These are the top 7 issues facing the struggling restaurant industry in 2025 [Los Angeles Times (CA)]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Los Angeles Times
For most restaurants, credit card swipe fees have become the third-largest operating expense, just behind food and labor, according to the National Restaurant Assn. The practice of adding service charges to restaurant checks has grown in Southern California and across the nation in recent years. Operating a restaurant in Southern California continues to be a difficult endeavor, with many establishments still struggling from pandemic losses. Food and labor costs increased in 2024, remaining by far the largest expenses of running a restaurant, according to the Independent Restaurant Coalition . And the minimum wage is set to increase again in California starting in the new year — to $16.50 an hour. Locally, several Los Angeles restaurateurs report that they have yet to recover from entertainment industry strikes last year, which severely affected the service industry. Paired with low patronage and pandemic-era loans and rent payments that came due, several acclaimed restaurants
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MA
Earnings
- 11/1/24 - Beat
MA
Sec Filings
- 12/9/24 - Form 4
- 11/13/24 - Form 8-K
- 11/12/24 - Form 144
- MA's page on the SEC website