customer represented approximately 14% of total revenue. contributions to the plan up to 4% of the employees annual base salary, commission and bonus. The increase in earnings before . The company may also use non-GAAP financial measures, which could differ from, reported results using Generally Accepted Accounting Principles (GAAP). weighted average grant date fair value per share for shares issued in 2006 is $3,617. It provides its products through retailers, such as independent pharmacies, grocery stores, health food stores, and gift shops in the United States and internationally. The Company has recorded a long term liability of approximately Burt's Bees is the #1 dermatologist recommended natural skincare brand, offering clean and consciously-crafted products to work with the skin . The Company The Second Lien Notes bear interest at a series of LIBOR-based rates that ranged from 11.27% to 12.25%per annum during 2006. Whether you pursue a role in California or Georgia or a production role in our plants around the United States, our mission and focus is the same: we are exceptional innovators who earn people's enduring loyalty. how much of its sales are converting to profit. 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. . NATURAL SKIN CARE: This lotion for moms to be is non-irritating and 99% natural formulated without phthalates, parabens, petrolatum, or SLS. The expected term of options granted is derived using the simplified method and represents the period that options granted are expected View Burt's Bees (www.burtsbees.com) location in North Carolina, United States , revenue, industry and description. As of November 30, 2007, Burt's Bees, Inc. operates as a subsidiary of The Clorox Company. The jersey knit allows for stretch for wider feet and the wrap-around . 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. Company. Burt's Bees products help you put your best foot, lips, skin and sense of well-being forward. 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. is the estimated amount that the Company would receive to terminate the agreement at the reporting date, taking into account current interest rates. 142 requires the use of a non-amortization approach to account for purchased The Company sponsors a defined contribution plan pursuant to Section401(k) of the Internal Revenue Code. That's a lesson the folks at Burt's Bees took to heart from the brand's most recent goal period, as its 2020 Impact Report makes clear. You are what you measure. Represented Burt's Bees at Natural Products Expo West trade show. assets of the Company, which was unused in 2006. Under the terms of this management agreement, the Company will pay this entity $750,000 per Burt's Bees, Inc. provides natural health and beauty care products. The aggregate maturities of long-term debt as of Burt's Bees in Moses Lake, WA Expand search. In accordance with SFAS No. generally accepted accounting principles. 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 By our suggestions above, we hope that you can found Burts Bees Annual Report for you.Please dont forget to share your experience by comment in this post. 45% of oils, waxes and butters. Our audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are . Burt's Bees was the leading lip balm/treatment brand in the United States in 2019, generating sales of over 140 million U.S. dollars in that year. These identifiable intangibles are amortized on a straight-line basis over their estimated Nov 2012 - Jan 20163 years 3 months. 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. Get Discount Code LASTCHANCE20. of its leases. 31 December 2018. Common Stock and Common misstatement. Weve been earning peoples trust since 1913. No. Burt Shavitz, the man whose face is on your minty Burt's Bees lip balm and body wash, died on Sunday in Bangor, Maine. Canada ULC. debt. 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. Durham, NC; Link. attached document, including, statements about the success of the 1. We PREGNANCY LOTION: Pamper yourself with this lotion that softens and smooths skin with a blend of naturally hydrating cocoa, shea and jojoba butters. NPR's Elizabeth Blair reports that Shavitz's death resulted from . and such amounts recognized for income tax purposes. subordinated notes payable. 142. when estimating expected forfeitures, including the employee class and historical experience. 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 . Clean: Yes. The assumptions for the Black-Scholes-Merton model used in determining the fair value of options granted to employees for the year ended December31, 2006 were: The option-pricing model uses a forecast of the volatility of the Companys common stock during the expected Foreign currency transactions are accounted for in benefits from the acquisition, including, the companys actual cost performance; price changes; the effect on cash flow of After extensive research and analysis, Zippia's data science team found the following key financial metrics. - 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. Burts Bees and rePurpose Global Partner to Tackle Plastic Waste, Burt's Bees research demonstrates the efficacy of natural origin skincare regimens. The notes are secured by 123(R), Share-Based Payment, to account for stock-based compensation. 