topps mission statement

It is usually one sentence or a short paragraph, explaining a company's culture, values, and ethics. TOPP Industries, Inc. is committed to its customers and its product, and realizes that quality, price, and selection is its main responsibility. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act, or an exemption therefrom. To the extent that forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. About The Topps CompanyFounded in 1938, The Topps Company, Inc. is a global consumer products company that entertains and delights consumers through a diverse, engaging, multi-platform product portfolio that includes physical and digital collectibles, trading cards, trading card games, sticker and album collections, memorabilia, curated experiential events, gift cards and novelty confections. Please see the reconciliation of non-GAAP financial measures to the most closely comparable GAAP measures at the end of this press release. It attempts to succinctly explain why a company exists and what its purpose is. Consolidated gross margin improved 350 basis points, to 43.3% in the second quarter of 2021 from 39.8% in the second quarter of 2020. Stockholders, potential investors and other interested persons should read the proxy statement carefully when it becomes available before making any voting or investment decisions. Mission statements serve several purposes, including motivating employees and reassuring investors of the company's future. Throughout the years TOPPS has donated over $100,000 dollars to charities like the Sunshine Kids amongst others and also to the Clear Lake Chamber of Commerce for their Fourth of July Fireworks Spectacular. Second Quarter 2021 Financial ResultsNet sales increased by $92.8 million, or 77.7%, to $212.2 million for the second quarter of 2021, from $119.5 million in the second quarter of 2020, reflecting substantially higher Sports & Entertainment and Confections sales. Although it's never ideal to constantly pivot your image and change your mission statement, your company may outgrow or shift directions resulting in the need of a new statement. TOPPS was also very instrumental in organizing and staffing many national offshore races, including race sites in Galveston, Corpus Christi, South Padre Island, Biloxi, New Orleans, and Key West. Topps encourages investors to review its financial statements included in the proxy statement filed by MUDS in their entirety and not to rely on any single financial measure. Net effect of changes in operating assets and liabilities: Accounts payable, accrued expenses and other current liabilities, Acquisitions of property, plant and equipment, Effect of exchange rate changes on cash and cash equivalents, Cash and cash equivalents beginning of period, Cash and cash equivalents end of period. Topps believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends. Microsoft's mission statement is: "Our mission is to empower every person and every organization on the planet to achieve more.". NEW YORK, June 22, 2021 (GLOBE NEWSWIRE) -- The Topps Company, Inc.(Topps or the Company), a global leader in sports and entertainment collectibles and confections, today announced financial results for the first quarter ended April 3, 2021. MUDS and Topps undertake no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Next, describe the way in which your company does what it does. He teaches accounting, helping promote financial education and awareness. Now seven decades later, artists and creatives around the globe are revisiting and reimagining 70 years of iconic baseball card designs, each selecting their own MLB players and Topps designs to craft a unique story. Every company should have a precise statement of purpose that gets people excited about what the company does and motivates them to become part of the organization. About the Cards Prior to joining Topps, Mr. Leiner worked for Madison Dearborn Partners as an Associate, responsible for evaluating new growth equity and leverage buyout transactions globally and managing existing investments, including the Topps Company investment. The reduction in estimated public company costs to $6 million reflects the projected timing of completing the business combination with Mudrick Capital Acquisition Corporation II (MUDS). Our recent results exemplify the powerful emotional connection Topps has with a wide range of consumers and great execution by our teams. Companies can benefit from having a mission statement. Not for profit refers to a type of organization or enterprise that does not earn profits for its owners. One summer weekend day, approximately 12 captains with their boats and crews headed to Galveston, Texas from Clear Lake cruised into Offatts Bayou and stopped at a great watering hole known as the Seabreeze Restaurant and Bar. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Either through a group voting process or by soliciting the feedback of a few people you trust, whittle down the list you generated in step two. by Topps. In addition, it can also be used in marketing documents. Topps believes Adjusted EBITDA is also useful in evaluating its operating performance, as it is similar to measures reported by Topps competitors and is regularly used by security analysts and investors in analyzing companies operating performance and prospects. Mission definition. Topps believes that this non-GAAP measure provides meaningful information to assist investors and stockholders in understanding Topps financial results and assessing its prospects for future performance, and reflects an additional way of viewing aspects of Topps operations that, when viewed with its GAAP financial measures, provides a more complete understanding of Topps business. This section requires some thought, as you aren't necessarily trying to provide a detailed description of the company's operations. Investor ContactTom Filandro and Brendon Frey, ICR, Inc.ToppsIR@icrinc.com, Media Contact Keil Decker, ICR, Inc.ToppsPR@icrinc.com, TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except share data), Prepaid expenses and other current assets, Accrued expenses and other