The Pennsylvania supreme court found that Walmart under-compensated employees between 1998 and 2006.
Monday’s ruling on the class-action lawsuit will reduce Walmart’s earnings for the quarter ending on 31 January by 6 cents a share, the company said in a securities filing. That amounts to roughly 4% of its profit forecast of $1.46 to $1.56 for the period.
Walmart shares were up 0.5% to $84.39 in midday New York Stock Exchange trading.
The Pennsylvania supreme court upheld a 2007 lower-court ruling in favor of the workers, who claimed Walmart failed to pay them for all hours worked and prevented them from taking full meal and rest breaks.