Coca-Cola shares rise following selection as KFC beverage partner
PEP PepsiCo Inc
$131.49 +2.42%
View chart & analysis → - 1KFC has selected Coca-Cola as the beverage partner for its 3,718 US stores.
- 2BofA estimated the annual revenue value of the KFC account to be approximately $500 million.
- 3Coca-Cola closed at $94 on October 16.
So what's the key point?
KFC decided to get its beverages from Coca-Cola for its US locations. This deal is expected to generate about $500 million in annual revenue.
Source TIKR · View original ↗
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