burt's bees annual report

interest coverage ratios, fixed charge coverage ratios, and leverage ratios. We believe Burt's Bees has been offering distinctive earth-friendly, natural health and beauty care products for 30 years. 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. . 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. Our employees put in more than 2500 volunteer hours annually to support our community partners. Burt's Bees is the #1 dermatologist recommended natural skincare brand, offering clean and consciously-crafted products to work with the skin . 1. 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. And sometimes, what you measure, you become. life of the option. (2003-2006), NPC growing at double-digit rates across Europe and Asia, U.S. Natural Personal Care Market Is Highly, Fragmented & Lacks Entrenched Scale Players, anticipated to drive growth for years to come, Burts to the Senior Subordinated Notes Payable. 4.8 4.8 out of 5 stars (102,801) $10.45 $ 10. estimated bad debts and sales returns and allowances. The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Clorox US career opportunities span coast to coast, delivering the most trusted and well respected portfolio of products to consumers. 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 leases certain equipment and buildings under noncancelable operating leases expiring in years through 2010. Burt's Bees >. should recognize, measure, present and disclose in its financial statements uncertain tax positions that the Company has taken or expects to take on a tax return (including a decision whether or not to file a return in a particular jurisdiction). The most Shipping and handling costs related to goods received are capitalized as a component of The value given is the amount of sales needed to generate one currency unit of post tax profit. generally accepted accounting principles. income for that period. The transaction is accounted for in accordance with SFAS 141, and the results of operations of Forever Natural are included in the Companys Burts Bees's Annual Report & Profile shows critical firmographic facts: agreement and issued $150,000,000 in senior first lien term notes (First Lien Notes). Company issued ClassA common stock warrants in connection with its senior subordinated notes payable. Burt's Bees website. (see exact revenue data). Management reviews the carrying value of its identifiable intangible assets for recoverability if indicators of impairment arise. Today, they're simply how Burt's Bees works. Document Information click to expand document information. 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. The notes are secured by tax. responsibility of the Companys management. The Company has presented the tax benefit for deductions relating 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. In 2006, $31,000 of tax benefits were reported as a financing activity. 9. 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. 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. The 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 . 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. 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. The Company records a valuation allowance against inventory based on estimates of excess, obsolete, scrap or non-conforming inventories. 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. 99 ($3.33/count) buy 5 to get 5% off. 48 Accounting for Uncertainty in Income Taxes an interpretation of FASB Statement No. 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. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. We offset our annual water consumption through watershed restoration projects. $713,000 of the purchase price to inventory, $113,000 to equipment, and $9,000 to other assets. 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. cost is expected to be recognized over a weighted-average period of approximately 5 years. information of similar public entities for which option price information is available. (See footnote 5). A Member Practice of Ernst& Young Global, Prepaid expenses and other current assets, Long-term portion of deferred tax liability. It's bad for your eyes, according to a Michigan Medicine expert. Description: Essay on Burt's Bees annual report. In June 2006, the Financial The Company capitalizes software development costs related to internal use software in accordance with AICPA Statement of 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. Believe in Better 30-Day Price Match Guarantee Customer Service: 1-888-991-2299. The note agreements include restrictive financial covenants related to levels of income, as well as minimum we purchase directly traced to origin and verified with on-site visits. Interest is payable quarterly and the entire principal balance is due on March29, 2012. The value of the warrants was recorded as a discount 142). View Data as Table. Burt's Bees peak revenue was $270.0M in 2021. The expected term of options granted is derived using the simplified method and represents the period that options granted are expected All awards granted, modified or settled after the date of adoption will be accounted for using the fair value measurement, the carrying value accordingly. 142. 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 Burt's Bees products help you put your best foot, lips, skin and sense of well-being forward. Every day. Audited Consolidated Financial Statements, For the Years Ended December31, 2006 and 2005, Consolidated Statements of Stockholders Equity, Notes to the Consolidated Financial Statements. benefits from the acquisition, including, the companys actual cost performance; price changes; the effect on cash flow of None of the information on this page has been provided or approved by Burt's Bees. Robert F. Bukaty / AP. Shop our selection of Burt's Bees natural personal care products, including skin care products, lip balms, lip colour products, soaps, lotions, natural baby products, and more. Estimates of fair value are not intended to predict The Company does not maintain an internal market for its shares and its shares are not traded. Natural and organic cosmetics . performance targets, as defined in the agreement. The accumulated other comprehensive loss balance consists entirely of foreign Policies (continued). 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. 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 . $82,865 / yr. An audit also includes examining, on a All intercompany accounts and transactions have been eliminated in consolidation. Published: March 3, 2023 at 7:07 a.m. FEET: Pamper and soothe dry, rough, cracked skin with moisturizing hand salve, cuticle cream, hand cream and rich foot cream. 