Analyst Note
| R.J. Hottovy, CFA |While short on quarter-to-date financials or updated guidance, Domino's Nov. 12 Virtual Q&A Event with management helped to reinforce several components of our wide-moat rating while also helping to refine its postpandemic playbook. There is no change to our $380 fair value estimate or our longer-term financial assumptions following the event, and we see shares as fairly valued.