McDonald's Investor Day Set for September 23: Will Growth Strategy Revive Slumping Stock?

McDonald's (MCD) will host its Investor Day on September 23. The event is expected to shed more light on the company's 'McDonald's NEXT' strategy, including longer-term targets and plans to revive U.S. momentum while sustaining international growth.

The fast-food giant has struggled with softer domestic demand, which has weighed on shares down about 18% year-to-date (YTD). However, management is expected to outline its efforts to expand the beverage platform, a $100 billion global opportunity.

From a valuation standpoint, MCD stock currently trades at 19.56 times forward adjusted earnings and 6.34 times sales, both multiples below their own five-year averages.