TD Cowen: Coca-Cola (KO.US) KFC business will bring a 10 to 20 basis point boost to revenue, continuing to erode Pepsi (PEP.US) market share.

Zhihu Finance APP reported that Coca-Cola (KO.US) will supply beverages for the first time at KFC outlets in the United States. According to a new partnership, by next spring, this collaboration will cover all KFC stores across the US. TD Cowen believes that the news of Coca-Cola taking over the KFC business under Yum China (YUM.US) from Pepsi (PEP.US) is positive for the Atlanta-based beverage giant, despite its symbolic significance being greater than the quantitative impact.