision to buy olive oil from the land of Socrates, Barclays analyst Meredith Adler asked on Thursday what may have been the most profound question in the long history of earnings calls.
What is your philosophy about chickens? Adler asked during a call that followed Wednesdays release of Costcos earnings. She was talking, specifically, about Costcos wildly popular $4.99 rotisserie chicken and whether it will start charging more if the wholesale price of chicken soars amid a massive slaughter of U.S. birds due to the epidemic of avian flu.
Turns out Costco does have a philosophy that would have been familiar to the ancient Greeks: Keep em cheap.
Well have to see, chief financial officer Richard Galanti first said in answer to Adlers question. But he then proceeded to describe the Seattle-area companys worldview, delving deep into its identity as an inveterate discounter of rotisserie chicken.
FULL story at link.
davidpdx
(22,000 posts)I don't like boned in meat much. I buy boneless chicken breasts from Costco here in Korea. We like to use them to make Thai food.
meaculpa2011
(918 posts)just for the chicken. I almost always wind up buying other stuff. The chickens are spectacular and you can't make it at home for less money.
But I'm an compulsive bargain hunter. There are many Costco items that I can buy for less at my local markets. They're now planning to build a Costco a mile from my home.
We're very lucky to have many retailers nearby.
TreasonousBastard
(43,049 posts)and I suspect they are a loss leader.
But, yeah, sometimes I wonder why I pay the annual fee when even gas can be cheaper elsewhere. Selections are limited, too.
Overall, though, it's a pretty good deal, especially when I need to buy in bulk for an event.
mucifer
(23,565 posts)Amishman
(5,559 posts)sooooo good
hollysmom
(5,946 posts)I bought an Asian chicken salad sandwich 9my favorite, and as I was eating one half,a live roach crawled out of he second half - and I have not ordered prepared chicken since then from anywhere. This particular store refused to believe me. excuse me, I know what I saw.