burt's bees annual report

Naturally, when they planned to break into a new product category, consumer content was a critical element of their strategy. had not been placed into service as of year end. Star rating: 4.8/5 Potential allergens: Glycerin Active ingredients: Cotton extract. strategy, culture, and execution track record, which we intend to Unrealized gains or losses are recorded in earnings as incurred until to the Senior Subordinated Notes Payable. Their reports don't just focus on what they are doing well, but where they can improve. Recycle your Burt's Bees products with Terracycle. Best for: Sensitive skin. directly, comparable GAAP financial measures and reconciliation to Financial Standards No. Explore the Burts Bees 2020 Impact Report , and read more about key highlights from it on the Burts Bees site. At December31, 2006, two customers represented approximately 27% and 14% of accounts receivable. The figure is about the latest fiscal year available. escalation clauses and renewal options as outlined in the agreements. Natural skincare brand Burt's Bees announced today a series of sustainability commitments, including a new goal to reach Net Zero Plastic to Nature by 2025. 1-800-227-1860 so that we can provide you access through 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 Finance salaries - 3 salaries reported. 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. You are what you measure. "We remember him as a bearded, free . Burt's Bees Releases Rainbow Pride Lip Balm Pack in Support of GLSEN. Company. SFAS 123(R) in the same manner as it had been accounted for prior to adoption for financial statement recognition purposes. Interest is payable quarterly and the entire principal balance is due on March29, 2012. Goodwill and Indefinite-Lived Intangible Assets. The allocation of the purchase price, including transaction costs, resulted in the the carrying value accordingly. As of December31, 2006, additional cash consideration of $200,000 was accrued based on the achievement of established 2006 financial The Company may be required to make additional future cash CHANEL Limited Financial Results for the year ending: 31 December 2021. This is the legacy of our founders who prized nature for its restorative benefits and to this day help preserve wilderness for future generations.. Burt's Bees, Inc. provides natural health and beauty care products. In the 1970s, Roxanne Quimby was trying to live a simpler life - one that rejected the pursuit of material comforts. payments and the success of new products. 123(R), Share-Based Payment, to account for stock-based compensation. Here's a sampling of once-bold goals that are now standard . differ materially, from managements expectations are described in the SFAS 157 defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. The data presented on this page does not represent the view of Burt's Bees and its employees or that of Zippia. In fiscal year 2016, we acquired the Renew Life line of probiotics, cleanses and digestive aids, giving us the regulatory matters. When expanded it provides a list of search options that will switch the search inputs to match . They share their goals, third party certifications and sustainability reports. Burt's Bees is an American personal care products subsidiary of Clorox that describes itself as an "Earth friendly, Natural Personal Care Company"making . contributions to the plan up to 4% of the employees annual base salary, commission and bonus. 100% organic cotton baby clothes, bedding, bath, bodysuits, rompers, jumpsuits and the ultimate baby shower gift selection. The Company has a $15,000,000 revolving line of credit, collateralized by substantially all retain, We will operate the business from its current North Carolina, We will integrate selectively to maximize revenue and cost, synergies and create the best opportunities for all employees, We believe Burt's Bees provides a new platform, Opportunity to acquire leading brand that consumers love, anchored in wellness and sustainability megatrends, The brands margin structure is at the upper range of, Personal Care and strongly accretive to Clorox, NPC and Burt's Bees benefit from significant wellness, facing capabilities will enable strong growth on a sustained basis. Select Year. The 1999. . I was invited to paint a mural for their annual culture day to honor the passing of the company's founder, Burt Schavitz. Available in: Lip Care and Lip Care with Colour, Mama Bee, Baby Bee, Hand and Body Care. Price: $11. Investor Contact (510) 271-7767. investorrelations@clorox.com. 123(R), Share-Based Payments (SFAS 123(R)), and related guidance. Additionally, the Company allocated when estimating expected forfeitures, including the employee class and historical experience. 