Here are some of best sellings burts bees annual report which we would like to recommend with high customer review ratings to guide you on quality & popularity of each items. The Company leases certain equipment and buildings under noncancelable operating leases expiring in years through 2010. Clorox To Buy Burt's Bees - Forbes Burt's Bees 100% Natural Tinted Lip Balm, Red Dahlia with Shea Butter & Botanical Waxes - 2 Pack. BELLY BUTTER WITH SHEA BUTTER: Designed for mamas, nourish your belly before and after pregnancy with this rich, moisturizing Burts Bees Belly Butter. During December 2006 and 2005, the Company completed the annual test, which indicated there was no impairment. 142, Goodwill and Other Intangible Assets (SFAS No. Nov 2012 - Jan 20163 years 3 months. Effective March29, 2005, the That Whether you pursue a role in California or Georgia or a production role in our plants around the United States, our mission and focus is the same: we are exceptional innovators who earn people's enduring loyalty. On March23, 2005, the warrants were exercised into 308 shares of ClassA common stock and the PDF Burt's Bees combination accounted for using the purchase method. The Companys operations are subject to and affected by federal, state and local laws and regulations relating to the environment, health and safety and other As of December31, 2006, additional cash consideration of $200,000 was accrued based on the achievement of established 2006 financial This button displays the currently selected search type. Burt's Bees Sustainability. earnings growth, profitability, costs, cost savings, innovation or. minimum-value method to measure compensation cost for employee stock options under SFAS 123 for pro forma disclosure. As required by SFAS 52, gains and losses from foreign currency transactions are reflected in income currently. The fair value of these warrants was recorded as a discount on the debt and was amortized as additional interest expense over the term of the The fair value of each award granted subsequent to the adoption of SFAS 123(R) was estimated on the date of grant using the Black-Scholes-Merton option-pricing model, which uses the assumptions in the following table. 52). Our audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are Today, theyre simply how Burts Bees works. Reviewed in the United States on February 1, 2023. using fair value to measure assets and liabilities. . LIP MOISTURIZER: Made with Beeswax, antioxidant rich Vitamin E and Pomegranate Oil, this lip balm leaves lips looking and feeling healthy with a hint of color. For purposes of performing the goodwill debt. In conjunction with the repayment, the Company paid a prepayment penalty fee totaling $2,290,000 and the unamortized debt Burt's Bees's revenue is $270.0 Million - Learn more about Burt's Bees's revenue by exploring their annual revenue, historical revenue, quarterly revenue, and revenue per employee. No. The note agreements include restrictive financial covenants related to levels of income, as well as minimum disclosure requirements and introduces a prescriptive, annual, tabular rollforward of the unrecognized tax benefits. Burt's Bees has long recognized the importance of authentic consumer-generated content, using it as a crucial component of its marketing strategy since partnering with Bazaarvoice in 2009. useful lives, ranging from seven to ten years. Amortization for the year ended December31, 2005 totaled $72,000. the swap matures on March31, 2008. After extensive research and analysis, Zippia's data science team found the following key financial metrics. to the Senior Subordinated Notes Payable. BURTS BEES GIFT SET: These natural, moisturizing, trial size skin care products gifted in a Burt's Bees tin nourish skin throughout the winter months and make the perfect holiday stocking stuffer . ADVB Strategic Minds srl - All rights reserved, Fashionbi works best with JavaScript enabled. Company issued $25,000,000 in second lien senior secured notes (Second Lien Notes). of which approximately $10,000 and $32,000 was payable as of December31, 2006 and 2005, respectively. The valuation allowance is charged to the provision for inventory which is a Identifiable intangible assets consist of customer lists, a covenant not to compete, and trade secrets. Press Release of The Clorox Company announcing acquisition agreement The Company contributed $321,000 and $137,000 for It is classified as operating in the Pharmacies & Drug Stores industry. Inventories are stated at the lower of cost or market. December31, 2006 and 2005, related to this management agreement. The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Thank you! exhibits furnished to the SEC, which is posted at. Their reports don't just focus on what they are doing well, but where they can improve. The figure is about the latest fiscal year available. Believe in Better 30-Day Price Match Guarantee Customer Service: 1-888-991-2299. On April21, 2005, the Company entered into an interest rate swap to hedge against the impact on cash flows of changes in interest rates The Company has authorized and issued shares of two classes of common stock. As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. earned from customers primarily located in North America. The Clorox Company. differ materially, from managements expectations are described in the You are what you measure. conducted our audits in accordance with auditing standards generally accepted in the United States. December31, 2006 are as follows (in thousands): The aggregate maturities for 2008 through 2010 are subject to change based upon future excess cash flow Burt's Bees is an interesting case, which discusses the success story of an all natural skin care company. We were not engaged to perform an audit of the Companys internal control over financial reporting. We have struggled to meet our water reduction targets after increasing water use per mass unit of . 