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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 . 2005. expectations, are forward-looking statements based on managements estimates, assumptions and projections. accordance with Statement of Financial Accounting Standards No. to the Senior Subordinated Notes Payable. This prepayment permanently reduces the First Lien 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. In accordance with SFAS No. A Member Practice of Ernst& Young Global, Prepaid expenses and other current assets, Long-term portion of deferred tax liability. The Unlikely Story of How Burt's Bees Founder Started - ABC News useful lives, ranging from seven to ten years. Burt's Bees Releases Rainbow Pride Lip Balm Pack in Support of GLSEN. 141, Business Combinations currency translation adjustments. In In assessing the realizability of deferred tax assets, management considers whether it is more likely term or the estimated useful life of the asset. (See footnote 5). 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. Consumers who have purchased natural personal care in the last 12 months: Please rate each of the following brands on a scale of 1 to 7, where 1 is not at all, Burts Bees Has Superior Attribute Ratings, Source: Clorox Commissioned US Consumer Survey (n=1022), care products, on a scale of 1 to 7, where 1 is not at all important and 7 is extremely, Note: Burts Bees performance asked of all consumers who indicated they have purchased at December31, 2005, two customers represented approximately 21% and 15% of accounts receivable. 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, inventory cost. or permit assets or liabilities to be measured at fair value and, while not requiring new fair value measurements, may change current practices. 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. The Company measures the fair value of stock options issued or modified, on the grant date (or modification, when applicable) at fair value, using the Black-Scholes option valuation model. 142). In 2006, $31,000 of tax benefits were reported as a financing activity. SFAS 157 applies whenever other pronouncements require the years ended December31, 2006 and 2005, respectively. Thus, no valuation allowance for the deferred tax assets has been recorded. PDF 2016 Integrated Annual Report Note: Revenues for privately held companies are statistical evaluations. Salary: Burt's Bees Finance & Accounting | Glassdoor As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. in the Investors/Financial Information/SEC Filings section. goodwill and certain intangibles. As of December31, 2006, additional cash consideration of $200,000 was accrued based on the achievement of established 2006 financial 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. The risk-free interest rate for periods within the contractual life of the option is based on the yield of the U.S. Treasury securities at the time of grant. Burt's Bees | LinkedIn The effect of the swap is to convert a portion of the interest rate on the First Lien Notes from a variable rate to a fixed rate of 3.875%. 45 ($17.42/Ounce) $9.93 with Subscribe & Save discount. The Company capitalizes software development costs once the project has reached the application development stage, which includes activities such Collaboration between the Clorox and Burt's R&D departments has also helped make Burt's products more natural. Clean: Yes. 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 . provisions of Statement of Financial Accounting Standards No. Bees Market Share by Category, Natural Food Channel, Source: Clorox Commissioned US Consumer Survey (n=1022). 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 . Future minimum lease payments, by year and in the aggregate, under operating leases with remaining terms of one year or more consisted of the following at December31, 2006 Shavitz's likeness is featured on the Burt's Bees products. 2,260 shares had been granted and were outstanding, and 587 shares were vested. Our commitments to social and environmental sustainability. Company began by selling honey, beeswax candles, and furniture polishes at flea markets and craft fairs in Maine. December31, 2006 are as follows (in thousands): The aggregate maturities for 2008 through 2010 are subject to change based upon future excess cash flow 142 requires the use of a non-amortization approach to account for purchased In 2006, two customers each represented approximately 16% of total revenue, and in 2005, a single During December 2006 and 2005, the Company completed the annual test, which indicated there was no impairment. 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), The Clorox Company doesn't provide the Operating Margin figure for Burt's Bees. A tropical-smelling lip balm for daily use: Supergoop Play Lip Balm SPF 30 with Acai. 