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McDonald’s (MCD - Free Report) is holding their annual investor meeting to present company information and outlook. Shares were halted today at 10:55 AM ET as investors fled to purchase the company’s stock on anticipation of revamped initiatives.

Here’s everything you need to know about McDonald’s investor day presentation:

1. Meals On Wheels: In the fourth quarter, McDonald’s will test food deliveries, curbside pickup orders, and a mobile ordering and pay platform in the United States. The delivery business is a $100 billion industry McDonald’s is looking to actualize, hinting at partnerships with GrubHub (GRUB - Free Report) , UberEats, and Postmates. Concerns about burgers and fries not delivering as well as other foods, such as pizza, have been trumped by burger chain Jack in the Box (JACK - Free Report) , noting their customers are “forgiving” in tests of their late-night delivery service.

2. Coffee Craze: McDonald’s sees a “significant” opportunity in coffee and snacks to curtail the “hundreds of millions” of customers they have lost to other quick service restaurant companies. McDonald’s says they have not tapped into the high demand for McCafe products, and will look to aggressively compete in this space. The hope is to earn commitment from casual customers by competing with brands such as Starbucks (SBUX - Free Report) .

3. Running To Refranchise: McDonald’s announced they will be refranchising 4,000 restaurants in 2017, which is 1 year ahead of their original schedule. This will bring the company to a global 93% franchised level as their target is 95%; what refranchising does is stabilize cash flow. Since McDonald’s will not have to internally manage the restaurants, the company will reduce G&A expenses and collect rent on property they own and royalties from sales. The move to refranchise will reduce gross sales in the short term, though it will increase operating margin.

4. Eye Catching Guidance: Impressive guidance numbers have been distributed during McDonald’s investor day. McDonald’s shows they expect a cash return target between $22 billion and $24 billion in a three-year period ending in 2019. With their refranchising efforts, McDonald’s is on track to realize $500 million from reduction in G&A expenses; with that, operating margin will be in the range of 20% and 40%. Also, beginning in 2019, McDonald’s anticipates system-wide sales growth to be between 3% and 5%.

McDonald’s Investor Day is still on its way until 3:30 PM CST. Catch the live webcast here. If you can’t watch it right then, don’t fret. A replay of the webcast will be available on their website until September 1, 2017.

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