McDonald's earnings miss estimates as Europe lockdowns squash sales

McDonald's Corp missed Wall Street estimates for quarterly profit and revenue on Thursday as a second round of pandemic lockdowns in parts of Europe hurt its business and countered the hamburger chain's sales growth in the US market.
 

Several European countries announced tough restrictions as the health crisis spiraled out of control late last year, adding to the woes of the restaurant industry, which was already reeling from the impact of the Covid-19 for much of the year.
 

McDonald's said the restrictions were affecting markets abroad, particularly those with fewer drive-thru locations, and that it was expecting some of them