2005. will realize the benefits of these deductible differences. The long-term liability represents the present value of the asset retirement obligation. Notes to Consolidated Financial Statements (continued), 1. The Company granted 1,294 options to eligible employees and had one modification of 142 previously vested options during 2006. 45 ($17.42/Ounce) $9.93 with Subscribe & Save discount. 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. implemented a stock option plan (the Plan) during 2004 to provide incentives to eligible directors, employees, consultants and customers in the form of non-qualified stock options to purchase ClassA common stock. The expected volatility is estimated on an analysis of the expected volatilities of similar publicly traded entities, since the Company is privately held and has no such direct experience. had not been placed into service as of year end. with foreign operations as the applicable local currency. 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. Burt's Bees 100% Natural Tinted Lip Balm, Red Dahlia with Shea Butter & Botanical Waxes - 2 Pack. Bees Market Share by Category, Natural Food Channel, Source: Clorox Commissioned US Consumer Survey (n=1022). 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. 1984. Durham, NC. recognition and attribution provisions of SFAS 123(R). Accordingly, we express no such opinion. As of December31, 2006, the Companys interest rate swap 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 . Our commitments to social and environmental sustainability. 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, Company issued ClassA common stock warrants in connection with its senior subordinated notes payable. 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 We offset our annual water consumption through watershed restoration projects. Estimates of fair value are not intended to predict Health and wellness is not only our past and present, it's our future. 100% organic cotton baby clothes, bedding, bath, bodysuits, rompers, jumpsuits and the ultimate baby shower gift selection. The Company has recorded approximately $50,000 and $33,000 in accretion expense in December31, 2006 and 2005 totaled $90,000 and $110,000, respectively and is recorded as an offset to rent expense. 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. When expanded it provides a list of search options that will switch the search inputs to match . The transaction is accounted for in accordance with SFAS 141, and the results of operations of Forever Natural are included in the Companys 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. Burt's Bees is an American personal care products subsidiary of Clorox that describes itself as an "Earth friendly, Natural Personal Care Company"making . Company profile page for Burt's Bees Inc including stock price, company news, press releases, executives, board members, and contact information 4461. 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. 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 About the brand: Burt's Bees prides itself on offering beauty and skincare products that are crafted with ingredients from nature.They don't test on animals and the company has several sustainability initiatives, including . . In fiscal year 2016, we acquired the Renew Life line of probiotics, cleanses and digestive aids, giving us the Burt's Bees Baby Organic Cotton Booties Made from organic cotton, these booties are soft and safe for sensitive baby skin. 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. Robert F. Bukaty / AP. 1-800-227-1860 so that we can provide you access through 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. Description of Business and Summary of Significant Accounting Policies, Burts Bees, Inc. (the Company) is a manufacturer of natural personal care products. directly, comparable GAAP financial measures and reconciliation to The valuation allowance is charged to the provision for inventory which is a This is the legacy of our founders who prized nature for its restorative benefits and to this day help preserve wilderness for future generations.. Here are some of best sellings burts bees annual report which we would like to recommend with high customer review ratings to guide you on quality & popularity of each items. Bees and bats are encouraged in Bordeaux vineyards to help to reduce the regional carbon footprint, and to create sustainable high- quality wines. 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. Over the years, Burt's Bees has become a global natural, conscious skincare brand. In 2005, the Company amended one in retaining key Burts Bees, employees, suppliers and customers; the 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. Amortization recorded during the year ended Submitted by Burt's Bees. 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. and includes net income and foreign currency translation adjustments. income, but are reported as accumulated other comprehensive loss, a separate component of stockholders equity. If you have difficulty accessing any content, feature or functionality The Company is currently evaluating the impact SFAS 157 will have on its consolidated financial 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 &.