B J S Wholesale Club Inc

B.J.'s Wholesale Club Inc. said it will take a $19.3-million charge and restate earnings for the first half of fiscal 1998 to 27 cents a share from 75 cents, as it adopts new accounting methods. The third-largest wholesale-club chain will begin accounting revenue from its annual membership fees over the life of the membership, typically 12 months, rather than when fees are received. The Natick, Mass.

B.J.'s Wholesale Club Inc. said it will take a $19.3-million charge and restate earnings for the first half of fiscal 1998 to 27 cents a share from 75 cents, as it adopts new accounting methods. The third-largest wholesale-club chain will begin accounting revenue from its annual membership fees over the life of the membership, typically 12 months, rather than when fees are received. The Natick, Mass.