PepsiCo renews deal to supply Taco Bell

Meta Platforms reported Q3 revenue of $64.60B, beating expectations, but EPS of $3.83 missed due to one-time charges. Free cash flow turned negative, but the company attributes this to AI investments, including its Muse platform. Meta also narrowed its FY26 CAPEX outlook to $130-$145B. Pepsi was mentioned as a comparison for CEO strategies.

CyproFruta and Cyprus Farming Ltd filed a €144m lawsuit against PepsiCo and 11 others, claiming unauthorized use of a Famagusta factory since 1981. They seek €135m for lost profits and €9m in rent. PepsiCo's Istanbul division and Ektam Kıbrıs, its local bottler, are defendants. The case covers 1981 to 2026.

Greek Cypriot companies CyproFruta and Cyprus Farming Ltd are suing PepsiCo and others for €140 million, claiming unauthorized use of their factory in Famagusta since 1981. The lawsuit, filed in Nicosia district court, seeks compensation for lost profits and rent. PepsiCo's global headquarters and its Turkish subsidiary are among the defendants.

PepsiCo extended its US soda supply deal with Taco Bell to 2036, securing a major sales channel. Meanwhile, KFC will switch to Coca-Cola for its US fountain business. The moves suggest a rebalancing of partnerships within Yum Brands. PepsiCo faces margin pressure in North America, and the Taco Bell deal provides predictable US demand.

PepsiCo (PEP) extended its U.S. beverage partnership with Taco Bell for 11 years, through 2036, securing a key customer after losing KFC to Coca-Cola (KO). The deal covers PepsiCo's drinks in Taco Bell locations and focuses on developing new beverages for younger consumers. PepsiCo's North American beverage volume fell 2% last quarter, highlighting the importance of defending its restaurant business. Shares of PEP, KO, and YUM (Taco Bell's parent) rose on the news.

PepsiCo (PEP) shares rose 2.5% after extending its U.S. fountain partnership with Taco Bell to 2036, securing a key revenue stream. The deal covers 8,200+ locations and focuses on product innovation. This follows KFC's switch to Coca-Cola (KO) for its U.S. locations. PepsiCo aims to protect its foodservice channel and defend against KO's market share gains.