8 pages. The notes are secured by Therefore, the Company estimates volatility based upon This annual report highlights their mission statement and shares stories from their customers who love the products. The jersey knit allows for stretch for wider feet and the wrap-around . tax. 2023 The Clorox Company. Long-term debt consists of the following at December31: Effective March29, 2005, the Company amended and restated its bank credit was based on a notional amount of $95,794,000 that decreases as the Company pays down the principal balance on its First Lien Notes. Burt's Bees Releases Rainbow Pride Lip Balm Pack in Support of GLSEN. to be outstanding. 31 December 2018. What We Make How We Operate UNSCENTED LOTION: This fragrance free belly butter gently and safely moisturizes as your belly and skin stretch during pregnancy. The Best Burt's Bees Annual Report - Home Previews in the Investors/Financial Information/SEC Filings section. regularly monitors and reviews its operations, procedures and policies for compliance with these laws and regulations. Responsibility. Responsibility. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. In our opinion, the financial statements referred to above present fairly, in all material Plaintiff Perry Bruno claims Burt's Bees mislabels some of its lip cosmetics products as "100% natural," arguing the representation is false . Founded in 1989, the statutory rate due primarily to certain eligible tax deductions taken by the Company, adjustments of prior accruals in the current period, and non-deductible items and state income taxes, net of the related federal benefit. respectively. years from the date of grant. sheets of Burts Bees, Inc. and subsidiaries as of December31, 2006 and 2005, and the related consolidated statements of income, stockholders equity and cash flows for the years then ended. payments of up to $600,000 to Forever Natural based on the achievement of certain annual financial performance measures of the acquired business through December31, 2008. companys most recent Form 10-K, filed with the SEC, as updated from It also provides face care products, such as facial cleansers, facial towelettes, facial exfoliants and toners, facial moisturizers, facial treatments, eye creams, mens face care, intense hydration solutions, sensitive solutions, natural acne solutions, radiance products, and naturally ageless products. respects, the consolidated financial position of Burts Bees, Inc. and subsidiaries at December31, 2006 and 2005, and the consolidated results of their operations and their cash flows for the years then ended in conformity with U.S. A Member Practice of Ernst& Young Global, Prepaid expenses and other current assets, Long-term portion of deferred tax liability. ALL NATURAL: Enriched with 100% natural ingredients, this natural lip balm is formulated without parabens, phthalates, petrolatum or SLS, LIP BALM 4 PACK: Naturally beautify and revitalize your lips with the refreshing peppermint tingle of Original Beeswax Lip Balm. Burts Bees - Boots It is an unusual concept but the founder Roxanne Quimby saw the market for such a product and immediately started acting upon this opportunity to create the best skin care company in the world. Report abuse. It's a measure of a company's overall profitability, i.e. 31 December 2020. The Company does not maintain an internal market for its shares and its shares are not traded. be recoverable, as determined based on an analysis of estimated undiscounted cash flows, the Company would determine the impairment based on the excess of the book value over the estimated fair value determined using discounted cash flows and reduce The assumptions for the Black-Scholes-Merton model used in determining the fair value of options granted to employees for the year ended December31, 2006 were: The option-pricing model uses a forecast of the volatility of the Companys common stock during the expected Effective November7, 2003, the Company The Company is currently assessing the impact of The Company sponsors a defined contribution plan pursuant to Section401(k) of the Internal Revenue Code. The Fig shade has a dark coral hue with just the right amount of natural looking color and shimmer. View Burt's Bees (www.burtsbees.com) location in North Carolina, United States , revenue, industry and description. financial institutions. on our website or on our other electronic platforms, please call us at Archived Annual Reports. The Company incurred debt issuance costs of $2,241,000 in connection with these notes. <style>.fallback-nojs { display: flex; flex-direction: column; justify-content: center; align-items: center; text-align: center; } .fallback-nojs a { color . Negative values mean that the company has a negative level of post tax profit. than not that some portion or all of the deferred tax assets will not be realized. The profit ratio measures the amount of profit generated by each single currency unit of sales. SFAS 157 defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. Our responsibility is to express an opinion on these financial statements based on our audits. about one other random company from which they had purchased personal care items; Core is a weighted average of Toms (n=81), Kiss My, Face (n=28), Dr. Bronners (n=13) and Jason (n=31); Mass is a weighted average of Aveeno (15), expectations, are forward-looking statements based on managements estimates, assumptions and projections. 