Kraft Heinz (KHC) Agreed To Exit Its North American Coffee Business
Kraft Heinz (NYSE:KHC) agreed to sell its North American coffee business to One Rock Capital Partners, according to an announcement tied to Q3 results. The transaction is positioned to help Kraft Heinz concentrate on core brands and reduce debt tied to its packaged food portfolio. Alongside a Q3 profit beat, Kraft Heinz raised its 2026 earnings forecast, signaling management’s confidence in the multi year plan. The sale of the North American coffee unit and the higher 2026 earnings outlook...