Domino's Shares Drop 12% on US Miss

Domino's Pizza Enterprises Ltd (ASX:DMP) shares fell over 12% to A$15.57 after US parent reported weak Q1 earnings.
US Domino's Pizza Inc (NASDAQ:DPZ) dropped 8.8% as profit and same-store sales missed expectations, citing sluggish international sales.
CEO Russell Weiner said the underperformance of Domino's Pizza Enterprises in Australia, NZ, Japan and Asia‑Pacific drove the earnings miss.
The franchisee, Domino's largest global partner, may post weak annual earnings when results are released in late July/August.