NATICK, Mass. — An $11.7 million settlement with workers over a wage-and-hour lawsuit contributed to a 37% drop in quarterly net income for BJ’s Wholesale Club, the retailer said Wednesday. Officials emphasized that the lawsuit settlement was a one-time charge, and that excluding that and other one-time expenses, earnings totaled $24.6 million, down 12.8% from $28.2 million in the same period last year, but about what analysts had expected. “Similar issues have affected other retailers, and ...
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