S. restaurants will switch from PepsiCo to Coca-Cola beverages next year.
Why are KO shares at highs? S.
Restaurants, Ending a Nearly 40-Year Run According to CNBC, the switch is the first time in decades that the Yum Brands chain has changed its drink supplier. S.
restaurants have served Pepsi since PepsiCo bought the chain in 1986. At the time, KFC was Coca-Cola’s second-largest fountain account, behind only McDonald’s.
After PepsiCo spun off KFC, Pizza Hut and Taco Bell, Yum Brands stayed loyal to Pepsi. S.
restaurants by the end of the first quarter of 2027. S.
President Catherine Tan-Gillespie said. S.
S. for the first time," said Dagmar Boggs, Coca-Cola’s president of Foodservice & On-Premise, North America.
Why the Win Matters for Coca-Cola Fountain accounts give beverage companies both a sales opportunity and visibility for their brands, and large chains rarely switch. S.
locations to Coca-Cola’s foodservice footprint. Coca-Cola has also won Culver’s, Arby’s and Panda Express from Pepsi in recent years, while Pepsi took Subway from Coke in 2024.
Coca-Cola has helped restaurant partners develop new drinks such as refreshers and "dirty sodas," and KFC recently introduced iced coffees and shakes at its Open House innovation restaurant in Texas. Coca-Cola shares are up about 32% this year, according to Stocktwits, while PepsiCo is down about 11%.
76, according to data from Benzinga Pro.
