PEP · News · 20261104N

KFC Beverage Partnership Loss

PEPSICO INC · 2026-11-04 · Importance 40 · Surprise 42 · In source text

KFC will switch from PepsiCo to Coca-Cola in its U.S. restaurants beginning in 2027. The report describes the deal as having a significant financial impact for PepsiCo but gives no dollar estimate. It says future pouring-rights agreements may depend increasingly on innovation beyond traditional cola brands.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
revenuenegativecommitted—KFC will switch from PepsiCo to Coca-Cola in its U.S. restaurants starting in 2027.