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via finance.yahoo.comBusiness & Companies

PepsiCo locks in Taco Bell partnership through 2036 following KFC loss

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- PepsiCo Inc (NASDAQ:PEP) shares advanced 2.5% Thursday after the beverage giant secured an 11-year extension to its U.S. fountain partnership with Taco Bell, putting to rest market concerns that additional restaurant chains under Yum! Brands Inc (NYSE:YUM) might…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe contract extension reassures markets on PepsiCo's away-from-home division and reduces the risk of defections to Coca-Cola.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01PepsiCo secured an 11-year extension of its U.S. fountain partnership with Taco Bell.
  2. 02Exclusive pouring rights cover Taco Bell, Taco Bell Cantina and Live Más Cafe locations through 2036.
  3. 03PepsiCo shares rose 2.5% on Thursday.
  4. 04A week earlier KFC had announced it would switch from Pepsi to Coca-Cola.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
PepsiCo, Inc.PEPStock138.34 USD-0.08%today +2.70%Positive The Coca-Cola CompanyKOStock94.80 USD-0.01%today +2.29%Negative Yum! Brands, Inc.YUMStock153.11 USD+0.05%today +1.24%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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