current liabilities, Common stock, $0.01 par value; 1,000 shares authorized; 100 shares issued and outstanding as of July 3, 2021 and January 2, 2021, Total liabilities and stockholders equity, TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Amounts in thousands) (unaudited), Selling, general and administrative expenses, Unrecognized pension and postretirement benefit (costs), net of income taxes, TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in thousands) (unaudited). Second Quarter 2021 Financial HighlightsComparison of the Thirteen Weeks Ended July 3, 2021 to the Thirteen Weeks Ended July 4, 2020, Net sales increased by $92.8 million, or 77.7%, to $212.2 million, Gross margin improved 350 basis points to 43.3%, Adjusted EBITDA* grew 144.0% to $55.1 million, Adjusted EBITDA margin* increased 710 basis points to 26.0%, Second Quarter 2021 Segment HighlightsComparison of the Thirteen Weeks Ended July 3, 2021 to the Thirteen Weeks Ended July 4, 2020, Sports & Entertainment segment net sales increased 86.5% to $151.5 million, Physical Sports & Entertainment net sales increased 87.7%, Digital Sports & Entertainment net sales increased 122.4%, Sports & Entertainment segment Adjusted EBITDA increased 137.8% to $53.6 million generating an Adjusted EBITDA margin of 35.4% compared to 27.8%, Confections segment net sales increased 58.8% to $60.7 million, Confections segment Adjusted EBITDA increased 71.1% to $11.9 million generating an Adjusted EBITDA margin of 19.6% compared to 18.2%, *Non-GAAP measure; complete definitions of Topps non-GAAP measures are provided herein under Non-GAAP Measures Disclosures., Michael Brandstaedter, Chief Executive Officer of The Topps Company stated, Our second quarter performance reflected the overall strength of our business. Investors are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. First, outline what your company does. These factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could result in the proposed business combination not being completed at all or on the expected timeline, including as a result of the termination of the definitive documentation with respect to the proposed business combination or the failure to obtain approval of MUDS stockholders or other conditions to closing in the definitive documentation with respect to the proposed business combination; (2) the outcome of any legal proceedings that may be instituted against MUDS or Topps or any of their respective directors or officers, following the announcement of the proposed business combination (3) the ability to meet applicable NASDAQ listing standards; (4) the risk that the proposed business combination disrupts current plans and operations of Topps business as a result of the announcement and consummation of the proposed business combination; (5) the inability to complete the private placement (6) changes in domestic and foreign business, market, financial, political and legal conditions; (7) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the proposed business combination; (9) changes in applicable laws or regulations; (10) the impact of the global COVID-19 pandemic on any of the foregoing risks; and (11) other risks and uncertainties indicated from time to time in the proxy statement relating to the proposed business combination, including those under Risk Factors therein, and other documents filed or to be filed with the SEC by MUDS. Company Description: For football and basketball fans, it's all in the cards. Topps Confections, Bazooka Candy Brands, produces, markets and distributes confections brands including Ring Pop, Push Pop, Baby Bottle Pop, Juicy Drop, Finders Keepers, and Bazooka bubble gum. in definitive proxy or information statements incorporated by reference in Part III of this form 10-K or any amendment of this Form 10-K. ; Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer The following definitions are provided: Adjusted EBITDA is defined as earnings before interest, income taxes and depreciation and amortization, and further adjusted to exclude the impact of certain items that are non-cash, unrelated to Topps core revenue-generating operations or that affect the comparability of Topps results from period to period. Core competencies are the resources and capabilities that comprise the strategic advantages of a business. While it may be difficult to narrow down the focus of your company in a single statement, here are some tips to help you write a good mission statement. Forward-looking statements may be identified by the use of words such as forecast, intend, seek, target, anticipate, believe, expect, estimate, plan, outlook, and project and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. For example, an ethical investor against tobacco products would probably not invest in a company whose mission is to be the largest global manufacturer of cigarettes. Fun office atmosphere. ET. THE TOPPS COMPANY, INC. (Exact name of registrant as specified in its charter) . A value statement often includes actionable direction such as "taking ownership", "acting ethically", "doing what is right", or "being transparent." These interdependent, cascading roles . This compensation may impact how and where listings appear. Topps encourages investors to review its financial statements included in the proxy statement filed by MUDS in their entirety and not to rely on any single financial measure. Mission statements serve a dual purpose by helping employees remain focused on the tasks at hand, and encouraging them to find innovative ways of moving toward increasing their productivity with the eye to achieving company goals. The definitive proxy statement and other relevant materials for the proposed business combination will be mailed to stockholders of MUDS as of June 30, 2021, the record date established for voting on the proposed business combination. A mission statement defines what line of business a company is in, and why it exists or what purpose it serves. About Mudrick Capital Acquisition Corporation IIMUDS is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Corporate culture refers to the beliefs and behaviors that determine how a company's employees and management interact. Non-GAAP Financial Measures This press release includes certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EBITDA margin, that are not prepared in accordance with accounting principles generally accepted in the United States (GAAP). 