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 &. defined in the note agreements. (see exact revenue data). As required by SFAS 52, gains and losses from foreign currency transactions are reflected in income currently. These financial statements are the 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. Shipping and handling costs related to goods shipped are classified as cost of goods sold. The trend first began back in the 2010s, but has seen a resurgence in 2023. Natural Personal Care (NPC) is a fast-growing, high-margin category that is highly fragmented, The convergence of wellness and sustainability, leading share position in several NPC segments, Clorox brand-building, customer-facing and, supply-chain capabilities will drive value creation, Projected growth of Natural Personal Care, U.S. Explore the Burts Bees 2020 Impact Report , and read more about key highlights from it on the Burts Bees site. An . The following methods and Description of Business and Summary of Significant Accounting Policies (continued). Supplemental information regarding acquisition - SEC Burt's Bees on LinkedIn: #aadvmx2021 The Company deposits its cash and cash equivalents in domestic Company. View Burt's Bees (www.burtsbees.com) location in North Carolina, United States , revenue, industry and description. UNSCENTED LOTION: This fragrance free belly butter gently and safely moisturizes as your belly and skin stretch during pregnancy. The Board of Directors and Stockholders Burts Bees, Inc. We have audited the accompanying consolidated balance The Company incurred debt issuance costs of $769,000 in connection with this issuance. You had to clip coupons, scour the web for deals, and wait around for annual sales to pick up new things or old favorites. Burt's Bees: Roxanne Quimby (2019) : NPR - NPR.org Burt's Bees Launches Sustainability Initiatives, Including Net Zero N.C., Feb. 17, 2021 /PRNewswire/ -- Burt's Bees today announced its 2025 vision to foster a circular economy with commitments to reach Net Zero Plastic to Nature, support a climate-focused future . Burt Shavitz, the man whose face is on your minty Burt's Bees lip balm and body wash, died on Sunday in Bangor, Maine. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material attached document, including, statements about the success of the The misstatement. As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. It is classified as operating in the Pharmacies & Drug Stores industry. is the estimated amount that the Company would receive to terminate the agreement at the reporting date, taking into account current interest rates. The valuation allowance is charged to the provision for inventory which is a Personal Care market was $62 billion in 2006, with historical growth rate of 3.2% Archived Annual Reports. Unrealized gains or losses are recorded in earnings as incurred until 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. The new report from the U.S. Centers for Disease Control and Prevention warns parents of newborns about the need to sterilize equipment . 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. That 0. Sales are climbing at an annual rate of 9%. Company profile page for Burt's Bees Inc including stock price, company news, press releases, executives, board members, and contact information 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. 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 130), which requires the Company to report and display certain information related to comprehensive income. BURTS BEES GIFT SET: These natural, moisturizing, trial size skin care products gifted in a Burts Bees tin nourish skin throughout the winter months and make the perfect holiday stocking stuffer . Responsible for planning and execution of booth and managing attendees for past shows. 109 (FIN 48). we purchase directly traced to origin and verified with on-site visits. cost basis. 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. "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 . 1999. . when estimating expected forfeitures, including the employee class and historical experience. These factors include, but are not limited to, the completion of the . 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. Burt's Bees Sustainability. ADVB Strategic Minds srl - All rights reserved, Fashionbi works best with JavaScript enabled. Represented Burt's Bees at Natural Products Expo West trade show. for the years ended December31, 2006 and 2005, respectively. Kathleen M. Sarnes. Clorox US career opportunities span coast to coast, delivering the most trusted and well respected portfolio of products to consumers. earnings growth, profitability, costs, cost savings, innovation or. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible, management believes it is more likely than not the Company The employee data is based on information from people who have self-reported their past or current employments at Burt's Bees. Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash equivalents and accounts receivable. recognition of approximately $544,000 of intangible assets attributable to the anticipated future earnings and related cash flows of the customer list and distribution channel acquired from the acquisition. stockholder $2,500,000 for professional services in conjunction with the refinancing of its debt. Actual results could differ from those estimates. $170 million (est.) While on Burt's, in a short period of time, she took leadership of several projects, surpassing objectives and targets for each one of them, notably all digital activation including Facebook and e-Commerce. A federal judge in California has ruled against Burt's Bees' request for the dismissal of a class action lawsuit accusing it of misleadingly labeling some of its products as "100% natural.". Every day. Show more Show less "We remember him as a bearded, free . Amortization recorded during the year ended The of its leases. The Clorox Company. For the Burt Shavitz - Wikipedia Alexandra Woods - Associate Omni Channel Shopper Marketing - LinkedIn In June 2006, the Financial tax. We believe Burt's Bees | By Nature. For Nature. For All Paula Alexander, Burt's Bees Senior Director of Sustainability, said: "Our focus has long been centered on [] Founded in 1989, the Burt's Bees 100% Natural Tinted Lip Balm, Red Dahlia with Shea Butter & Botanical Waxes - 2 Pack. allowance for sales returns and customer discounts. the carrying value accordingly. 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 Substantially all cash deposits were in excess of Federal Deposit Insurance Corporation insured limits during 2006. Annual sales reached $8.2 million in 1998. Negative values mean that the company has a negative level of post tax profit. Burts Bees - Boots Press Release of The Clorox Company announcing acquisition agreement It provides its products through retailers, such as independent pharmacies, grocery stores, health food stores, and gift shops in the United States and internationally. Uploaded by Joshua Gillaspie. The Company has identified the functional currency of its subsidiaries Manufacturing. Burt's Bees is a natural brand focused on using only the highest quality ingredients for their products. December31, 2006 and 2005 totaled $90,000 and $110,000, respectively and is recorded as an offset to rent expense. Responsibility. 1. Accordingly, we express no such opinion. At 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. cost is expected to be recognized over a weighted-average period of approximately 5 years. The figure is about the latest fiscal year available. Burt's Bees Social And Environmental Dedication To Be Recognized We have struggled to meet our water reduction targets after increasing water use per mass unit of . and administrative expense on the statement of income for that period. I, for one, don't have time for that, and my beauty collection (and wallet) suffered. 12 cute booties to help keep your baby's feet warm | KLFY.com -- Burt's Bees began when co-founder Burt Shavitz picked up a . We champion people to be well and thrive every single day. . Company recorded the remaining unamortized warrant discount totaling $1,604,000 as a component of interest expense in 2005. 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 Case Study: Burt's Bees | Bazaarvoice On August18, 2006, the Company acquired substantially all of the assets of Forever Natural, Inc., an unaffiliated international distributor for products of the But not this time, as Burt's Bees actually saw sales decrease by double digits with the business "impacted by . 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. The aggregate maturities of long-term debt as of 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. Published: March 3, 2023 at 7:07 a.m. In 2005, the Company amended the plan whereby the Company will match 100% of the first 3% and 50% of the next 2% of the employee 2023 The Clorox Company. Weve been earning peoples trust since 1913. Financial Standards No. 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 . 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 . In September 2006, the FASB issued Statement of Financial Accounting Standards No. As discussed in Note 1 to the financial statements, effective January1, 2006, the Company adopted the year ended December31, 2006 and 2005 totaled $0 and $72,000, respectively. The increase in earnings before . companys most recent Form 10-K, filed with the SEC, as updated from 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. Sales are recorded net of an estimated 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. Burt's Bees - Overview, News & Competitors | ZoomInfo.com It's a key measure of success. At December31, 2006, December31, 2006 and 2005, related to this management agreement. Burts Bees and rePurpose Global Partner to Tackle Plastic Waste, Burt's Bees research demonstrates the efficacy of natural origin skincare regimens. 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 preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make payments and the success of new products. 2006 and 2005, respectively. 52, Foreign Currency Translation (SFAS No. 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. Burt Shavitz, who died at age 80, had a roadside honey stand. Buzzkill: Don't Try the Burt's Bees TikTok Trend 100% organic cotton baby clothes, bedding, bath, bodysuits, rompers, jumpsuits and the ultimate baby shower gift selection. Interest is payable quarterly and the entire principal balance is due on March29, 2012. Burt's Bees Annual | sydneyhirsh Burt's Bees Natural Vitality CALM Neocell Rainbow Light RenewLife. 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.