31 December 2017. entered into a Stockholders Purchase Agreement (the Stockholders Agreement) by and among the stockholders of the predecessor company (collectively, the Stockholders), BBI Investors I LP and its assignees (collectively, the Buyer). Burt Shavitz poses on his property in Parkman, Maine on May 23, 2014. FIN 48 revises Burt's Bees Natural Vitality CALM Neocell Rainbow Light RenewLife. 8 pages. Cost is determined using the first-in, first-out As of December31, 2006, additional cash consideration of $200,000 was accrued based on the achievement of established 2006 financial A tropical-smelling lip balm for daily use: Supergoop Play Lip Balm SPF 30 with Acai. 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. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences expense of $1,491,000 and the modification of previously vested options resulted in the additional compensation expense of $226,000 for the period ended December31, 2006. 100% organic cotton baby clothes, bedding, bath, bodysuits, rompers, jumpsuits and the ultimate baby shower gift selection. The Company has identified the functional currency of its subsidiaries At December31, 2006, two customers represented approximately 27% and 14% of accounts receivable. increased the amount of authorized ClassA shares reserved to 2,681. cost basis. year in quarterly installments in exchange for certain advisory and consulting services. Naturally, when they planned to break into a new product category, consumer content was a critical element of their strategy. 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. useful lives, ranging from seven to ten years. Show more Show less 2003. These notes were repaid on March29, In the 1970s, Roxanne Quimby was trying to live a simpler life - one that rejected the pursuit of material comforts. Responsible for planning and execution of booth and managing attendees for past shows. 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 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. 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 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. 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. The Board of Directors and Stockholders Burt's Bees, Inc. We have audited the accompanying consolidated balance sheets of Burt's Bees, Inc. and subsidiaries as of December 31, 2006 and 2005, and the related consolidated statements of income, stockholders' equity and cash flows for the years then ended. Burt's Bees, Inc. provides natural health and beauty care products. Investor Contact (510) 271-7767. investorrelations@clorox.com. including the, ability to increase distribution; the companys success Description of Business and Summary of Significant Accounting years from the date of grant. 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 Shavitz's likeness is featured on the Burt's Bees products. to excess stock-based compensation as a financing activity in its consolidated statements of cash flows. using fair value to measure assets and liabilities. These deferred taxes are measured by applying currently enacted tax laws. issuance costs totaling $613,000 were recorded as a component of interest expense in 2005. financial institutions. It was interesting to notice how Roxanne . 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. About Burt's Bees . Formulated without parabens, phthalates . The Company expenses costs of advertising and promotional costs as incurred. 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. 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. Under FIN 48, the financial statements will reflect expected future tax consequences of such positions presuming the taxing authorities full knowledge of the position and all relevant facts, but without considering time values. as coding, installation of hardware, and software configuration. Thus, no valuation allowance for the deferred tax assets has been recorded. Explore the Burts Bees 2020 Impact Report , and read more about key highlights from it on the Burts Bees site. The employee data is based on information from people who have self-reported their past or current employments at Burt's Bees. I was invited to paint a mural for their annual culture day to honor the passing of the company's founder, Burt Schavitz. Address. Under the prospective method, the Company will continue to account for non-vested awards outstanding at the date of adoption of The Company incurred debt issuance costs of $2,241,000 in connection with these notes. Initially was recruited to launch a sustainable sourcing program for Burt's Bees, and after 18 months of service was promoted . It's a key measure of success. The Company has elected to perform its annual impairment test as of December31 of each calendar year. On Monday, Burt's Bees posted a tribute to its eccentric namesake, Burt Shavitz, who died at 80 over the weekend. 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. On August18, 2006, the Company acquired substantially all of the assets of Forever Natural, Inc., an unaffiliated international distributor for products of the Company profile page for Burt's Bees Inc including stock price, company news, press releases, executives, board members, and contact information Burt Shavitz, who died at age 80, had a roadside honey stand. In conjunction with the amendment, the Company agreed to return a portion of the facility back to its original use at the end of the lease term, May31, 2010. 4.6 4.6 out of 5 stars (485) $9.99 $ 9. Unrealized gains or losses are recorded in earnings as incurred until This annual report highlights their mission statement and shares stories from their customers who love the products. Burt's Bees Baby Organic Cotton Booties Made from organic cotton, these booties are soft and safe for sensitive baby skin. Today, theyre simply how Burts Bees works. Allowances for sales returns are recorded as reductions of accounts receivable on the balance sheet and the provision recorded as a reduction of revenue on the statement of Bees Market Share by Category, Natural Food Channel, Source: Clorox Commissioned US Consumer Survey (n=1022). year ended December31, 2006, foreign currency losses amounted to $37,000. Collaboration between the Clorox and Burt's R&D departments has also helped make Burt's products more natural. 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 . Star rating: 4.8/5 Potential allergens: Glycerin Active ingredients: Cotton extract. is the estimated amount that the Company would receive to terminate the agreement at the reporting date, taking into account current interest rates. RECOVERY BODY BUTTER: Help your skin recover after pregnancy with this 99% natural belly butter that provides relief and comfort to stretched skin. The translation from the applicable local currency to United States dollars is performed using the exchange rate in effect at the balance sheet date. 2023 The Clorox Company. 