Teavana, a US-based specialty tea retailer, has reported 35% rise in net sales to $168.1m for the fiscal year ended 29 January 2012, compared to $124.7m in same period of 2010.

The company’s comparable store sales, including e-Commerce, grew 8.6% in fiscal 2011. Comparable sales minus e-Commerce rose 5.5%.

Income from operations was up 34% to $31.6m, compared to $23.5m in fiscal 2010, and net income rose 48% to $17.8m against $12m in fiscal 2010.

During the fourth quarter net sales rose 34% to $68.4m from $51.2m in the fourth quarter of fiscal 2010.

Teavana added four new outlets during the fourth quarter, which increased company-owned locations to 200.

The specialty tea retailer’s comparable store sales, including e-Commerce, grew 8.6%, and comparable sales minus e-Commerce rose 4.4%.

The company’s operational income grew 28% to $21.2m, compared to $16.6m in the 2010 fourth quarter, and net income during the period was up 36% to $12.5m against $9.2m in the fourth quarter of fiscal 2010.

Teavana chairman and CEO Andrew Mack said the strength of the company’s product offering, unique store experience and strong execution by its team helped to deliver an 8.6% comparable store sales increase, including e-Commerce and growth in net income by 36% in the fourth quarter, all while making the necessary organizational investments that strengthen the infrastructure and support 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," Mack said.

The specialty tea and tea accessories company has a portfolio of 100 premium loose-leaf teas, authentic artisanal tea wares and other tea-related products, which are available at 200 company outlets and website.