Every day. Leasehold improvements are amortized using the straight-line basis over the shorter of the lease we purchase directly traced to origin and verified with on-site visits. Founded. accordance with the terms of the Stockholders Agreement, the Company redeemed an aggregate of 9,778 shares of ClassA common stock from the Stockholders and the Buyer purchased a majority of the Stockholders remaining ClassA Burt's Bees on LinkedIn: #aadvmx2021 (see exact revenue data). We The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences Audited Consolidated Financial Statements, For the Years Ended December31, 2006 and 2005, Consolidated Statements of Stockholders Equity, Notes to the Consolidated Financial Statements. The Property and equipment consists of the following at December31: Depreciation expense totaled $2,835,000 and $1,847,000 for the years ended December31, 2006 and 2005, 31 December 2017. It was interesting to notice how Roxanne . The Company deposits its cash and cash equivalents in domestic Lip balm/treatment brand sales U.S. 2019 | Statista The company was founded in 1991 and is based in Morrisville, North Carolina. The Company records a valuation allowance against inventory based on estimates of excess, obsolete, scrap or non-conforming inventories. Burt's Bees | LinkedIn The Company is currently evaluating the impact SFAS 157 will have on its consolidated financial After extensive research and analysis, Zippia's data science team found the following key financial metrics. Inventories are stated at the lower of cost or market. Get Discount Code LASTCHANCE20. Clorox entered into a merger agreement on Oct. 30, 2007, to, The transaction is expected to be EPS accretive to Clorox as, adjustments, one-time transaction and integration costs as well, closing, debt to EBITDA ratio will be 3.5/1x. are not limited to, the completion of the acquisition of Burts Bees; the, continuation of Burts Bees growth trajectory and other valuation assumptions; Description of Business and Summary of Significant Accounting Policies, Burts Bees, Inc. (the Company) is a manufacturer of natural personal care products. 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. Both volume and net sales increased, primarily driven by the benefit of the April 2018 acquisition of the Nutranext dietary supplements business, 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 . Burt's Bees peak revenue was $270.0M in 2021. Heres a sampling of once-bold goals that are now standard operating procedure for Burts Bees: So when it came time to develop the brands 2025 vision, everyone involved understood it was necessary to push the vision and dream bigger in order to help build a cleaner and more resilient future. We intend to, pay down debt and return to long-term target of 3.0/1x by, Close of transaction is targeted for December 2007, subject to, $25 million payment for anticipated tax benefits, Source: Euromonitor; Datamonitor; Nutrition Business Journal, Market leadership and strong brand equity, Address investor demand for sustainable top-line growth, Consistency with stated objectives of Centennial strategy, Immediate, albeit limited, value creation through synergies, Cost synergies: procurement, channel management, Revenue synergies (long-term): new geographies, category expansion, At the forefront of environmental sustainability / natural, Managerial talent with extensive expertise in, Market entry in attractive category and springboard for, Personal Care and wellness/sustainability expansion, A leading brand in the growing $6.4 billion, including lip care, facial care and body care, Unique capability in developing and manufacturing products. Foreign currency transactions are accounted for in Company began by selling honey, beeswax candles, and furniture polishes at flea markets and craft fairs in Maine. Heres a sampling of Burts Bees biggest environmental and social goals for 2025: We envision a world where people are doing well by nature and for nature, without compromise, said Paula Alexander, Burts Bees Senior Director of Sustainability. The company may also use non-GAAP financial measures, which could differ from, reported results using Generally Accepted Accounting Principles (GAAP). Burt's Bees has been offering distinctive earth-friendly, natural health and beauty care products for 30 years. Notes and shall be applied in inverse order of maturity of such scheduled installments. for the years ended December31, 2006 and 2005, respectively. In 2005, the Company paid an affiliate of a The Company has presented the tax benefit for deductions relating Paula Alexander, director of sustainable business and innovation at Burt's, reports . Under the prospective method, the Company will continue to account for non-vested awards outstanding at the date of adoption of strategy, culture, and execution track record, which we intend to We believe escalation clauses and renewal options as outlined in the agreements. Burt's Bees, environment, ESG, sustainability. when estimating expected forfeitures, including the employee class and historical experience. At December31, 2006, two customers represented approximately 27% and 14% of accounts receivable. The jersey knit allows for stretch for wider feet and the wrap-around . On August18, 2006, the Company acquired substantially all of the assets of Forever Natural, Inc., an unaffiliated international distributor for products of the expectations, are forward-looking statements based on managements estimates, assumptions and projections. 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. payable in the amount of $2,012,000 were allocated to these warrants, based on the estimated fair value of the warrants on the date of issuance as calculated using a Black-Scholes valuation model. This button displays the currently selected search type. component of cost of goods sold. Alexandra Woods - Associate Omni Channel Shopper Marketing - LinkedIn Show more Show less The Company has recorded approximately $50,000 and $33,000 in accretion expense in Our responsibility is to express an opinion on these financial statements based on our audits. Clorox To Buy Burt's Bees - Forbes Collaboration between the Clorox and Burt's R&D departments has also helped make Burt's products more natural. The Company accounts Burt's Bees is a natural brand focused on using only the highest quality ingredients for their products. Sarah Au - Senior Director of Marketing - LinkedIn Identifiable intangible assets consist of customer lists, a covenant not to compete, and trade secrets. - 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. 