97% Reach. TOPP's Mission Statement: TOPP Industries, Inc. is committed to its customers and its product, and realizes that quality, price, and selection is its main responsibility. The increase was primarily due to higher employee-related costs in the second fiscal quarter of 2021 compared to the second fiscal quarter of 2020, which had lower marketing and employee-related costs primarily due to cost reductions associated with the COVID-19 pandemic. This, in turn, helps an individual maintain a healthy work/life balance that increases their personal achievement in all of these areas. These include white papers, government data, original reporting, and interviews with industry experts. Topps uses Adjusted EBITDA to evaluate the underlying performance of its revenue-generating operations and facilitate comparisons of Topps recurring operating performance between periods and to the reported operating performance of other companies. These documents can be obtained free of charge from the sources indicated above. TOPP offers quality sewage basins, sump basins and wastewater basins made of fiberglass and polyethylene that provide answers for both budget and performance. Stockholders of MUDS will also be able to obtain copies of the proxy statement and other documents filed with the SEC, without charge, once available, at the SECs website at www.sec.gov. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Topps Physical Sports & Entertainment products include Major League Baseball, Major League Soccer, UEFA Champions League, Bundesliga, National Hockey League, Formula 1, Star Wars, WWE, Wacky Packages, Garbage Pail Kids, Mars Attacks and more. A club name, logo, set of bylaws, and the election of officers soon followed. A mission statement doesn't give much opportunity for a rebuttal to clarify or further explain what a company is all about. $14.99. No Offer or SolicitationThis press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. The Topps Company, Inc Industry: Toys and games , Playing cards , Social stationery and greeting cards , Albums, scrapbooks and binders , Candy and other confectionery products See All Industries Printer Friendly View Address: 1 Whitehall St New York, NY, 10004-3612 United States See other locations Phone: Website: www.topps.com Employees (this site): Actual In general, a company's goals are often even more specific, potentially referring to specific business lines, growth percentages, geographical regions, or new initiatives. The improvement mainly reflected a mix shift of net sales to e-commerce in Physical Sports & Entertainment and the improved profitability of Sports & Entertainment, partially offset by higher freight costs and a mix shift to higher cost products in Confections. In the examples below, some individuals may be skeptical of alternative sources of energy and may be scared away when learning of Tesla's mission statement. A mission statement is also a perfect "elevator pitch" sentence that key members of your company should know. What is Topp Company Mission Statement? A great mission statement helps your company define its direction and stay on track. You can find more information about MUDS directors and executive officers in MUDS Amendment No. *Too short for readability grading, but clearly easy to understand. We generated notable outperformance in our Sports & Entertainment segment combined with very solid top line expansion in our Confections segment. Mission and vision statements play three critical roles: (1) communicate the purpose of the organization to stakeholders, (2) inform strategy development, and (3) develop the measurable goals and objectives by which to gauge the success of the organization's strategy. Brand management is a marketing function that uses brand management techniques to increase the perceived value of a product line or brand over time. 2020 Pro Forma Adjusted EBITDA* and 2021 Adjusted EBITDA* include estimated public company costs of $9 million. TOPS Mission Statement. There are drawbacks to having a mission statement. A personal mission statement can help you identify your values and goals, defining what matters most to you professionally. Stockholders of record as of June 30, 2021 will be entitled to vote at the Special Meeting. About Mudrick Capital Acquisition Corporation IIMUDS is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. MUDS stockholders and other interested persons are advised to read, the preliminary proxy statement, any amendments thereto, and, when available, the definitive proxy statement and any other documents filed, in connection with MUDS solicitation of proxies for its special meeting of stockholders to be held to approve the proposed business combination and other matters, as these materials will contain important information about MUDS, Topps and the proposed business combination. A company may solicit employees to incorporate adding its mission statement as part of a company-wide standard e-mail signature block. Narrow down your choices. After the bulk of the work has been done, companies may struggle with "wordsmithing" or simply rearranging words instead of trying to generate value. Work with a passionate, confident and humble team. Additional Information About the Proposed Business Combination and Where to Find ItIn connection with the proposed business combination involving MUDS and Topps, MUDS filed a preliminary proxy statement with the SEC on May 12, 2021 relating to the proposed business combination, which has since been amended. Non-cash and non-core losses/(gains), net. By a show of hands it was decided that a High Performance Boat Club would be fun and give others with the same mindset an opportunity to join in. These hot rod boating enthusiasts were not to be denied. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies for financial brands. Quite simply, we produce working solutions that make sense and make a difference - now and for the future. Adjusted EBITDA*, is now expected to be in the range of $130 million to $140 million, representing an increase of 41% to 52% over 2020 Pro Forma Adjusted EBITDA* of $92 million. A social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. It is best known as a leading producer of baseball cards and other sports-related trading cards. Parents and caregivers Explore parental leave policies and other benefits, company culture and general support. In effect, a companys mission is its identity, and the vision is its journey to accomplishing its mission. OutlookFor 2021, the Company now expects net sales to be in the range of $740 million to $760 million, representing an increase of 31% to 34% over 2020 net sales of $567 million. You can learn more about the standards we follow in producing accurate, unbiased content in our. Gary Gibson was elected TOPPS first President, Max Westerfield became TOPPS second President and the club saw a quick rise in membership throughout its first decade with members boats topping 105 in numbers. A mission statement is a brief but clear group of words that explains the core values of a company or organization. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. This seemed like a natural progression of the high performance life where one could get out in open watersaway from it allopen up throttles and let it rip without any hassles about speed limits or loud exhausts. NEW YORK, Aug. 18, 2021 (GLOBE NEWSWIRE) -- The Topps Company, Inc. (Topps or the Company), a global leader in sports and entertainment collectibles and confections, today announced financial results for the second quarter ended July 3, 2021. Tornante invests in, acquires, and operates media and entertainment companies. Instead of being technicalthat's not the point herethink of what values go into the core of your business. The non-GAAP measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. For example, vision statement of Accenture is "To become one of the world's leading companies, bringing innovations to improve the way the world works and lives.". A mission statement is a declaration of what your company does and why it exists. MUDS has scheduled a special meeting in lieu of its 2021 annual meeting of stockholders (the Special Meeting) to vote on the proposed transaction with Topps and related matters for August 25, 2021 at 10:00 a.m. A company should take as long as it needs to craft the right statement to describe its mission. We also reference original research from other reputable publishers where appropriate. Fun office atmosphere. Cautionary Language Regarding Forward-Looking StatementsThis press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Topps believes that this non-GAAP measure provides meaningful information to assist investors and stockholders in understanding Topps financial results and assessing its prospects for future performance, and reflects an additional way of viewing aspects of Topps operations that, when viewed with its GAAP financial measures, provides a more complete understanding of Topps business. TOPPS mission statement in part was to promote offshore racingand did it ever! The Special Meeting will be completely virtual and conducted via live webcast. Topps does not provide a non-GAAP reconciliation for its forward-looking Adjusted EBITDA, as such reconciliation would rely on market factors and certain other conditions and assumptions that are outside of the companys control. First Quarter 2021 Financial ResultsNet sales increased by $59.3 million, or 55.3%, to $166.6 million for the first quarter of 2021, from $107.3 million in the first quarter of 2020, reflecting substantially higher Sports & Entertainment sales as well as an increase in Confections sales. Topps Living Set Fine Art Print #599 - Michael Harris II. Students' Personal Mission Statement Examples. For additional information visit topps.com, play.toppsapps.com, toppsdigitalservices.com, toppsnfts.com, Candymania.com, investors.thetoppscompany.com. When available, the definitive proxy statement and other relevant materials for the proposed business combination will be mailed to stockholders of MUDS as of the record date to be established for voting on the proposed business combination. Topps Confections, Bazooka Candy Brands, produces, markets and distributes confections brands including Ring Pop, Push Pop, Baby Bottle Pop, Juicy Drop, Finders Keepers, and Bazooka bubble gum. The decrease primarily reflects a favorable impact of foreign exchange on the remeasurement of intercompany balances due to a stronger British Pound Sterling versus the US Dollar exchange rate, partially offset by higher employee-related costs in the first fiscal quarter of 2021 compared to the first fiscal quarter of 2020. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Monterey Bay Aquarium: To inspire conservation of the oceans. Connect with clients Customers hire companies with whom they find a connection. Contents 1 Company history 2 Current Main Product Lines 3 Previous Main Product Lines 4 Topps Baseball Card Sets (by Year) 5 See Also Company history Claim This Page Mission, Vision & Values at Similar Size Companieson Comparably Collective Health 201-500 Employees Blend 201-500 Employees No Offer or SolicitationThis press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. 2 to the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on May 10, 2021. Encourages High-Quality Output. It also helps the organization focus and stay on track to make the right decisions about its future. Founded in 1938 as a chewing gum company, Topps released their first baseball card set in 1951. A mission statement does not explain what a company does or how it does it. This message is designed for internal and external audiences; it should ignite interest in the organization as it . Topshop mission and vision statements help define what the company is working towards and how it remains to be one of the most successful companies in the world. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern.

topps mission statement 2023