(6) Grade B. Topps MLB Living Set Card #599 - Michael Harris II. Stockholders, potential investors and other interested persons should read the proxy statement carefully when it becomes available before making any voting or investment decisions. A mission statement is a declaration of what your company does and why it exists. TOPP Industries, Inc. is committed to its customers and its product, and realizes that quality, price, and selection is its main responsibility. Whereas a mission statement describes the highest level of purpose, a vision statement starts to describe how that purpose will be achieved. Even though a mission statement is short and concise, it may take a lot of time and money to develop. 50 Excellent Nonprofit Mission Statements. * A powerful collection of mission statements selected from the most successful businesses and recognizable brands in North America. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. Remember to keep the mission statement short and to the point. 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. These hot rod boating enthusiasts were not to be denied. Narrow down your choices. For example, Microsoft did not craft its mission statement around delivering Windows '98. 04. TOPPS mission statement in part was to promote offshore racingand did it ever! Your organization should refer to your mission statement often as you: Mission statements aren't just for small or large companies. This is key. Topps' method of determining these non-GAAP measures may be different from other companies' methods and, therefore, may not be comparable to those used by other companies and Topps does not recommend the sole use of these non-GAAP measures to assess its financial performance. 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 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. 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. 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. 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. by Topps and Disney Collect! Tornante invests in, acquires, and operates media and entertainment companies. 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 SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Amounts in thousands, except share data), TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME(Amounts in thousands)(unaudited), TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in thousands) (unaudited), TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in thousands)(unaudited), TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESRECONCILIATION OF CONSOLIDATED ADJUSTED EBITDA TO NET INCOME(Amounts in thousands)(unaudited). Topp Company's mission statement is "We save people money so they can live better , bring inspiration and innovation to every athlete in the world.". Claim your company page or login to your dashboard to update your Mission Statement, Vision & Values. 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. The following examples are the mission statements of some of the trending companies as of 2022: A mission statement is often confused or grouped with other types of organizational statements. Topps Digital Services is a leading processor, distributor and program manager of prepaid gift cards and provider of cloud-based financial services and white label e-gift solutions for widely recognized digital businesses that include Airbnb, Deliveroo, DoorDash, Hulu, Instacart, Netflix, Nike, Twitch and Uber. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of MUDS stockholders in connection with the proposed business combination will be set forth in MUDS proxy statement when it is filed with the SEC. 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. 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. Topps was acquired in October of 2007 by Madison Dearborn Partners, a private equity group, and The Tornante Company, an investment company owned by Michael Eisner, former CEO of Disney. Please see the reconciliation of non-GAAP financial measures to the most closely comparable GAAP measures at the end of this press release. A brand is an suite of elements that encompasses a company's identity. Furthermore, the mission statement helps clarify a company's purpose. Raises Full Year 2021 OutlookNet Sales Increased 77.7% to $212.2 Million Net Income Increased 176.4% to $36.3 MillionAdjusted EBITDA* Increased 144.0% to $55.1 Million. 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 definitive proxy statement with the SEC on July 30, 2021 relating to the proposed business combination, which has since been supplemented. It should also be clear and inspiring. We are looking for people with the passion, talent and focus to begin creating the highest quality mobile apps around sports properties such as MLB, NFL & NHL, and entertainment brands such as Star Wars, Marvel and Disney. 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. The mission statement defines what an organization does and includes tangible goals which the organization strives to accomplish. A mission statement is a brief but clear group of words that explains the core values of a company or organization. Simply put, it is a short, action statement that tells a . Students' Personal Mission Statement Examples. Utter a great slogan such as "Just Do It" can invoke memories, commercials, logos, brand ambassadors, and emotions through a successful ad campaign. The reconciliation presented above reconciles the non-GAAP financial measure Adjusted EBITDA to the GAAP financial measure net income for the twenty-six weeks ended July 3, 2021 and the twenty-seven weeks ended July 4, 2020. The reconciliation presented above reconciles the non-GAAP financial measure Adjusted EBITDA to the GAAP financial measure net income for the thirteen weeks ended July 3, 2021 and the thirteen weeks ended July 4, 2020. 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. The difficulty of crafting such a concise statement is many parties often have ideas, and there's not room for many of them. Describe how the company operates. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. Please see the reconciliation of non-GAAP financial measures to the most closely comparable GAAP measures at the end of this press release. Corporate culture refers to the beliefs and behaviors that determine how a company's employees and management interact. On that beautiful summer day setting on the upper deck a discussion took place on the subject of starting a High Performance Boat Club. 2016 Topps Star Wars Rogue One: Mission Briefing trading cards at a glance: Packs per box: 24 Cards per pack: 8 Boxes per case: 12 Set size: 110 cards Release date: September 30, 2016 What to. Microsoft's mission statement is: "Our mission is to empower every person and every organization on the planet to achieve more.". Mission definition. NEW YORK, April 06, 2021 (GLOBE NEWSWIRE) -- The Topps Company, Inc. ("Topps" or "the Company"), a global leader in sports and entertainment collectibles and confections, and Mudrick Capital. A social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. To craft a mission statement, consider how your company impacts customers, donors, investors, or your community and why you strive to help these parties. What is Topp Company Mission Statement? 