PepsiCo Cuts 1,000 Jobs as GLP-1 Drugs Squeeze Snack Sales
PepsiCo will cut 1,000 North American jobs as Q3 beverage sales fell 2 percent and GLP-1 users cut chip spending by 11.5 percent, per McKinsey.
Topic
Coca Cola
Topic
Coca Cola
Coca-Cola Raises Full-Year Outlook for Third Straight Quarter
Coca-Cola raised its full-year outlook for a third straight quarter, now expecting at least 11% EPS growth, after beating estimat…
KFC's Switch to Coke Caps Decades of Lost PepsiCo Focus
KFC is switching 3,700 U.S. restaurants to Coca-Cola, ending a 40-year Pepsi deal. PepsiCo CEO Ramon Laguarta admits soft-drink c…
KFC Dumps Pepsi for Coke as Pepsi's Cola Share Hits 8.1%
KFC will drop Pepsi for Coca-Cola at 3,700 U.S. restaurants in January. Pepsi's cola share is 8.1% versus Coke's 18.5%, and its C…
KFC Drops Pepsi After 40 Years, Signs Coca-Cola for All US Stores
KFC is ending its 40-year PepsiCo partnership and switching its entire US restaurant network to Coca-Cola, L'Express Franchise re…
KFC Dumps Pepsi for Coke After 40 Years, Dealing PepsiCo Another Blow
KFC will switch all 3,600 U.S. restaurants to Coca-Cola by spring, ending 40 years of Pepsi at the chain. Coke stock is up 31.60%…
KFC Ditches Pepsi for Coke, Deepening Pepsi's Soda Decline
KFC has switched its soda contract to Coca-Cola, and analysts say Pepsi's position is eroding as more consumers move to Coke — a…
KFC Drops PepsiCo for Coca-Cola in U.S. Restaurants
KFC is switching its U.S. beverage supplier from PepsiCo to Coca-Cola for the first time in decades, ending one of fast food's lo…
Coca-Cola Hires Monster Energy's Rob Gehring to Run North America
Coca-Cola has hired Monster Energy Americas chief Rob Gehring to lead its North America unit starting Dec. 1, as the company defe…