Domino’s Falls Most Since 2012 After Pulling Store-Growth Target

Domino’s Pizza Inc.’s shares fell the most in more than decade after it unexpectedly suspended its store growth target.

The company said it couldn’t promise it would reach its earlier guidance of more than 1,100 net stores because of uncertainty at a major franchisee. Australia-based master franchisee Domino’s Pizza Enterprises Ltd. said this week it would close as many as 80 low-volume stores in Japan and aims to reduce total store count in France by 10 to 20.