PepsiCo Renews Partnership With Taco Bell for 11 More Years. Here’s What Investors Need to Know.

PepsiCo has renewed its exclusive beverage partnership with Taco Bell for 11 years through 2036, covering U.S. locations and international markets. The deal comes as a win following PepsiCo's recent loss of KFC to Coca-Cola. While the Taco Bell renewal is positive, the analyst notes PepsiCo faces challenges with flat organic sales in North America and suggests the deal may not be a major game-changer for the company's fundamentals.