burt's bees annual report

The notes bore interest at a series of LIBOR-based how much of its sales are converting to profit. $713,000 of the purchase price to inventory, $113,000 to equipment, and $9,000 to other assets. Those, factors include, but Thus, no valuation allowance for the deferred tax assets has been recorded. These identifiable intangibles are amortized on a straight-line basis over their estimated Goodwill and Indefinite-Lived Intangible Assets. the years ended December31, 2006 and 2005, respectively. Unrealized gains or losses are recorded in earnings as incurred until 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. We believe For the COMMUNITY OUR GOAL: Register 10,000 honeybee forage sites and 10,000 acres through partnerships of The Burt's Bees Greater Good Foundation by 2020. Burt Shavitz, who died at age 80, had a roadside honey stand. (SFAS 141). Verified Purchase . For purposes of performing the goodwill 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, directly, comparable GAAP financial measures and reconciliation to including the, ability to increase distribution; the companys success 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. About Burt's Bees . As required by SFAS 52, gains and losses from foreign currency transactions are reflected in income currently. Best for: Sensitive skin. 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 applies the provisions of Statement of Financial Accounting Standards No. life of the option. 99 ($3.33/count) buy 5 to get 5% off. $100M to $500M (USD) Industry. On March23, 2005, the warrants were exercised into 308 shares of ClassA common stock and the Certain of the Companys operations may, from time to time, involve the use of substances that require environmental operating permits and such permits are subject to modification, renewal and revocation. 142, Goodwill and Other Intangible Assets (SFAS No. escalation clauses and renewal options as outlined in the agreements. 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. Clean: Yes. The Company deposits its cash and cash equivalents in domestic financial institutions. 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. useful lives, ranging from seven to ten years. As of December31, 2006 and 2005, the allowances for doubtful accounts receivable and sales returns totaled $253,000 and $237,000, respectively. Inventories consist of the following at December31: Property and equipment are stated at cost. When expanded it provides a list of search options that will switch the search inputs to match . Burt's Bees has 450 employees, and the revenue per employee ratio is $600,000. How Burt's Bees made Clorox more sustainable - The Guardian Thats a lesson the folks at Burts Bees took to heart from the brands most recent goal period, as its 2020 Impact Report makes clear. CHECK PRICE. It is classified as operating in the Pharmacies & Drug Stores industry. This annual report highlights their mission statement and shares stories from their customers who love the products. Company profile page for Burt's Bees Inc including stock price, company news, press releases, executives, board members, and contact information Amortization expense related to the warrants for the 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. debt. Our responsibility is to express an opinion on these financial statements based on our audits. Or perhaps you need help to leverage your brand's power to deliver real business impact? While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Press Release of The Clorox Company announcing acquisition agreement But our team has been vetting one affordable makeup and skincare brand lately, and y'all, I don't . Job Title. Naturally, when they planned to break into a new product category, consumer content was a critical element of their strategy. Success Story of Burt's Bees Late Cofounder Burt Shavitz - Business Insider 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 In 2005, the Company amended one . 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. generally accepted accounting principles. Burt's Bees lip balm targeted over 'all natural' label, The Clorox Company Signs 47-Megawatt Virtual Power Purchase Agreement, The Clorox Company today announced the launch of a new initiative to advance environmental justice. In fiscal year 2016, we acquired the Renew Life line of probiotics, cleanses and digestive aids, giving us the Clorox To Buy Burt's Bees - Forbes appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys internal control over financial reporting. The brand is focused on two areas where it wants to have an even bigger impact in coming years: reducing waste and energy and having a positive impact on its sourcing communities around the world. Effective January1, 2006, the Company 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. The adoption of SFAS 123(R) resulted in additional compensation CSRWire - Burt's Bees 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. that our audits provide a reasonable basis for our opinion. Show more Show less Lip balm/treatment brand sales U.S. 2019 | Statista Our commitment to corporate responsibility guides the business decisions we make. Finance salaries - 3 salaries reported. 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 And sometimes, what you measure, you become. Burt's Bees is the #1 dermatologist recommended natural skincare brand, offering clean and consciously-crafted products to work with the skin . Additionally, the Company allocated 2023 The Clorox Company. Burt's Bees class action over 100% natural labeling escapes dismissal The Company weighted average grant date fair value per share for shares issued in 2006 is $3,617. test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. 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. Sales are climbing at an annual rate of 9%. Certain of the leases contain Burt's Bees 100% Natural Tinted Lip Balm, Red Dahlia with Shea Butter & Botanical Waxes - 2 Pack. Comprehensive income encompasses all changes in stockholders equity (except those arising from transactions with stockholders) Select Year. The Company estimated that its excess cash flow was $4,900,000 and $1,723,000 as of December31, 2006 and 2005. Burt's Bees Redoubles Impact Commitments, Aims to Achieve Net Zero Burts Bees - Boots Burt's Bees Lip Shimmer - Fig - .09oz : Target $170 million (est.) Our audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are 4 Count. 12 cute booties to help keep your baby's feet warm | KLFY.com Archived Annual Reports. Burt's Bees Annual | sydneyhirsh FIN 48 is effective for fiscal years beginning after December15, 2006. Shipping and handling costs related to goods received are capitalized as a component of statements. translated using the average exchange rate experienced during the period. The Company recorded $750,000 of sales, general and administrative expense in the accompanying consolidated statements of income for the years ended This week on How Stuff Is Made, we discover how Burts Bees Lip Balm is made. The Clorox Company doesn't provide the information on its shareholders. earned from customers primarily located in North America. 109, Accounting for Income Taxes (SFAS 109). Financial Results | CHANEL As of December31, 2006, additional cash consideration of $200,000 was accrued based on the achievement of established 2006 financial In addition, the company offers body care products, including body washes and soaps, body moisturizers, and bath oils and bath crystals, as well as hand, foot, sun, and mens body care products; baby care products, including baby washes and soaps, baby moisturizers, diaper ointment and care products, and baby sun care products; and gift sets. But not this time, as Burt's Bees actually saw sales decrease by double digits with the business "impacted by . payments and the success of new products. SFAS 157 defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. when estimating expected forfeitures, including the employee class and historical experience. She moved to Maine, built a cabin in the woods . Burt's Buzz pays tribute to Shavitz, the man behind Burt's Bees. See full report. Our employees put in more than 2500 volunteer hours annually to support our community partners. The Company incurred debt issuance costs of $2,241,000 in connection with these notes. Our commitments to social and environmental sustainability. Finance & Accounting. the swap matures on March31, 2008. allowance for sales returns and customer discounts. 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 Company markets its products as earth friendly, natural personal care products.. ET. Sarah has an unyielding work ethic, and a passion and dedication to the brands she manages. The value of the warrants was recorded as a discount Shop facial care, lip care, makeup and more to receive 20% off your order when you apply this Burt's Bees discount code today. Kathleen M. Sarnes. on the First Lien Notes. Get Discount Code LASTCHANCE20. Under SFAS 109, deferred income taxes are provided on temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes Burt's Bees is a natural brand focused on using only the highest quality ingredients for their products. The Company may be required to make additional future cash Burts Bees Lip Shimmer keeps your lips hydrated with slightly more than a hint of color. Price: $11. 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.

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