Kraft Heinz gains after $650 million coffee business divestiture
KHC•Kraft Heinz will divest its North American coffee business to One Rock Capital Partners at a $650 million enterprise value and retain a 30% non-controlling stake. It raised its FY26 adjusted EPS forecast to $2.07-$2.13 and narrowed its expected organic net sales decline to 0.5%-1.25%; Q3 net sales and adjusted EPS beat estimates.
1. Coffee business divestiture
Kraft Heinz said it will divest its North American coffee business to One Rock Capital Partners at a $650 million enterprise value and retain a 30% non-controlling stake.
2. Updated forecast and results
The company raised its FY26 adjusted EPS forecast to $2.07-$2.13 from $2.03-$2.09, citing condiment demand. It expects organic net sales to decline 0.5%-1.25%, compared with its prior forecast of 0.5%-2.0%, and said Q3 net sales and adjusted EPS beat analysts’ estimates.