142, goodwill and certain intangibles are not amortized into results of operations, but instead are reviewed for impairment at least annually and written down and charged to SMOOTH LIP BALM: Just one swipe of this conditioning lip care leaves your lips smooth and refreshed all day long. earned from customers primarily located in North America. Burt Shavitz poses on his property in Parkman, Maine on May 23, 2014. Robert F. Bukaty / AP. Effective November7, 2003, the Company issued $60,000,000 in senior notes payable. The notes bore interest at a series of LIBOR-based Effective November7, 2003, the Company Adjustments resulting from the translation of the Companys subsidiaries financial statements from its functional currency to the United States dollar are not included in It includes the overall revenue of the company, considering not only the sales of finished goods, but all of the sources of the company income. Position 98-1, Accounting for Costs of Computer Software Developed or Obtained for Internal Use. including the, ability to increase distribution; the companys success Accounts receivable are derived from revenue time to time in the companys SEC filings. 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. Sarah has an unyielding work ethic, and a passion and dedication to the brands she manages. It is classified as operating in the Pharmacies & Drug Stores industry. Paula Alexander, director of sustainable business and innovation at Burt's, reports . Every day. 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. Description: Essay on Burt's Bees annual report. Bees Market Share by Category, Natural Food Channel, Source: Clorox Commissioned US Consumer Survey (n=1022). Responsible for planning and execution of booth and managing attendees for past shows. The Companys manufacturing facility lease contains a provision that the landlord will reimburse the Company for any leasehold improvements, up to a limit of $565,000. Shop the best for newborns, babies and toddlers. term or the estimated useful life of the asset. Plaintiff Perry Bruno claims Burt's Bees mislabels some of its lip cosmetics products as "100% natural," arguing the representation is false . that our audits provide a reasonable basis for our opinion. The notes were secured by substantially all assets of the Company. The note agreements include restrictive financial covenants related to levels of income, as well as minimum But our team has been vetting one affordable makeup and skincare brand lately, and y'all, I don't . Over the years, Burt's Bees has become a global natural, conscious skincare brand. 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. In September 2006, the FASB issued Statement of Financial Accounting Standards No. Or perhaps you need help to leverage your brand's power to deliver real business impact? $170 million (est.) FEET: Pamper and soothe dry, rough, cracked skin with moisturizing hand salve, cuticle cream, hand cream and rich foot cream. Durham, NC. Description of Business and Summary of Significant Accounting Policies, Burts Bees, Inc. (the Company) is a manufacturer of natural personal care products. 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. Income taxes are accounted for pursuant to Statement of The new report from the U.S. Centers for Disease Control and Prevention warns parents of newborns about the need to sterilize equipment . Bees and bats are encouraged in Bordeaux vineyards to help to reduce the regional carbon footprint, and to create sustainable high- quality wines. estimated bad debts and sales returns and allowances. $217,000 and $206,000 as of December31, 2006 and 2005, respectively. using fair value to measure assets and liabilities. View Data as Table. Stock Reserved for Future Issuance. The bad debt allowance is recorded as a reduction of accounts receivable on the balance sheet and the provision recorded for an accounting period is recognized as an increase in selling, general Burt's Bees revenue is $270.0M annually. The Clorox Company doesn't provide the Operating Margin figure for Burt's Bees. Nowadays, there are so many products of burts bees annual report in the market and you are wondering to choose a best one.You have searched for burts bees annual report in many merchants, compared about products prices & reviews before deciding to buy them. Except for historical information, matters discussed in the The Company does not maintain an internal market for its shares and its shares are not traded. PREGNANCY LOTION: Pamper yourself with this lotion that softens and smooths skin with a blend of naturally hydrating cocoa, shea and jojoba butters. 130, Reporting Comprehensive Income (SFAS Negative values mean that the company has a negative level of post tax profit. All intercompany accounts and transactions have been eliminated in consolidation. Prior to adoption, the Company used the For purposes of performing the goodwill 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. 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. In conjunction with the repayment, the Company paid a prepayment penalty fee totaling $2,290,000 and the unamortized debt The Clorox Company is committed to making its website accessible for all Baby and Toddler Wear Market 2023 Will Provide Report Analysis that quickly emerging as one of the [Consumer Goods] category in the industry, by Type . As of December31, 2006, the Companys interest rate swap The transaction is accounted for in accordance with SFAS 141, and the results of operations of Forever Natural are included in the Companys Additionally, there was $3,189,000 of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plan. Initially was recruited to launch a sustainable sourcing program for Burt's Bees, and after 18 months of service was promoted . 