MAM
Almonds Ai opens new office in Dubai
Mumbai: Almonds Ai, a pioneering force in B2B loyalty and channel partner engagement solutions, proudly announces the expansion of its global presence with the opening of a new office in Dubai, United Arab Emirates, marking a significant milestone in the company’s expansion strategy.
The expansion to Dubai aligns perfectly with Almonds Ai’s vision to cater to the evolving needs of businesses across diverse sectors. By leveraging the opportunities presented in the vibrant Dubai market, Almonds Ai aims to foster stronger relationships with existing clients while forging new partnerships to drive mutual growth and success.
The opening of the Dubai office underscores Almonds Ai’s commitment to global expansion and its ability to attract top-tier industry partners. This strategic move will further strengthen the company’s position as a leading provider of transformative B2B loyalty and channel engagement solutions, empowering enterprises worldwide to drive sustainable growth and success.
The new Dubai office will allow the company to collaborate more closely with regional clients, providing localised expertise and seamless support to elevate their channel sales and marketing initiatives.
The company also secured funding from prominent Dubai-based anchor investors. The funding will be used primarily to fulfill regional resource requirements & technology enhancement. The anchor investment from prominent Dubai-based investors underscores Almonds Ai’s commitment to global expansion and its ability to attract top-tier industry partners.
“At Almonds Ai, we are tirelessly innovating to cater to our client’s evolving needs and to deliver on our brand promise of ‘Happier Channel Partners, Healthier Bottom Line. Our new Dubai office will enable us to better serve the unique needs of enterprises in this dynamic region, delivering transformative AI-powered loyalty and channel engagement solutions to help them thrive in an increasingly competitive landscape.” Almonds Ai co-founders Abhinav Jain & Apurv Modi jointly said.
Leveraging its innovative Channelverse platform and advanced AI capabilities, Almonds Ai empowers distribution-led companies of all sizes to drive accelerated revenue growth through optimized channel partner engagement. As Almonds Ai embarks on this new chapter, the company remains committed to driving innovation, fostering collaboration, and delivering measurable value to its clients worldwide.
Brands
Domino’s Q1 profit falls 6.6 per cent, announces $1 billion buyback
Sales rise 3.4 per cent as pizza giant balances growth and shareholder returns
NEW YORK: Domino’s reported a mixed start to 2026, with first-quarter net income slipping even as global sales and store expansion held steady. The company also announced a fresh $1 billion share buyback, underlining its continued focus on shareholder returns.
Global retail sales rose 3.4 per cent on a constant-currency basis to $4.74 billion. The US remained a key growth engine, with same-store sales inching up 0.9 per cent, supported by a 1.5 per cent rise at company-owned outlets.
International markets, however, painted a more uneven picture. While Domino’s added 161 net new stores overseas during the quarter, international same-store sales declined 0.4 per cent. Overall revenues still climbed 3.5 per cent to $1.15 billion, driven by higher supply chain revenues and a 2.6 per cent increase in food basket pricing for franchisees.
On the profitability front, net income fell 6.6 per cent to $139.8 million, compared to $149.7 million a year earlier. Diluted earnings per share dropped to $4.13 from $4.33. The decline was largely attributed to a $30 million unfavourable swing in unrealised gains linked to its investment in DPC Dash Ltd.
Despite this, operational performance showed resilience. Income from operations rose 9.6 per cent to $230.4 million, supported in part by a $7.8 million pre-tax gain from the sale of a corporate aircraft.
Domino’s footprint continued to expand, with the company ending the quarter at 22,322 stores across more than 90 markets. In the US, digital orders remained dominant, accounting for over 85 per cent of retail sales in 2025.
The company also maintained its dividend payout, declaring $1.99 per share, payable on 30 June 2026. After repurchasing $75.1 million worth of stock during the quarter, the new authorisation lifts the total available for buybacks to $1.29 billion.
Domino’s chief executive officer Russell Weiner said the company’s scale and store-level economics position it well to capture further market share in 2026, even as competition intensifies.
As Domino’s leans into expansion and capital returns, the latest results show a business managing short-term pressures while keeping its long-term growth strategy firmly in play.
