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KFC ends 40-year PepsiCo beverage deal, partners with Coca-Cola for US stores by 2027

Market News
15 Oct 2026
New York Post
View Source
Neutral
KFC ends 40-year PepsiCo beverage deal, partners with Coca-Cola for US stores by 2027

KFC has signed a new beverage partnership with Coca-Cola for its US stores, ending a nearly 40-year relationship with PepsiCo. The switch affects 3,718 US KFC locations and marks a significant change as PepsiCo had been KFC's beverage partner since acquiring the chain decades ago. The change comes as PepsiCo faces challenges in its North American business, including weak snack demand and higher costs. Coca-Cola products will be available at KFC US restaurants by spring 2027, but financial terms were not disclosed.

As of Oct 16, 2026 03:33 WIB, PepsiCo (PEP) shares are trading at USD 128.27, down 0.77% for the day on Pluang, with a market cap of $176.16 billion and a dividend yield of 4.58%. Meanwhile, Coca-Cola (KO) is priced at USD 91.86, up slightly by 0.09%, holding a larger market cap of $394.89 billion and a dividend yield of 2.31%. The shift in KFC's beverage partnership highlights a notable moment for these two consumer staples giants, with PepsiCo's shares showing a decline as of this morning.

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