Should You Avoid McDonald's Stock, Even Near a 4-Year Low?

McDonald's stock has declined 9% year-to-date and hit a 4-year low near $230/share due to challenging U.S. sales driven by consumer spending constraints from inflation. However, the stock now trades at a P/E of 22 versus its 10-year median of 26, suggesting an attractive valuation. While U.S. same-store sales remain weak with declining customer traffic, global comps grew 1.5%, and the company's franchise model (95% franchised) positions it well for recovery when economic conditions improve.