KFC picks CocaCola over Pepsi. Here's when it starts

KFC will drop PepsiCo beverages at ~3,700 U.S. restaurants from January 2027, replacing them with Coca-Cola. The loss removes a marquee fountain account from PepsiCo as it battles soft North American soda demand and activist pressure from Elliott, a modest but symbolically negative headline for PEP shares. Coca-Cola gains incremental foodservice volume. Financial terms were undisclosed, so near-term earnings impact is limited.