By  on December 6, 2017

Lululemon Athletica Inc. posted another quarter of double-digit sales growth, but the restructuring of its girls line Ivivva took a big bite out of its profits.

The yoga-centric brand said net revenue for the quarter ended Oct. 29 came in at $619 million, a 14 percent increase from a year ago, while income from operations fell 8 percent to $85.6 million. Comparable-store sales rose by 2 percent and direct-to-consumer, or online, sales grew by 26 percent.

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