somm: into the bottle transcript

Thank you very much. But obviously, we need to wait for the consumer reaction in this next three, four months. The Moores call it a miracle to once again capture cherished memories of days gone by. In this way it is far more invested in everything wine than the first film, which was often more a foil for exploring ideas of passion, obsession, and what people do to excel - whatever the field. THATS US. So that was the other change we made. Yes. "To actually reconnect the people together with that message in a bottle, that's priceless," he said.The Moores call it a miracle to once again capture cherished memories of days gone by. Hearst Television participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites. For the full year 2022, dollar-reported sales declined 18% to $1.3 billion. Poll: Will you see SOMM: Into the Bottle? Looking forward to seeing you in three months. And as we do that, it would take some time to match our tax structure to our countries where we are rapidly growing. No surprise, I guess. HEY, THE MORE SAY THAT THEY WILL PLACE THE GLASS BOTTLE RIGHT ON THE MANTLE OF THE FAMILY FIREPLACE, AND THATLL BE A GREAT TALKING POINT IN OUR. In total, Korea grew 16% last year in constant currency as core sales increase in middle single digits and B2B expansion, particularly in TV shopping, added over 10 percentage points to growth. But can you just speak to your confidence in remaining in compliance with that and perhaps touch on some of the assumptions you have for the business that kind of underpins that confidence? So every time the POs come in, we're being -- obviously, it's a big priority. Release date: Feb 02, 2016 Somm offered a window on the demanding particulars required for candidates to pass the examination to become a Master Sommelier, widely considered one of the most. Thank you. So we are still -- have plans to normalize the tax rate in the coming years. Good morning, everyone. So actually, it was last week in China. So I think it might have been in that sort of a little bit of a logistic issue within Target. However, given this relative inexpensive price point, we found that we were attracting more discount buyers with lower retention to the brand. 905 PARKWAY BOULEVARD. While we're entering the year with a smaller sales force, we have created a space for new members to make money from Day 1. Therefore, we will expect meaningfully higher interest expenses in 2023 than what we reported in 2022. She did note that the film was "an entree into a little-known world. It's going better than their expectations and our expectations. We will have a laser focus on reducing our inventory levels and rightsizing our fixed cost base, and optimizing our manufacturing and supply chain footprint. Thank you, Doug. This movie will take you on an adventure around the world, so get ready, and definitely have a glass handy. Thank you, Miguel. 2022, as it turned out, was a real test of our results to turn around this iconic company, and expanding to new channels, and make the company as big as a brand. If you could just help us think about the tax rate here going forward. YES, WE WOULD LIKE TO SEE THE BOTTLE ONCE EARLIER. Interest expense decreased by $3.5 million in 2022 to $31.7 million. All told, they seem to have aged well. In addition to friends and family members, several notable sommeliers are interviewed, including Fred Dame, Peter Neptune, Michael Jordan and Geoff Kruth. So I'm gonna start with the -- Good morning, Chasen. Our entry into small appliances was highlighted with air fryer. So we have a very supportive bank group with our -- across our negotiation process. AND WERE TALKING ABOUT THEM HERE ON NEWS 8. I just had technical difficulties. So first, wanted to see if you guys can talk about China. There is, nevertheless, much to be gained from watching Somm: Into the Bottle, vastly more than watching the first film. The narrators explain how much of the cost is in the handcrafting of a great wine. But perhaps you can dimensionalize how less of these have shaped up compared to your expectations. Available from various digital retailers including Amazon Video, iTunes, Google Play, Apple, Vudu and others. In fact, we're running slightly ahead of scale. When we exclude those write-downs, the write-down was over 70% of our pre-tax income. Understood. We get to hear from some of the worlds top sommeliers about their favorite wine and food pairings. We plan to file our 10-K before the deadline of March 16. In addition, the segment was negatively impacted by timing of our B2B business transactions, mainly in Germany. And I told him, and I said, 'This has to be us,'" she said. Ian Cauble (from the 1st Somm film) opens his bottle of 1985 Elio Altare Barolo and tells us the story. Through the eyes of the worlds greatest somms and winemakers, 'Somm: Into the Bottle' raises the curtain on the seldom-seen world that surrounds the wine we drink by allowing viewers intimate access to the most accomplished sommeliers in the world, as well as to some of the most prestigious winemakers working today. 