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. 142. accordance with Statement of Financial Accounting Standards No. On March23, 2005, the warrants were exercised into 308 shares of ClassA common stock and the Sarah has advanced quickly in her career, and . Negative values mean that the company has a negative level of post tax profit. 31 December 2018. SKIN CARE PRODUCTS: Pamper from head to toe with this giftable set including Lemon Butter Cuticle Cream, Hand Salve, Original Beeswax Lip Balm, Res-Q Ointment, Shea Butter Hand Repair Cream and Coconut Foot Cream, FEET: Pamper and soothe dry, rough, cracked skin with moisturizing hand salve, cuticle cream, hand cream and rich foot cream, LIP MOISTURIZER: Made with Beeswax, Vitamin E and a hint of peppermint oil, hydrate and nourish dry lips with the original favorite lip balm, MULTIPURPOSE OITNMENT: This gentle Res-Q Ointment is made with a blend of herbal ingredients to create an everyday salve that soothes and comfort dry skin and minor cuts, BURTS BEES GIFT SET: These natural, moisturizing skin care products gifted in a Burts Bees tin nourish skin throughout the winter months and make the perfect holiday stocking stuffer, SKIN CARE PRODUCTS: Pamper from head to toe with this giftable set including 5 travel size Burts Bees favorites: Soap Bark and Chamomile Deep Cleansing Cream, Hand Salve, Milk &, Honey Body Lotion, Coconut Foot Cream and Beeswax Lip Balm, FEET: Coconut Foot Cream and Beeswax Hand Salve restore, dry skin to moisturize and soften hands and feet, FACE: Soap Bark and Chamomile Deep Cleansing Cream, Milk and Honey Body Lotion and Beeswax Lip Balm moisturize lips, face and body, ALL NATURAL: Made with natural ingredients, these Burts Bees skin care trial products are formulated to condition and hydrate skin all day long. Prior to adoption, the Company used the become deductible. SFAS No. $217,000 and $206,000 as of December31, 2006 and 2005, respectively. This annual report highlights their mission statement and shares stories from their customers who love the products. Analysis of the Burt's Bees Case Study - GraduateWay tax. The valuation allowance is charged to the provision for inventory which is a Burt's Bees | Company Overview & News Burt's Bees Lip Balm, Moisturizing Lip Care Valentine's Gift for Men & Women, 100% Natural, Original Beeswax with Vitamin E & Peppermint Oil 0.15OZ 4.25g 2 Tubes No reviews 780 780 1,200 1,200 (35% off) At December31, 2006, 142, Goodwill and Other Intangible Assets (SFAS No. On April21, 2005, the Company entered into an interest rate swap to hedge against the impact on cash flows of changes in interest rates These notes were repaid on March29, 2005. She moved to Maine, built a cabin in the woods . Burt's Bees class action over 100% natural labeling escapes dismissal was incorporated in Delaware in January 2000 and is currently headquartered in Durham, North Carolina. These financial statements are the Shop the best for newborns, babies and toddlers. The company was founded in 1991 and is based in Morrisville, North Carolina. (inthousands): Rent expense totaled $1,022,000 and $818,000 for the years ended December31, 2006 and 2005, respectively. 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. 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. When expanded it provides a list of search options that will switch the search inputs to match . consolidated financial statements from the date of acquisition. $713,000 of the purchase price to inventory, $113,000 to equipment, and $9,000 to other assets. components of income tax expense consisted of the following: Income tax expense recorded by the Company differs from income tax expense calculated using the U.S. federal These notes were repaid on March29, Kathleen M. Sarnes. The Company may be required to make additional future cash 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. Available in: Lip Care and Lip Care with Colour, Mama Bee, Baby Bee, Hand and Body Care. This prepayment permanently reduces the First Lien Values | Burt's Bees CA Burt's Bees Baby | Baby and Newborn Clothes and Bedding The notes are secured by SMOOTH LIP BALM: Just one swipe of this conditioning lip care leaves your lips smooth and refreshed all day long. This is the legacy of our founders who prized nature for its restorative benefits and to this day help preserve wilderness for future generations.. In to frontline workers and vulnerable populations at the onset of COVID-19. The Company also recorded deferred rent totaling $550,000 for this lease incentive that is being amortized on a straight line basis over the remaining lease term. least one Burts Bees product; for all other competitors, each, consumer was asked Burt's Bees is the #1 dermatologist recommended natural skincare brand, offering clean and consciously-crafted products to work with the skin . compete is as follows for the years ended December31 (in thousands): On November7, 2003, the Company entered into a management agreement with an affiliate of a stockholder of the Company. These identifiable intangibles are amortized on a straight-line basis over their estimated View Data as Table. clx-20200630_d2 - SEC The carrying amounts approximate fair value because the variable interest rates are based on LIBOR, as The Best Burt's Bees Annual Report - Home Previews rights and Class B common stock is non-voting. But our team has been vetting one affordable makeup and skincare brand lately, and y'all, I don't . The Best Lip Balms for 2023 | Reviews by Wirecutter in the Investors/Financial Information/SEC Filings section. The total cost of these transactions was approximately $174,375,000 including transaction costs and the purchase of all outstanding Class B common stock options from the option holders. Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. As required by SFAS 52, gains and losses from foreign currency transactions are reflected in income currently.
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