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. . Whether it's at a networking event, social gathering, or bus ride to work, a mission statement is an easy way to captivate a stranger's interest in your company should they ask what your company does. Join our dynamic & entrepreneurial team and be a driving force as we transform one of the most storied entertainment brands into the world leader of digital collectibles.. Why you will love it here:. Here are some other types of content and how they vary from a mission statement. Mission statements may sometimes be very lofty and far too unrealistic, which can distract employees from the company's goals. If your mission statement doesn't inspire you, you need to Business Combination On July 30, 2021, MUDS (NASDAQ: MUDS), a publicly-traded special purpose acquisition company, filed a definitive proxy statement on Schedule 14A with the U.S. Securities and Exchange Commission (SEC) in connection with the proposed business combination between MUDS and Topps. 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. In addition, be mindful to periodically review your mission statement. Although MUDS may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so whether as a result of new information, future events, changes in assumptions or otherwise except as required by applicable securities laws. For more than a decade, the number one choice for environmental and economical solutions is TOPP Industries. After you've approved it, you'll need to find a way to incorporate it wherever you can. To provide the best community association management software solution backed by amazing customer service. 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. Because it's so brief, it is easy to memorize. While the mission statement remains unchanged for the most part and represents who the company is or aspires to be for the entirety of its existence, the vision statement can change. Rather, it crafted its mission statement around the possibilities it presented through its product. 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. Connect with clients Customers hire companies with whom they find a connection. This compensation may impact how and where listings appear. 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. Heritage's director of sports auctions, said in a statement . 2023 Throwback Thursday Star Wars Edition Set #4 - 1952 Baseball. The latter outlines what the company needs to do to remain the way it has presented itself to be. 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. Company Description: For football and basketball fans, it's all in the cards. Here's our seven-step process to write a great vision statement: 1. Brand management is a marketing function that uses brand management techniques to increase the perceived value of a product line or brand over time. 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. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. These further adjustments for the periods presented in this press release include sponsor fees, transaction and refinancing costs, losses on sales of subsidiaries, foreign currency transaction costs and othernon-cash,non-recurringornon-corecosts. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is included in MUDS definitive proxy statement. A companys mission statement defines its culture, values, ethics, fundamental goals, and agenda. A company's value statement is also centered around a company's core principles and philosophy. A value proposition is a marketing statement that summarizes why a consumer should buy a product or use a service. Mission statement tells us about the company's objectives, goals, and how will they achieve it. It attempts to succinctly explain why a company exists and what its purpose is. A slogan is a very brief, often memorable phrase that people primarily outside of your company can remember. It is not uncommon for large companies to spend many years and millions of dollars to develop and refine their mission statements. 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. Topps Digital Services is a leading processor, distributor and program manager of prepaid gift cards and provider of cloud-based financial services and white label e-gift solutions for widely recognized digital businesses that include Airbnb, Deliveroo, DoorDash, Hulu, Instacart, Netflix, Nike, Twitch and Uber. A mission statement is used by a company to explain, in simple and concise terms, its purpose(s) for being. 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. 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. Independence for you to do your best work to grow the business. We believe we are well positioned to capitalize on the many growth opportunities that exist for our business., Michael Eisner, Chairman of The Topps Company, commented, I am pleased with our fantastic start to 2021. Topps believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Topps financial condition and results of operations. Our Vision is to provide more than just an accounting or management application. 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. The 3 Pillars of Corporate Sustainability, Ethical Standards You Should Expect From a Financial Advisor, 7 Popular Marketing Techniques for Small Businesses, 10 Phrases You Should Ban From Your Resume, Advantages and Disadvantages of Mission Statements, Core Competencies in Business: Finding a Competitive Advantage, Value Proposition: How to Write It With Examples, Corporate Culture Definition, Characteristics, and Importance, What Is Brand Management? Topps Living Set Fine Art Print #599 - Michael Harris II. With a mission statement, a company's customers and investors can rest assured that the company is fully committed to achieving its goals and maintaining its values. by Topps. While a mission statement often does not mention a specific aspect of the business, company goals are often measurable relating to departments or products so a company can track progress. 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. TOPPS mission statement in part was to promote offshore racingand did it ever! 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. Time Management Systems Mission Statements. They can also represent your company's culture and philosophy through humor, emotion or shock value. 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. Last, by publicly announcing to the world the company's mission, some people on the outside (or even the inside) may disagree with the mission. 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. $14.99. Join our dynamic & entrepreneurial team and be a driving force as we transform one of the most storied entertainment brands into the world leader of digital collectibles. 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. A mission statement doesn't give much opportunity for a rebuttal to clarify or further explain what a company is all about. Requirements, How It Works, and Example, Social Entrepreneur: Definition and Examples, Not for Profit: Definitions and What It Means for Taxes. 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. It should not be an impossible statement. For additional information visit topps.com, play.toppsapps.com, toppsdigitalservices.com, Candymania.com, investors.thetoppscompany.com.
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