Restaurant Finance Watch: Strong dollar takes toll on global restaurant chains

Restaurant Finance Watch: Strong dollar takes toll on global restaurant chains

NRN editor and restaurant finance expert Jonathan Maze breaks down what you should be watching in the industry this week. Connect with him on the latest finance trends and news at @jonathanmaze and jonathan.maze@penton.com. RELATED: • Yum: 1Q net income falls 9% • McDonald’s works on turnaround • More restaurant finance news

Restaurant chains that do business abroad have a new enemy this earnings season: the U.S. dollar, which has been increasing in value compared with other foreign currencies over the past year.

The value of the dollar has risen 8 percent for the year and 22 percent over the past 12 months.

In November, a single euro was worth $1.26. Today, one euro is worth $1.0

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