MAM
Joydip Modak joins Times Network as associate account director
KOLKATA: Times Network has brought in seasoned media sales professional Joydip Modak as associate account director, tasking him with sharpening client partnerships and accelerating advertising revenue across key markets.
In his new role, Modak will lead strategic account management efforts while working closely with advertisers to craft integrated campaigns spanning television, radio, digital platforms and on-ground activations. The appointment signals Times Network’s continued push to strengthen cross-platform media solutions in an increasingly converged advertising landscape.
Modak arrives with more than a decade of experience across radio, television and corporate sales. Most recently, he served as business partner at Reliance Broadcast Network, where he handled corporate and key accounts across multiple cities. His tenure also included stints as senior account manager and corporate sales lead, focusing on retail, SME and institutional clients.
Before that, he worked with Fever FM under HT Media and earlier with GATI-KWE and ABP Group, building a career rooted in advertising sales, account development and new business generation.
With a track record that spans studios, boardrooms and brand pitches, Modak now steps into Times Network at a time when media plans increasingly demand one voice across many platforms. His brief is clear: keep clients close, ideas fresh and the revenue dial steadily moving north.
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.