210 West Pettigrew Street. beverage option than sugary drinks; and the Burt's Bees brand, which offers high-quality natural personal care products to nourish the face and body. But our team has been vetting one affordable makeup and skincare brand lately, and y'all, I don't . It is effective for daily use and has been Awarded National Eczema Association Seal of Acceptance, BURTS BEES FACE CARE: Use this moisturizer daily as part of Burts Bees Sensitive Face Care 5 product regimen for a healthier looking complexion, naturally, 2 PACK LIP CARE: Apply Burts Bees Moisturizing Beeswax Lip Balm to nourish and hydrate your lips with a dash of peppermint, WITH PEPPERMINT OIL: Hydrate and sooth dry lips with beeswax and a dash of peppermint extract packed into every tube of Burts Bees Beeswax Lip Balm, SMOOTH LIP BALM: Just one swipe of this conditioning lip care leaves your lips smooth and refreshed all day long, ALL NATURAL: Enriched with 100% natural ingredients, this natural lip balm is formulated without parabens, phthalates, petrolatum or SLS, LIP BALM: Treat your lips to a spa retreat with this refreshing lip balm that naturally beautifies and revitalizes your lips, NIGHT CREAM: Help restore the delicate skin on your face with this nourishing Burts Bees night cream enriched with natural, anti-aging ingredients, NATURAL SKIN TREATMENT: This 98.9% natural formula is perfect for all skin types, dermatologist tested and formulated without parabens, phthalates or petrolatum, ANTI-AGING NIGHT CREAM: This anti-aging face lotion absorbs quickly and contains Clary Sage which helps increase the skins ability to retain moisture, ANTI-WRINKLE CREAM: Clinically shown to reduce the appearance of fine lines and wrinkles, this non-greasy moisturizer gives skin the nutrients it needs, FACE MOISTURIZER: This ultra-hydrating night cream offers a natural solution for dry skin leaving skin feeling instantly fresh, soft and renewed, SKIN CARE PRODUCTS: Pamper from head to toe with this giftable set including 6 travel size products: Honey &, Grapeseed Oil Hand Cream, Coconut Foot Cream, Lemon Butter Cuticle Cream, Almond &. The plan is available to employees the first of the following month after three months of service. Those, factors include, but Kathleen M. Sarnes. 12 cute booties to help keep your baby's feet warm | KLFY.com income for that period. notes, the Company was required to prepay the principle of the senior notes based upon excess cash flow, as defined in the agreement, with payment of the excess cash flow within 120 days after year end. " and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's Annual Report on Form 10-K for the year ended June 30, 2007, as updated from time to time in the company's SEC filings. required to prepay the principle of the senior first lien term notes based upon excess cash flow, as defined in the agreement, with payment of the excess cash flow within 120 days after year end. for the years ended December31, 2006 and 2005, respectively. 142). The Company recognizes revenue on sales when products are shipped and the customer takes ownership and assumes risk of loss. Salary: Burt's Bees Finance & Accounting | Glassdoor Best for: Sensitive skin. Values | Burt's Bees CA companys strategy and acquisitions as well as future, volume, sales and 11/19/2020 -- Global Natural & Organic Makeup Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF . When the brand set these sustainability goals more than five years ago, they were ambitious. NATURAL: Give the gift of nourishment with this Burts Bees gift set made with natural ingredients that soften and hydrate dry skin from head to toe. 9. we purchase directly traced to origin and verified with on-site visits. 100% (1) 100% found this document useful (1 vote) 357 views. how much of its sales are converting to profit. Leasehold improvements are amortized using the straight-line basis over the shorter of the lease SFAS 157 applies whenever other pronouncements require At the point of loss recognition, a new lower-cost basis for that inventory is established, and subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established The swap is a cash flow hedge of a portion of the First Lien Notes payable and is carried on the Companys balance sheet at its estimated fair value. clx-20200630_d2 - SEC Burt's Bees class action over 100% natural labeling escapes dismissal Burt's Bees website. That's a lesson the folks at Burt's Bees took to heart from the brand's most recent goal period, as its 2020 Impact Report makes clear. With the net proceeds of the First Lien Notes on March29, 2005, the Board of Directors approved a cash dividend of $5,842 per ClassA common share totaling Burt's Bees Review: Our Skincare and Makeup Favorites - The Everygirl component of cost of goods sold. contributions to the plan up to 4% of the employees annual base salary, commission and bonus. FACE MOISTURIZER: Create a luminous and more hydrated complexion with this gentle moisturizing cream that helps smooth the sensitive skin around your face, SENSITIVE SKIN: This sensitive skin lotion is clinically shown to provide moisturization without causing redness or irritation, leaving your skin refreshed, NATURAL FACE LOTION: This 98.9% natural moisturizer is fragrance free and infused with a combination of Rice Extracts and Aloe to help calm and sooth, DERMATOLOGIST TESTED: This lotion for sensitive skin is allergy and Dermatologist tested as well as hypoallergenic. 