Earlier today, Domino’s hosted an Analyst Meeting in Ann Arbor, Michigan that was well-received. Shares of DPZ are up by about +2.5% intraday, as of this writing. Positives include improved (positive) U.S. delivery same-store sales so far in Q4, a 2024-28 annualized target of +3% or greater U.S. same-store sales growth (and management noting it anticipates being above the +3% mark specifically in 2024), and long-term store targets of 8,500+ for the U.S. and 40,000+ for international. Risks include operating margins that the company anticipates will be about flat next year versus 2023 levels.