8/102 sources · 2 publishersUpdated Oct 28, 09:41 UTC
Coca‑Cola posts 7% Q3 revenue growth and announces KFC switch while PepsiCo cuts 2026 EPS outlook
Coca‑Cola reported third‑quarter revenue of $13.4 billion, up 7% year‑on‑year, and comparable EPS of $0.91, beating analysts’ estimates. PepsiCo, despite beating its own Q3 numbers, lowered its 2026 core EPS growth forecast to 1%‑2% (down from 4%‑6%). Yum! Brands announced that KFC will replace PepsiCo with Coca‑Cola beverages across U.S. locations starting January 2027.
Why it matters
The revenue beat and the KFC contract give Coca‑Cola a potential new distribution channel and may support its share price, while PepsiCo’s reduced EPS outlook signals slower earnings growth for investors.
Key facts
- 1Coca‑Cola’s Q3 revenue rose 7% year‑on‑year to $13.4 billion, beating the $12.92 billion estimate. finance.yahoo.com
- 2Comparable earnings per share increased 11% to $0.91, above the $0.88 expectation. finance.yahoo.com
- 3PepsiCo lowered its 2026 core EPS growth forecast to 1%‑2%, down from a prior outlook of 4%‑6%. finance.yahoo.com
- 4PepsiCo now expects core EPS growth of 2.5%‑3.5%, down from 5%‑7% previously. finance.yahoo.com
- 5KFC will switch to Coca‑Cola beverages across the United States beginning January 2027, ending PepsiCo’s long‑standing exclusive supply role. finance.yahoo.com
- 6Coca‑Cola stock fell about 0.5% in pre‑market trading after the release. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.