7/108 sources · 6 publishersUpdated Oct 15, 21:29 UTC
KFC to switch U.S. beverage supplier from PepsiCo to Coca‑Cola
KFC, the U.S. arm of Yum! Brands, has signed a deal with Coca‑Cola to become its beverage partner for all U.S. locations, ending a four‑decade relationship with PepsiCo. The rollout will begin in January and be completed by spring 2027 across 3,718 restaurants. The announcement lifted Yum! shares 2.7%, nudged Coca‑Cola up 0.2% and pushed PepsiCo down 0.7%.
Why it matters
Investors see a direct hit to PepsiCo’s food‑service volume as it loses a major U.S. client, while Coca‑Cola gains a sizable away‑from‑home concentrate stream. Yum! Brands’ stock rose on the news, reflecting market approval of the new partnership.
Key facts
- 1KFC operates 3,718 U.S. restaurants. investing.com
- 2The partnership with Coca‑Cola will start in January and be in place by spring 2027. marketscreener.com
- 3Yum! Brands shares rose 2.7% after the announcement. investing.com
- 4Coca‑Cola shares edged up 0.2% after the news. investing.com
- 5PepsiCo shares fell 0.7% after the news. investing.com
- 6PepsiCo shares fell to $127.80. marketscreener.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.