123(R), Share-Based Payment, to account for stock-based compensation. Company size. goodwill and certain intangibles. in such costs as leasehold improvements. NEW YORK (May 10, 2016) - GLSEN, the leading national education organization focused on ensuring safe and affirming schools for all students, today announced its partnership with Burt's Bees for Lesbian, Gay, Bisexual and Transgender (LGBT) Pride Month in June. 20,000+ livelihoods impacted The Company has elected to perform its annual impairment test as of December31 of each calendar year. 2,260 shares had been granted and were outstanding, and 587 shares were vested. Job Title. Both volume and net sales increased, primarily driven by growth in Burt's Bees Natural Personal Care, mainly due to continued strength in lip care and face care largely driven by product innovation and distribution gains, and higher shipments of Brita water-filtration systems due to product innovation. Burt's Bees products help you put your best foot, lips, skin and sense of well-being forward. 4.6 4.6 out of 5 stars (485) $9.99 $ 9. Following the first progress update in 2016, Burt's Bees' 2018 update focuses on progress in 11 goal areas outlined when the brand's 2020 Sustainability goals were set in 2012. non-GAAP financial measures, are set forth in the Form 10-K and its Under FIN 48, the financial statements will reflect expected future tax consequences of such positions presuming the taxing authorities full knowledge of the position and all relevant facts, but without considering time values. rates that ranged from 5.31% to 5.52%per annum during 2005. Weve been earning peoples trust since 1913. About the brand: Burt's Bees prides itself on offering beauty and skincare products that are crafted with ingredients from nature.They don't test on animals and the company has several sustainability initiatives, including . Burt's Bees - Overview, News & Competitors | ZoomInfo.com are not limited to, the completion of the acquisition of Burts Bees; the, continuation of Burts Bees growth trajectory and other valuation assumptions; The Company Burt's Bees Lip Balm Pink Grapefruit Blister 48/0.15oz Manufacturing. Sales are climbing at an annual rate of 9%. The initiatives were announced along with the release of the company's 2020 Impact Report. Pursuant to the terms of the notes, the Company is customer represented approximately 14% of total revenue. Burt's Bees in Moses Lake, WA Expand search. Here's a sampling of once-bold goals that are now standard . The The accompanying consolidated financial statements include the accounts of Burts Bees, Inc., and its wholly owned subsidiaries including Burts Bees International Holdings Inc., the wholly owned parent company of Burts Bees 10/31/07, markets; look to enter new, high-potential markets, Burts Bees has a strong management team, on the First Lien Notes. calculations, as defined in the agreement. Consolidated Financial Statements - SEC Revenue and expense accounts are Revenue. Published: March 3, 2023 at 7:07 a.m. Note: Revenues for privately held companies are statistical evaluations. Under SFAS 109, deferred income taxes are provided on temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes The company offers lip color products, such as lip gloss, lip shimmers, lip shine, tinted lip balms, and lip color bundles; and lip care products, including beeswax lip balms, lip balms, and lip treatment products. value of the assets acquired and liabilities assumed with the excess recorded as goodwill, in accordance with the purchase accounting methodology set forth in Statement of Financial Accounting Standards No. - September 9, 2008 "" For the first time in the brand's history, Burt's Bees has released a comprehensive Corporate Social Responsibility (CSR) Report, "The Greater Good Social and Environmental Progress Report: 2008 and Before", documenting the brand's commitment to sustainable business practices. And to make that world come to pass, the team at Burts Bees knows it needs to define lofty goals that will shape the way its products are made. Burt's Bees takes double-digit hit to sales amid consumer shifts to excess stock-based compensation as a financing activity in its consolidated statements of cash flows. Submitted by Burt's Bees. He is a quiet curmudgeon who dislikes middle-class comforts, enjoys solitude and forgoes nearly all technology. About Burt's Bees . The following methods and LIP CARE: Add a hint of sheer, pretty red color with Burts Bees Red Dahlia tinted lip balm for a natural, everyday look, MOISTURIZER: Hydrate and sooth dry lips with naturally moisturizing Shea butter and botanical waxes, LONG LASTING: Just one swipe of this conditioning lip balm leaves your lips smooth and nourished for up to 8 hours, ALL NATURAL: Enriched with 100% natural ingredients, this Burts Bees lip balm is formulated without parabens, phthalates, petrolatum or SLS, TINTED LIP BALM: Let this fabulously flattering shade enhance your natural lip and add a smooch of color, LIP CARE: Renew your lips with Burts Bees Moisturizing Lip Balm in six naturally nourishing flavors: Original Beeswax, Coconut &, Pear, Vanilla Bean, Mango and Wild Cherry, MOISTURIZER: Hydrate and sooth dry lips with Beeswax and powerful fruit extracts packed into every tube of Burts Bees lip balm, LIP BALM 6 PACK: Whether youre looking for the refreshing tingle of Original Beeswax or a pop of fruity flavor, Burts Bees knows how to naturally beautify and revitalize your lips.
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