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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. 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. In addition, it's a perfect introduction for someone who has never heard of your company or wants to know more. 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. 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. From the outside looking in, a mission statement demonstrates that a company has considered the big picture and the major goals it wants to accomplish. by Topps. The statement reveals what the company does, how it does it, and why it does it. Upon closing of the transaction, the combined company will be named Topps Companies, Inc. and will be listed on NASDAQ under the new ticker symbol TOPP.. 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. The Texas Offshore Performance Squadron (TOPPS) was formed in 1985 in Clear Lake, Texas by a small group of high performance boating enthusiasts, many of whom had graduated from hot rod lake and drag boatsnot to mention hot cars! 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. 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. Rather, it crafted its mission statement around the possibilities it presented through its product. 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. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. In general, a company's goals are often even more specific, potentially referring to specific business lines, growth percentages, geographical regions, or new initiatives. 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. 29. All of your company's strategic steps should align with its mission. Maybe you value quality, customer service, or being sustainable. . Utter a great slogan such as "Just Do It" can invoke memories, commercials, logos, brand ambassadors, and emotions through a successful ad campaign. Many successful individuals, professionals, and investors have taken the time to craft a personal mission statement. Net income for the first quarter of 2021 was $23.4 million compared to $0.4 million in the first quarter of 2020. 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. 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. A mission statement is also a perfect "elevator pitch" sentence that key members of your company should know. For additional information visit topps.com, play.toppsapps.com, toppsdigitalservices.com, Candymania.com, investors.thetoppscompany.com. 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. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. With Poker Runs now dominating the high performance offshore boating scene, TOPPS can be proud of consecutive poker runs each year. 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. $14.99. 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 improvement mainly reflects 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 for both Sports & Entertainment and Confections. It should also be clear and inspiring. A company's goals or business plan may be publicly disclosed or kept private/internal. These entities can use this statement to align their goals with that of the company. 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. Suzanne is a content marketer, writer, and fact-checker. 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.". Fun office atmosphere. Topps Digital Sports & Entertainment has connected with people around the world who have downloaded our apps including Topps BUNT, TOPPS KICK, Star Wars: Card Trader by Topps, Topps WWE SLAM, Topps NHL SKATE, Marvel Collect! Such forward-looking statements may include estimated financial information, including with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of MUDS, Topps or the combined company after completion of the proposed business combination, and are based on current expectations that are subject to known and unknown risks and uncertainties, which could cause actual results or outcomes to differ materially from expectations expressed or implied by such forward-looking statements. 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. 30. $19.99. 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. Next, describe the way in which your company does what it does. *Too short for readability grading, but clearly easy to understand. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. You can learn more about the standards we follow in producing accurate, unbiased content in our. 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 SG&A in the second quarter of 2021 was $39.1 million, or 18.4% of net sales, compared to $26.4 million, or 22.1% of net sales in the second quarter of 2020. A value proposition is a marketing statement that summarizes why a consumer should buy a product or use a service. Fiberglass Basins, Covers and Accessories. TOPP Industries, Inc. is committed to its customers and its product, and realizes that quality, price, and selection is its main responsibility. Company Description: For football and basketball fans, it's all in the cards. 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. 2023 Throwback Thursday Set #8 - 1960 Topps Sophomores. 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. When done right, your company's mission statement acts as a powerful driver that informs every aspect of your organization, from daily operations, to customer loyalty, to employee satisfaction. It is usually one sentence or a short paragraph, explaining a company's culture, values, and ethics. Tornante invests in, acquires, and operates media and entertainment companies. Simply put, it is a short, action statement that tells a . 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. 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. The company is led by Chief Executive Officer and Chairman of the Board of Directors, Jason Mudrick, Chief Financial Officer, Glenn Springer, Vice President, Victor Danh and Vice President, David Kirsch. These interdependent, cascading roles . 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. This compensation may impact how and where listings appear. 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. Internships and graduate programs To put my studies first, above everything else. Tailored Brands mission statement Tailored Brands provides a personal, convenient, one-of-a-kind shopping experience with compelling products and world-class service. Other members who also raced include Jack Carmody, Craig Edwards, Grant Greytok and Loyd Thornton just to name a few. Last, a mission statement adds validity to an organization. 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. The vision statement, meanwhile, should clarify the aspirations of the organization and define the direction it's heading in. The company owns Topps and Portsmouth Football Club, of the English Football League, and has created critically acclaimed series such as Undone for Amazon Studios, BoJack Horseman and Tuca and Bertie for Netflix, and NOS4A2, an AMC Original Series. Brand management is a marketing function that uses brand management techniques to increase the perceived value of a product line or brand over time. 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. 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. Furthermore, it defines how each of these applies to the company's stakeholdersits employees, distributors, suppliers, shareholders, and the community at large. Furthermore, the mission statement helps clarify a company's purpose. For more than a decade, the number one choice for environmental and economical solutions is TOPP Industries. Investors are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. A good mission statement helps everyone in the company make the right decisions. A 1952 Topps Mikey Mantle card with a 9.5 grade more than doubled the all-time record for a sports card, selling for $12.6 million. Mission Statement: A mission statement is a short sentence or paragraph used by a company to explain, in simple and concise terms, its purpose(s) for being. The company owns Topps and Portsmouth Football Club, of the English Football League, and has created critically acclaimed series such as Undone for Amazon Studios, BoJack Horseman and Tuca and Bertie for Netflix, and NOS4A2, an AMC Original Series. 