KFC ends 40-year partnership to adopt Coca-Cola products over PepsiCo
KO Coca-Cola Co
$92.71 -2.76%
View chart & analysis → - 1KFC will begin replacing PepsiCo carbonated beverages with Coca-Cola products at 3,700 US restaurants starting next January.
- 2Last year, PepsiCo recorded an 8.1% market share in US carbonated beverage sales, significantly trailing Coca-Cola's 18.5% market share.
- 3PepsiCo's $28 billion North American beverage business saw a 2% decline in volume last quarter.
So what's the key point?
KFC has decided to use Coca-Cola beverages instead of PepsiCo, its partner for 40 years. This change may have an impact as PepsiCo's beverage sales volume has decreased by 2 percent.
Source Fortune · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.