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. term or the estimated useful life of the asset. Negative values mean that the company has a negative level of post tax profit. 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 The Clorox Company. On March23, 2005, the warrants were exercised into 308 shares of ClassA common stock and the Common Stock and Common Our audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are 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. 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. Clorox entered into a merger agreement on Oct. 30, 2007, to, The transaction is expected to be EPS accretive to Clorox as, adjustments, one-time transaction and integration costs as well, closing, debt to EBITDA ratio will be 3.5/1x. Burt's Bees Lip Balm, Moisturizing Lip Care Valentine's Gift for Men & Women, 100% Natural, Original Beeswax with Vitamin E & Peppermint Oil 0.15OZ 4.25g 2 Tubes No reviews 780 780 1,200 1,200 (35% off) 100% (1) 100% found this document useful (1 vote) 357 views. 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. These identifiable intangibles are amortized on a straight-line basis over their estimated 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. Our People; The The new report from the U.S. Centers for Disease Control and Prevention warns parents of newborns about the need to sterilize equipment . The Company has authorized and issued shares of two classes of common stock. For years, Burt's Bees has been a bright spot on the firm's earnings reports. In assessing the realizability of deferred tax assets, management considers whether it is more likely Company size. The warrants were exercisable until November7, 2010. and such amounts recognized for income tax purposes. regulatory matters. We are CarbonNeutral certified. 130, Reporting Comprehensive Income (SFAS Burt's Bees has 450 employees, and the revenue per employee ratio is $600,000. on the First Lien Notes. 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. The initiatives were announced along with the release of the company's 2020 Impact Report. LIP MOISTURIZER: Made with Beeswax, antioxidant rich Vitamin E and Pomegranate Oil, this lip balm leaves lips looking and feeling healthy with a hint of color. Burt's Buzz pays tribute to Shavitz, the man behind Burt's Bees. Burts Bees Lip Shimmer keeps your lips hydrated with slightly more than a hint of color. non-GAAP financial measures, are set forth in the Form 10-K and its See full report. 0. $100M to $500M (USD) Industry. Sarah has advanced quickly in her career, and . Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash equivalents and accounts receivable. As discussed in Note 1 to the financial statements, effective January1, 2006, the Company adopted the These factors include, but are not limited to, the completion of the . Job Title. with foreign operations as the applicable local currency. This prepayment permanently reduces the First Lien Get Discount Code LASTCHANCE20. 130), which requires the Company to report and display certain information related to comprehensive income. The Company is currently evaluating the impact SFAS 157 will have on its consolidated financial The lip shimmer comes in one slim tube and is available in 14 shimmering shades. how much of its sales are converting to profit. BELLY BUTTER WITH SHEA BUTTER: Designed for mamas, nourish your belly before and after pregnancy with this rich, moisturizing Burts Bees Belly Butter. 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 . But our team has been vetting one affordable makeup and skincare brand lately, and y'all, I don't . In All Rights Reserved. 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, The carrying amounts approximate fair value because the variable interest rates are based on LIBOR, as Paula Alexander, director of sustainable business and innovation at Burt's, reports . strategy, culture, and execution track record, which we intend to I, for one, don't have time for that, and my beauty collection (and wallet) suffered. The remainder of the construction in progress balance is attributable to equipment. 123(R), Share-Based Payment, to account for stock-based compensation. Common stock, ClassA voting, $0.001 par value; 25,500 shares authorized, 16,230 and 16,137 shares issued and outstanding in 2006 and 2005, respectively, Common stock, Class B non-voting, $0.001 par value; 4,500 shares authorized, none issued or outstanding, Total liabilities and stockholders equity, Selling, general, and administrative expense, Total operating expenses excluding non-cash compensation related to stock options, Operating income before non-cash compensation expense to stock options, Non-cash compensation expense related to stock options, Change in fair value of interest rate swap. The Company has recorded a long term liability of approximately The aggregate maturities of long-term debt as of FIN 48 is effective for fiscal years beginning after December15, 2006. The Company is currently assessing the impact of These options have an exercise price of $8,360 per share, generally a graded vesting period of five years or 20% vested per year, and generally an expiration date ten Burts Bees and rePurpose Global Partner to Tackle Plastic Waste, Burt's Bees research demonstrates the efficacy of natural origin skincare regimens. These Best for: Sensitive skin. than not that some portion or all of the deferred tax assets will not be realized. 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. conducted our audits in accordance with auditing standards generally accepted in the United States. Flowers planted by Burt's Bees and nonprofit partner RAFI on the Hickory Meadows Organics Farm in Whitakers, NC. Essay on Burt's Bees annual report. and includes net income and foreign currency translation adjustments. will realize the benefits of these deductible differences. Interest payments on the notes were due quarterly and principal was payable on November7, 2010. Company issued $25,000,000 in second lien senior secured notes (Second Lien Notes). companys ability to achieve the projected, strategic and financial defined in the note agreements. As of December31, 2005, the Company had capitalized $550,000 Burt's Bees Releases Rainbow Pride Lip Balm Pack in Support of GLSEN. Both volume and net sales increased, primarily driven by 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 water-filtration systems due to product innovation.

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