BUZZ - Kraft Heinz shares rise after divesting a $650 million coffee business

November 4 - ** Kraft Heinz KHC.N shares rose about 3% in pre-market trading, to $25.28

** KHC said it will sell its North American coffee business under a $650 million enterprise valuation to One Rock Capital Partners (link)

** Will retain a 30% non-controlling equity interest

** Also raised its fiscal 2026 adjusted earnings per share forecast, lifted by demand for condiments, from the prior $2.03–$2.09 to $2.07–$2.13

** Expects organic net sales to decrease by 0.5% to 1.25%, previously forecasted to decrease by 0.5% to 2.0%

** Third-quarter net sales and adjusted earnings per share both exceeded analyst expectations

** As of the previous trading day's close, KHC is up about 1% so far this year

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