Currency: Burger King Cites Dollar Woes

Burger King says unfavorable exchange rates took a bite out of second-quarter earnings.
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Burger King (BKC) , which uses the U.S. dollar as its home currency, said yesterday that unfavorable exchange rates shaved 5 cents per share from its second-quarter earnings, which came in at 33 cents a share.

"The complexity and rapidity in currency fluctuations during our second fiscal quarter, created by uncertainties in the currency markets, was difficult to forecast and anticipate," Chairman and CEO John Chidsey said in the company's earnings release.

Looking ahead, Burger King said "continuing uncertainties in the currency markets may continue to adversely impact earnings."

Hall is the editor of

. Previously, he served as deputy editor and chief innovation officer at

The Orange County Register

and as a news manager at

Bloomberg News

in Frankfurt, Amsterdam and Washington, D.C. As a reporter, he covered business and financial markets, worked in both print and television in the U.S. and Europe, and conducted in-depth investigative coverage at

The Journal-Gazette

in Fort Wayne, Ind. His work also has been published in a variety of newspapers including

The Wall Street Journal


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International Herald Tribune

. Hall received a bachelor�s degree in journalism and political science from The Ohio State University and has taken graduate management science courses at Boston University.