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, (Decrease)/increase in cash and cash equivalents, Cash and cash equivalents - beginning of period, Cash and cash equivalents - end of period, Income taxes paid, net of refunds received, Non-cash and non-core (gains)/ losses, net, Net sales increased by $59.3 million, or 55.3%, to $166.6 million, Gross margin improved 200 basis points to 39.4%, Net income grew $23.0 million to $23.4 million, Adjusted EBITDA* grew $23.0 million to $35.9 million, Adjusted EBITDA margin* increased 950 basis points to 21.5%, Sports & Entertainment segment net sales increased 105.3% to $103.2 million, Physical Sports & Entertainment net sales increased 101.7%, Digital Sports & Entertainment net sales increased 111.1%, Sports & Entertainment segment Adjusted EBITDA increased 373.2% to $32.0 million generating an Adjusted EBITDA margin of 31.0% compared to 13.4%, Confections segment net sales increased 11.3% to $63.5 million, Confections segment Adjusted EBITDA was $10.7 million generating an Adjusted EBITDA margin of 16.9% compared to 19.9%. A personal mission statement can help you identify your values and goals, defining what matters most to you professionally. 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. We also reference original research from other reputable publishers where appropriate. Copyright 2023 TOPP Industries Inc, All rights reserved. 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. Even though a mission statement is short and concise, it may take a lot of time and money to develop. June 22, 2021 07:00 ET 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. Non-cash and non-core losses/(gains), net. Finally, include why you do what you do in your mission statement. Stockholders, potential investors and other interested persons should read the proxy statement carefully when it becomes available before making any voting or investment decisions. 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. 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. 4. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. About the Cards 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. Work with a passionate, confident and humble team. A mission statement representing an idea aligning with an in-demand and prospective employee helps secure this individual's interest and services. This could also include soliciting ideas or memories from employees. $19.99. A companys mission statement differs from its vision statement. A mission statement doesn't give much opportunity for a rebuttal to clarify or further explain what a company is all about. One method of brainstorming ideas of a mission statement is to think about personal experiences from the company. 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. Alternatively, a slogan is a very pointed marketing phrase used to be memorable even if it is less informative. Roles Played by Mission and Vision. Please see the reconciliation of non-GAAP financial measures to the most closely comparable GAAP measures at the end of this press release. In addition, be mindful to periodically review your mission statement. 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 arenon-cash,unrelated to Topps core revenue-generating operations or that affect the comparability of Topps results from period to period. 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. At the end of this step, you should emerge with a curated list of your favorite words and phrases that are fitting and truly reflect your brand. *Non-GAAP measure; complete definitions of Topps non-GAAP measures are provided herein under Non-GAAP Financial Measures.. Not for profit refers to a type of organization or enterprise that does not earn profits for its owners. This message is designed for internal and external audiences; it should ignite interest in the organization as it . (6) Grade B. It will help keep my grades in check, helping me advance and achieve my career goals. Read on for a breakdown of the company's mission and vision statements and its core values. Microsoft's mission statement is: "Our mission is to empower every person and every organization on the planet to achieve more.". 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. The Topps Company, Inc, Net Sales Increased 55.3%Net Income Growth of $23.0 Million to $23.4 MillionAdjusted EBITDA* Growth of $23.0 Million to $35.9 MillionRaises Full Year 2021 Outlook. 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. 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. Though a small component, a mission statement helps customers, employees, and investors form an opinion of a company. 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. A vision statement defines at what position the company wishes to be in future. Mission statements may sometimes be very lofty and far too unrealistic, which can distract employees from the company's goals. It demonstrates thoughtful leadership, reputability, and inspiration to potential investors, employees, or donors. A companys mission is its identity, and its vision is its journey to accomplishing its mission. by Topps. Topps Digital Sports & Entertainment has connected with people around the world who have downloaded our apps including Topps BUNT, TOPPS KICK, Star Wars: Card Trader by Topps, Topps WWE SLAM, Topps NHL SKATE, Marvel Collect! We are excited to see our businesses perform well and look forward to building on our recent accomplishments to drive continued growth over the long-term.. A mission statement is used by a company to explain, in simple and concise terms, its purpose(s) for being. 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. In short, a mission statement can serve as a roadmap of strategic planning to work toward the company's vision statement. Management may become too distracted with high-level targets that shorter-term, necessary steps to get there become neglected. A reconciliation between the GAAP and non-GAAP measures is provided at the end of this press release. 8th-grade reading level. These personal mission statements often incorporate the financial, professional, spiritual, and relational aspects of life. A mission statement is not required, though it may be a grant application for a nonprofit or asked for by an interested investor of a company. 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. 04. The latter outlines what the company needs to do to remain the way it has presented itself to be. 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. Requirements, How It Works, and Example, Social Entrepreneur: Definition and Examples, Not for Profit: Definitions and What It Means for Taxes. The mission statement defines what an organization does and includes tangible goals which the organization strives to accomplish. To craft a mission statement, consider how your company impacts customers, donors, investors, or your community and why you strive to help these parties. 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. In order to keep up with today's high competitive market, the quality of our product must surpass the industry standards. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries. We delivered exceptional performance in our Sports & Entertainment segment, as well as a meaningful recovery in our Confections segment compared to last years COVID-related impact on this business. Additionally, later this year, Topps will kick off a scaled, non-exclusive program to design, manufacture and distribute trading cards showcasing current college football and basketball student .