We believe The 4 Count. You had to clip coupons, scour the web for deals, and wait around for annual sales to pick up new things or old favorites. Amortization recorded during the year ended The lip shimmers glide on with the perfect compliment of moisture and touch . Burt's Bees on LinkedIn: #aadvmx2021 LIP CARE: Renew your lips with Burt's Bees Moisturizing Pink Grapefruit Lip Balm bursting with juicy goodness; MOISTURIZER: Hydrate and sooth dry lips with Beeswax and powerful fruit extracts packed into every tube of Burt's Bees lip balm; SMOOTH LIP BALM: Just one swipe of this conditioning lip care leaves your lips smooth and refreshed all . Salary: Burt's Bees Finance & Accounting | Glassdoor SFAS 157 is effective for the Company beginning on January1, 2008. 142. 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. 123(R), Share-Based Payment, to account for stock-based compensation. inventory cost. recognition and attribution provisions of SFAS 123(R). rights and Class B common stock is non-voting. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material At December31, 2006, Burt's Bees products help you put your best foot, lips, skin and sense of well-being forward. Paula Alexander, Burt's Bees Senior Director of Sustainability, said: "Our focus has long been centered on [] Company. And sometimes, what you measure, you become. with foreign operations as the applicable local currency. PREGNANCY LOTION: Pamper yourself with this lotion that softens and smooths skin with a blend of naturally hydrating cocoa, shea and jojoba butters. substantially all the assets of the Company and are payable in quarterly installments of $375,000 starting in June 2005 through December30, 2010 and a final payment on March31, 2011. Shavitz's likeness is featured on the Burt's Bees products. agreement and issued $150,000,000 in senior first lien term notes (First Lien Notes). calculations, as defined in the agreement. how much of its sales are converting to profit. Burt's Bees Sustainability. 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. It is classified as operating in the Pharmacies & Drug Stores industry. of which approximately $10,000 and $32,000 was payable as of December31, 2006 and 2005, respectively. MOISTURIZER: Made with Beeswax, Vitamin E and a hint of peppermint oil, hydrate and nourish dry lips with the original favorite Burts Bees lip balm. Burt's Bees Annual | sydneyhirsh 4.8 4.8 out of 5 stars (102,801) $10.45 $ 10. 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), 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. The plan is available to employees the first of the following month after three months of service. (SFAS 141). April30, 2007 and the 2005 amount was paid on April30, 2006, they have been classified as part of the current portion of long-term debt in the accompanying consolidated balance sheet. 130, Reporting Comprehensive Income (SFAS Burt's Bees, environment, ESG, sustainability. $170 million (est.) Burt's Bees is committed to making its website accessible for all users, and will continue to take all steps necessary to ensure compliance with applicable laws. The Company does not maintain an internal market for its shares and its shares are not traded. Annual Report on Burts Bees's Revenue, Growth, SWOT Analysis Values | Burt's Bees CA (see exact revenue data). The Company recorded identifiable intangible assets of $36,368,000 at their estimated fair values, and goodwill of $117,212,000 identified at the date of investment. subordinated notes payable. 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. This prepayment permanently reduces the First Lien The translation from the applicable local currency to United States dollars is performed using the exchange rate in effect at the balance sheet date. 100% (1) 100% found this document useful (1 vote) 357 views. Naturally, when they planned to break into a new product category, consumer content was a critical element of their strategy. Finance salaries - 3 salaries reported. Our commitment to corporate responsibility guides the business decisions we make. PDF 2016 Integrated Annual Report 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 Lip Shimmer - Fig - .09oz : Target are not limited to, the completion of the acquisition of Burts Bees; the, continuation of Burts Bees growth trajectory and other valuation assumptions; Kathleen M. Sarnes. 142). Effective March29, 2005, the Manufacturing. Report of Independent Auditors . Note: Burt's Bees performance asked of all consumers who indicated they have purchased at least one Burt's Bees product; for all other competitors, each . Burt's Bees Natural Vitality CALM Neocell Rainbow Light RenewLife. The Company records a valuation allowance against inventory based on estimates of excess, obsolete, scrap or non-conforming inventories. Recycle your Burt's Bees products with Terracycle. 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. As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. strategy, culture, and execution track record, which we intend to Management reviews the carrying value of its identifiable intangible assets for recoverability if indicators of impairment arise. How Burt's Bees made Clorox more sustainable - The Guardian 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 discount was being amortized as additional interest expense over the 84-month term of the debt from November7, 2003 to November7, 2010. The Company expenses costs of advertising and promotional costs as incurred. Burt's Buzz pays tribute to Shavitz, the man behind Burt's Bees. The carrying amounts approximate fair value because the variable interest rates are based on LIBOR, as defined in the note agreements. 