A shopper known as the “Oracle of Costco” has revealed his “scariest prediction yet” about one of the most coveted products sold at the bulk retailer.
The man shared an urgent ad online about the price of Costco rotisserie chicken, advising customers to “stock up now.”
Since Kirkland Signature Basic Chicken was launched in 2009, it has sold for $4.99, but now Oracle believes the price could rise as sky-high inflation continues to push up the price of everyday items.
“I’ve been called many things in my life, but now I’m called the Oracle of Costco,” the man said as he curiously held an expensive rotisserie chicken from Whole Foods while driving.
“Roasted chicken at Costco is going to be $6.99 in 12 months. I think it’s already in Canada, it’s going to be $6.99. That’s my prediction, by the end of this year,” he added.
A man dubbed the “Oracle of Costco” has predicted that the price of Costco rotisserie chicken could rise within a year. (Pictured: The man holds a chicken from Whole Foods as he explains his beliefs)
The Costco superfan explained how he had previously predicted other changes to the store that have come true.
He explained: ‘Ten years ago I predicted they were going to get rid of the Polish hot dog, and they did.’
Costco, the world’s third-largest retailer, has stopped selling the Polish hot dog in its stores in an effort to “simplify” the menu and “make room for healthier options.” Costco said.
‘I also predicted that they were going to eliminate the simple act of being able to walk to the food court to get something to eat, and now they’ve stopped doing that, too.
“You will now need to show your Costco ID card,” he added.
Many people used to go to the store just to enjoy a slice of pizza or baked chicken, but since 2020, Costco requires that only members can enjoy the popular food court.
The Oracle upped the ante in its latest prediction about the famous roast chicken.
The Costco-obsessed man explained how he had previously predicted other changes to the store that came true. (Pictured: The Oracle picking up a rotisserie chicken at Costco)
“It’s going to happen because I’ve never been wrong about these things. I have an excellent track record.
“I love Costco, everything about it. Costco is my life,” she said.
Viewers were quick to flock to the Oracle’s video and comment on how her prediction could be correct.
“Now at Costco here in Canada chicken is $7.99,” wrote one.
Another said: “Well duhhh, I just paid $9 for a rotisserie chicken the other day.”
‘NYC is already $6.99,’ one commenter said.
Others suggested that increasing the price of chicken would not be such a big change.
“$6.99 isn’t bad either way,” one person said.
Someone else said: ‘I mean $7 isn’t bad for a chicken.’
Costco CEO Ron Vachris revealed that the retailer’s deli had a “very strong year” after selling 137 million rotisserie chickens in 2023. Aol reported.
This isn’t the first time the bulk retailer has faced backlash, as Costco’s chief financial officer (CFO) Gary Millerchip made a major announcement regarding the store’s former hot dog offering in May.
Millerchip, who became Costco’s chief financial officer in March 2024, revealed the retail chain’s plans for the $1.50 hot dog-and-soda combo, a topic that has sparked interest from customers and economists alike.
Since Kirkland Signature Basic Chicken first hit shelves in 2009, it has sold for $4.99, but Oracle believes the price could rise dramatically as sky-high inflation continues to push up the price of everyday goods.
Nathaniel Meyersohn, CNN reporter published in X on May 30th revealing what Millerchip had to say about the future of the beloved combo.
‘Costco’s new CFO today: ‘I also want to confirm that the $1.50 hot dog price is safe,’ Meyersohn tweeted.
Previous suggestions that the price of hot dogs might rise led to death threats from the former CEO, but new CFOs often come up with new strategies and cost-cutting efforts.
Costco’s $1.50 hot dog and soda combo is a popular offering at the retail chain’s food courts, and its price has remained the same since 1985.
The retail chain’s decision not to change the price is what R5 Capital retail analyst Scott Muskin said. ABC 7 It was a “brand” and a way to remind customers what Costco is.
“It’s going to happen because I’ve never been wrong about these things. I have an excellent track record,” the man said.
While it’s unclear whether Costco will raise the price of its rotisserie chicken, food and restaurant prices have skyrocketed in the United States.
Food prices have risen by double-digit percent under the Biden administration, while Americans are routinely shocked by the cost of a typical trip to the store.
Inflation has driven up the prices of common foods and drinks, from meat to alcohol to vegetables. For example, Florida Natural orange juice has gone from $1.99 five years ago to $4.49 today.
Prices have increased at all major retailers in the state, including Market Basket, Stop & Shop, Shaw’s and Whole Foods.
DailyMail.com has contacted Costco and the “Oracle of Costco” for comment.