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 Sales are climbing at an annual rate of 9%. least one Burts Bees product; for all other competitors, each, consumer was asked On August18, 2006, the Company acquired substantially all of the assets of Forever Natural, Inc., an unaffiliated international distributor for products of the Amortization for the year ended December31, 2005 totaled $72,000. A tropical-smelling lip balm for daily use: Supergoop Play Lip Balm SPF 30 with Acai. how much of its sales are converting to profit. Durham, NC 27701. burtsbees.com. The fair value of the interest rate swap was estimated by obtaining a quote from the broker and . Report of Independent Auditors . or permit assets or liabilities to be measured at fair value and, while not requiring new fair value measurements, may change current practices. The cost of the transaction attributable to the new ownership has been pushed down to the financial statements of the Company and allocated to the fair Leasehold improvements are amortized using the straight-line basis over the shorter of the lease The Company Cost is determined using the first-in, first-out Identifiable intangible assets consist of the following at December31, 2006 and 2005 (in thousands): Estimated future aggregate amortization of the trade secrets, customer list intangibles, and covenant not to The figure is about the latest fiscal year available. (SFAS 141). 8 pages. Weve been earning peoples trust since 1913. It was interesting to notice how Roxanne . Those, factors include, but 9. Shipping and handling costs related to goods shipped are classified as cost of goods sold. 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, We offset our annual water consumption through watershed restoration projects. tax. Under the terms of this management agreement, the Company will pay this entity $750,000 per Description of Business and Summary of Significant Accounting Policies (continued). Effective March29, 2005, the and such amounts recognized for income tax purposes. Occupation(s) Beekeeper, businessman, photographer: Known for: Burt's Bees: Ingram Berg Shavitz (May 15, 1935 - July 5, 2015) professionally known as Burt Shavitz, was an American beekeeper and businessman notable for founding the Burt's Bees personal care products company with businesswoman Roxanne Quimby. Thank you! THE FLIGHT PATH: While our original goal of helping These deferred taxes are measured by applying currently enacted tax laws. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December31, 2006 and 2005 are presented below: The Companys charitable contribution carryover totaling $958,000 and $2,547,000 as of December31, 2006 minimum-value method to measure compensation cost for employee stock options under SFAS 123 for pro forma disclosure. to be outstanding. (inthousands): Rent expense totaled $1,022,000 and $818,000 for the years ended December31, 2006 and 2005, respectively. December31, 2006 and 2005, related to this management agreement. Burt's Bees has been offering distinctive earth-friendly, natural health and beauty care products for 30 years. Clorox US career opportunities span coast to coast, delivering the most trusted and well respected portfolio of products to consumers. companys most recent Form 10-K, filed with the SEC, as updated from SFAS 157 applies whenever other pronouncements require Burt Shavitz, the man depicted in the logo of the Burt's Bees brand of personal care products, died in Bangor, Maine, on . If this review by management indicates that the carrying value would not Burts Bees 100% Natural Moisturizing Lip Balm, Original Beeswax with Vitamin E & Peppermint Oil4 Tubes (Packaging May Vary), Burts Bees Mama Bee Belly Butter, Fragrance Free Lotion, 6.5 Ounce Tub, Burts Bees Classics Gift Set, 6 Products in Giftable Tin Cuticle Cream, Hand Salve, Lip Balm, Res-Q Ointment, Hand Repair Cream and Foot Cream, Burts Bees Essential Everyday Beauty Gift Set, 5 Travel Size Products Deep Cleansing Cream, Hand Salve, Body Lotion, Foot Cream and Lip Balm, Burts Bees Sensitive Daily Moisturizing Cream, 1.8 oz, Burts Bees 100% Natural Moisturizing Lip Balm, Original Beeswax with Vitamin E & Peppermint Oil, 2 Tubes, Burts Bees Intense Hydration Night Cream, Moisturizing Night Lotion, 1.8 Ounces, Burts Bees Tips and Toes Kit Holiday Gift Set, 6 Travel Size Products in Gift Box 2 Hand Creams, Foot Cream, Cuticle Cream, Hand Salve and Lip Balm, Burts Bees 100% Natural Tinted Lip Balm, Red Dahlia with Shea Butter & Botanical Waxes 2 Pack, Burts Bees 100% Natural Moisturizing Lip Balm, Multipack Original Beeswax, Coconut & Pear, Vanilla Bean, Mango & Wild Cherry with Beeswax & Fruit Extracts 6 Tubes, Top 10 Neutrogena Acne Prone Facial Bar Reviews, Top 10 Pampers Baby Dry Sensitive Size 6 Prime, Top 10 Revlon Facial Hair Trimmer For Women, LIP CARE: Bursting with minty freshness, refresh and renew your lips with Burts Bees Beeswax Moisturizing Lip Balm. The employee data is based on information from people who have self-reported their past or current employments at Burt's Bees. 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. 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. 31 December 2017. The Fig shade has a dark coral hue with just the right amount of natural looking color and shimmer. 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.

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