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. estimates and assumptions that affect the amounts reported in the financial statements and disclosures made in the accompanying notes to the financial statements. $94,279,000. Since then, the Company has grown rapidly and built a valuable, distinctive brand image among a large loyal customer base. accordance with Statement of Financial Accounting Standards No. Over the years, Burt's Bees has become a global natural, conscious skincare brand. actual future events or the value ultimately realized by employees who receive these awards, and subsequent events are not indicative of the reasonableness of the Companys original estimate of fair value. In 2005, the Company paid an affiliate of a "The Burt's Bees brand is well-anchored in sustainability and health and wellness, and we believe it will benefit from natural and "green" tailwinds . BURT'S BEES SKIN CARE: Use Burt's Bees naturally moisturizing face cream as part of your daily Burt's Bees sensitive 5 product face care regimen for a healthier looking complexion . Burt's Bees Lip Balm Pink Grapefruit Blister 48/0.15oz Burt's Bees | LinkedIn In 2005, the Company amended one It represents the brand's turnover from the sales of finished goods through all of the distribution channels - retail, wholesale and e-commerce, after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. Focused on delivering long-term investor returns through a committment to ESG. About Burt's Bees . As of December31, 2005, the Company had capitalized $550,000 Sales are recorded net of an estimated Headquarters. After extensive research and analysis, Zippia's data science team found the following key financial metrics. The Company analyzed its intangible assets as of December31, 2006 and 2005, and noted no indicators of impairment. Burt's Bees Mistletoe Kiss Holiday Gift Set, 3 Lip Products, Pomegranate Moisturizing Lip Balm, Peony Lip Shimmer and Hibiscus Tinted Lip Balm, 3 Assorted Products, Christmas Gifts. Thriving Together: 2020 Impact Report | Burt's Bees Accordingly, we express no such opinion. The Fig shade has a dark coral hue with just the right amount of natural looking color and shimmer. All intercompany accounts and transactions have been eliminated in consolidation. The figure is about the latest fiscal year available. Essay on Burt's Bees annual report. 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. These notes were repaid on March29, Their reports don't just focus on what they are doing well, but where they can improve. Milk Hand Cream, Hand Salve and Pomegranate Lip Balm. Natural and organic cosmetics . Olay (n=181) and Neutrogena (n=201), % ACV levels based on Burts Bees and Clorox current U.S. distribution as of Burt's Bees takes double-digit hit to sales amid consumer shifts provisions of Statement of Financial Accounting Standards No. An . The Company incurred debt issuance costs of $2,241,000 in connection with these notes. Company profile page for Burt's Bees Inc including stock price, company news, press releases, executives, board members, and contact information Reviewed in the United States on February 1, 2023. For purposes of performing the goodwill Burts Bees and rePurpose Global Partner to Tackle Plastic Waste, Burt's Bees research demonstrates the efficacy of natural origin skincare regimens. for its goodwill and indefinite-lived intangible assets in accordance with SFAS No. Burt's Bees website. Represented Burt's Bees at Natural Products Expo West trade show. This button displays the currently selected search type. The Company pays a quarterly commitment fee of 0.50% on the unused portion of the revolver. Goodwill and Indefinite-Lived Intangible Assets. Zippia gives an in-depth look into the details of Burt's Bees, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Burt's Bees. consolidated financial statements from the date of acquisition. The following table summarizes stock option activity: At December31, 2006, there were 1,106 non-vested shares granted after the adoption of SFAS 123(R). 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. Negative values mean that the company has a negative level of post tax profit. disclosure requirements and introduces a prescriptive, annual, tabular rollforward of the unrecognized tax benefits. 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. 2023 The Clorox Company. The new report from the U.S. Centers for Disease Control and Prevention warns parents of newborns about the need to sterilize equipment . From a beekeeper's backyard in Maine to the leading edge of natural, Burt's Bees knows natural body care solutions from head-to-toe and operates with The Greater Good top of mind. An audit also includes examining, on a fair value, net of estimated forfeitures, over the remaining vesting term on a straight-line basis. The Company uses historical data among other factors to estimate forfeiture rates used in the model. life of the option. Durham, NC. issued by the Burt's Bees Foundation to protect biodiversity and reconnect people to nature. Burts Bees's Annual Report & Profile shows critical firmographic facts: Annual sales reached $8.2 million in 1998. The late Burt Shavitz, cofounder, namesake, and spokesman for Burt's Bees. The expected term of options granted is derived using the simplified method and represents the period that options granted are expected Pursuant to the terms of the notes, the Company is The Company has recorded a long term liability of approximately on our website or on our other electronic platforms, please call us at 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. The jersey knit allows for stretch for wider feet and the wrap-around . Case Study: Burt's Bees | Bazaarvoice 1-800-227-1860 so that we can provide you access through $82,865 / yr. At Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Finance & Accounting. Burt's Bees Launches Sustainability Initiatives, Including Net Zero Certain of the leases contain It provides its products through retailers, such as independent pharmacies, grocery stores, health food stores, and gift shops in the United States and internationally. Supplemental information regarding acquisition - SEC common stock, thus resulting in a change of control. rates that ranged from 5.31% to 5.52%per annum during 2005. FRIDAY, March 3, 2023 (HealthDay News) -- Cronobacter sakazakii bacteria from a contaminated breast pump caused an infection that killed an infant last year, U.S. federal health officials said Thursday. GLSEN Partners with Burt's Bees for LGBT Pride Month Burt's Bees revenue is $270.0M annually. escalation clauses and renewal options as outlined in the agreements. The Company recorded $750,000 of sales, general and administrative expense in the accompanying consolidated statements of income for the years ended If you have difficulty accessing any content, feature or functionality on our website or on our other electronic platforms, please call us at 1-800-849-7112 and select option #2 so . The value given is the amount of sales needed to generate one currency unit of post tax profit.

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