DayDayCook Buys Yai's Thai, Expands Retail Presence With Second US Acquisition
Portfolio Pulse from Akanksha Bakshi
DDC Enterprise, Ltd. (NYSE:DDC), known as DayDayCook, has agreed to acquire Yai's Thai, Inc., a Thai American food brand, for an undisclosed sum. The acquisition is part of DayDayCook's expansion in the U.S. and will be funded through cash and stock. Yai's Thai is expected to continue its growth with projected revenues of $8 million-$10 million in 2023. Its products are sold in over 4,500 stores, including Costco, Whole Foods Market, Safeway, Sprouts, and Kroger. DDC shares rose 7.64% to $4.79 following the news.
December 26, 2023 | 4:34 pm
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POSITIVE IMPACT
DayDayCook's acquisition of Yai's Thai aims to boost its U.S. market presence and is expected to contribute to revenue growth with Yai's Thai's projected $8-10 million in 2023.
The acquisition of Yai's Thai is directly related to DDC's expansion strategy and is likely to be viewed positively by investors, as evidenced by the 7.64% increase in DDC's stock price. The deal, which includes a mix of cash and stock, indicates a strong commitment to growth and the ready-to-eat market, which is a rapidly growing segment. The projected revenue increase for Yai's Thai in 2023 also suggests potential for significant financial impact on DDC's performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100