{"id":23609,"date":"2012-03-28T08:47:00","date_gmt":"2012-03-28T08:47:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/teavana-holdings-tea-solid-quarter-reflecting-a-continuation-of-the-business-momentum\/23592\/"},"modified":"2012-03-28T08:47:00","modified_gmt":"2012-03-28T08:47:00","slug":"teavana-holdings-tea-solid-quarter-reflecting-a-continuation-of-the-business-momentum","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/teavana-holdings-tea-solid-quarter-reflecting-a-continuation-of-the-business-momentum\/23609\/","title":{"rendered":"Teavana Holdings &#8211; TEA &#8211; Solid quarter reflecting a continuation of the business momentum"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><strong>Teavana Holdings, Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=TEA\">NYSE: TEA<\/a>)<\/strong> today announced financial results for the fourth quarter and fiscal year ended January 29, 2012.<\/p>\n<p><strong>Highlights for the fourth quarter:<\/strong><\/p>\n<ul>\n<li>TEA Net sales increased by 34% to $68.4 million from $51.2 million in the fourth quarter of fiscal 2010.<\/li>\n<li>TEA opened four new stores compared to five new stores opened in the fourth quarter of fiscal 2010. The Company ended the quarter with 200 company-owned stores.<\/li>\n<li>Comparable store sales, including e-commerce, increased by 8.6%. Comparable store sales, excluding e-commerce, increased by 4.4%.<\/li>\n<li>TEA Income from operations increased by 28% to $21.2 million from $16.6 million in the fourth quarter of fiscal 2010.<\/li>\n<li>TEA Net income increased by 36% to $12.5 million, or $0.32 per diluted share, from $9.2 million, or $0.24 per diluted share in the fourth quarter of fiscal 2010.<\/li>\n<\/ul>\n<p>Andrew Mack, Chairman and CEO, stated: \u201cWe closed fiscal 2011 with another solid quarter reflecting a continuation of the business momentum we had seen throughout the year. The strength of our product offering, our unique store experience and strong execution by our very talented team helped us deliver an 8.6% comparable store sales increase, including e-commerce, and grow our net income by almost 36% in the fourth quarter, all while making the necessary organizational investments that strengthen our infrastructure and support our growth. In 2012, our focus will be on continued execution of our U.S. store opening plan, driving comparable store sales, selectively pursuing international expansion and continuing to deliver strong earnings growth.\u201d<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p><strong>Highlights for the fiscal year:<\/strong><\/p>\n<ul>\n<li>Net sales increased by 35% to $168.1 million from $124.7 million in fiscal 2010.<\/li>\n<li>The Company opened 54 new stores compared to 38 new stores opened in fiscal 2010.<\/li>\n<li>Comparable store sales, including e-commerce, increased by 8.6%. Comparable store sales, excluding e-commerce, increased by 5.5%.<\/li>\n<li>Income from operations increased by 34% to $31.6 million from $23.5 million in fiscal 2010.<\/li>\n<li>Net income increased by 48% to $17.8 million, or $0.46 per diluted share, from $12.0 million, or $0.32 per diluted share in fiscal 2010.<\/li>\n<\/ul>\n<p><strong>About Teavana:<\/strong><\/p>\n<p>Teavanais a specialty retailer offering more than 100 varieties of premium loose-leaf teas, authentic artisanal teawares and other tea-related merchandise through 200 company-owned stores and on its website. The company offers new tea enthusiasts and tea connoisseurs alike its \u201cHeaven of Tea\u201d retail experience where passionate and knowledgeable \u201cteaologists\u201d engage and educate them about the ritual and enjoyment of tea. The company\u2019s mission is to establishTeavanaas the most recognized and respected brand in the tea industry by expanding the culture of tea across the world.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/myriad-genetics-mygn-signed-an-agreement-with-cephalon-inc\/23722\"><br \/>\nMyriad Genetics &#8211; MYGN &#8211; Signed an agreement with Cephalon Inc<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/actuant-corporation-atu-acquired-turotest\/23721\"><br \/>\nActuant Corporation &#8211; ATU &#8211; Acquired Turotest<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/genmark-diagnostics-gnmk-entered-into-a-license-agreement-with-perkinelmer\/23709\"><br \/>\nGenMark Diagnostics &#8211; GNMK &#8211; Entered into a license agreement with PerkinElmer<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/brigus-gold-brd-results-for-q4-and-year-ended-december-31-2011\/23708\"><br \/>\nBrigus Gold &#8211; BRD &#8211; Results for Q4 and year ended December 31, 2011<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/futures-slip-on-global-growth-worries\/23710\"><br \/>\nFutures Slip on Global Growth Worries<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/galena-biopharma-gale-2011-was-a-period-of-significant-transformation-and-growth\/23704\"><br \/>\nGalena Biopharma &#8211; GALE &#8211; 2011 was a period of significant transformation and growth<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/sanchez-energy-corporation-sn-2011-was-a-transformational-year\/23701\"><br \/>\nSanchez Energy Corporation &#8211; SN &#8211; 2011 was a transformational year<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Teavana Holdings, Inc. (NYSE: TEA) today announced financial results for the fourth quarter and fiscal year ended January 29, 2012. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[6],"tags":[2128],"class_list":["post-23609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot-stocks-to-watch","tag-tear"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/23609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=23609"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/23609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=23609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=23609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=23609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}