KFC Switches Beverage Supplier from PepsiCo to Coca-Cola
- Reports
- 7
- Developments
- 2
- Repetition
- 71%
New informationRepeats or wire copies
What happened
KFC announced it is transitioning its U.S. beverage partnership to Coca-Cola starting in January 2027, with Coca-Cola products expected in all U.S. restaurants by spring 2027. This change replaces Pepsi as the beverage supplier at approximately 3,700 U.S. restaurants. The new agreement expands the partnership to include menu and beverage platform offerings.
From aol.com, prnewswire.com
Why it matters
The shift follows a period where Coca-Cola shares were up 34.16% this year, while PepsiCo shares were down 7.83%. PepsiCo recently reduced its 2026 EPS growth outlook to 3% amid falling North American drink volumes.
From aol.com
Who's involved
- Coca-ColaNew beverage supplier for KFC, expanding its beverage platform.
- KFCAmerican fast food chain switching its primary beverage supplier.
- PepsiCoFormer beverage supplier to KFC, losing a 40-year contract.
- Yum! BrandsParent company of KFC, benefiting from menu and brand refreshment.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Coca-ColaSpeculative
Coca-Cola might see increased market share and revenue from the expanded partnership with KFC.
- KFCSpeculative
KFC may see increased customer demand and sales as part of its effort to refresh its menu and beverage platform.
- PepsiCoSpeculative
PepsiCo could see reduced revenue and market perception due to the loss of the long-standing beverage contract.
How it developed
Newest first. Tap a step to see who reported it.KFC switches beverage supplier from Pepsi to Coca-Cola.1 source
The partnership between Coca-Cola and KFC is expanding its beverage and menu offerings.1 source
Keep exploring
The entities involved
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Coca-Cola
carbonated brown-colored soft drink
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KFC
American fast food restaurant chain specializing in fried chicken
Related events
- Coca-Cola is providing brands for guestrooms and various services as part of a global agreement to expand beverage offerings across Marriott's portfolio.
- KFC is trying to connect with younger customers through partnerships after US sales declined 3% year over year in 2025.
- Red Robin and Topgolf are adopting the growing dirty soda trend, with Red Robin using Coca-Cola in its beverage menu.
- Coca-Cola and Molson Coors are both companies operating in the beverages segment.
- Coca-Cola has partnered with HCCB for bottling and is conducting activations across India.