'SOMM: Into the Bottle' brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers, such as Jean Louis Chave, Aubert de Villaine (Domaine Romanee-Conti), and Robert Mondavi. Advertisement. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Thank you for taking the questions. Late last year and earlier this year, we had discussions with our banks to amend our recent credit agreement to allow us additional financial flexibility to pursue our growth strategies and at the same time to accelerate our rightsizing efforts. They are numerous and not parallel, which is irksome: In each chapter, Wise follows a formula. Its through these storiestold by charismatic wine communicatorsthat you begin to paint the picture of what wine really is. With the elimination of the virtual kits, we expect the pendulum to gradually swing back to business builders. Do you like movies about food? By opening some of the worlds most rare bottles of wine, the viewer will understand how a wine ages, what happens in a cellar and exactly what oak in wine means. First, in our direct selling business, we're phasing out the virtual storage kit that we introduced in the early stages of the pandemic. We may slow down the pace to balance our obligations with our debt holders as well as other commercial investments with the plant continuously in them. From those questions to how many hands touch a bottle, to why wine costs what it costs, to how certain wines end up on a wine list, this is a never before seen look into the world of wine. Rowald Hepp gingerly touches a pamphlet from 1492 in the library at Schloss Vollrads in Rheingau, Schloss Vollrads (in Rheingau, Germany) has been making wine since 1200 and has produced 800 vintages. Appreciate the color. It covers ten different chapters using ten different wines that are opened throughout the film. And how do you think about managing the trade-off between the two? //]]> SOMM: Into the Bottle raises the curtain into the seldom seen world that surrounds the wine we drink. See production, box office & company info. We expect the tax rate to remain elevated for the near future. By submitting your email, you agree to our, Review: Somm: Into the Bottle Squanders the Wonderful Story ofWine, And the last chapter the Memory has an amazing story of Leon Panetta, dark lord muppet of the CIA, drinking a bottle of 1870 Chateau Lafite with legendary somm Fred Dame after killing Bin Laden from little CIA shot glasses. Please note that some references are being made on a constant currency basis, which reflects the application of current period foreign exchange rate to any prior period results, enabling comparisons, excluding the impact of foreign currency exchange rate fluctuations. In Mexico, we will introduce new products in our core food storage categories, such as packable freezer mate and cold savers, as well as one-touch fresh food storage containers with easy-to-close and open lids, which is one of our newest global products. Sales in the U.S. were down 19% in 2022, and Mexico was down 7%. With the trend in Argentina and the momentum in Brazil, coming out of the fourth quarter, we are optimistic about this region in 2023. To make the world smarter, happier, and richer. Thanks, Mariela. Whereas SOMM was focused tightly on the micro, profiling a ragtag friend-group of aspiring master sommeliers, SOMM: Into the Bottle zooms out on the subject to provide an engrossing overview of the macro a history of wine production and the world of wine itself. It feels like the saddest moment of the film when he tries to explain that wine is meant to be enjoyed, not bought and sold like a commodity. In 2022, Korea surpassed Indonesia, our third-largest market in the Asia Pacific region, behind China and Malaysia. A sequel to the 2012 original documentary "Somm," this film focuses on the history of winemaking through 10 different chapters featuring 10 different bottles of wine. Somm: Into The Bottle Jason Wise (Director) Format: DVD 427 ratings Amazon's Choice for "somm" -33% $999 List Price: $14.99 Get Fast, Free Shipping with Amazon Prime & FREE Returns Prime Video $3.99 $14.99 DVD $9.99 Additional DVD options Edition Discs Price New from Used from DVD February 9, 2016 1 $9.99 $9.99 $3.49 Watch Instantly with Rent Rent 4,99 Buy 11,99 Trailers Trailer Cast & Crew Cast Ian Cauble Frassetta and his wife, Marci, were happy to be a part of it all. StarringSilvia Altare Ian Cauble Fred Dame Aubert De Villaine Geoff Kruth Directed byJason Wise Meanwhile, we are investing in new products, new categories, and most importantly, new ways to reach consumers as our successful entry to Target stores in the U.S. and our creation of a healthy omnichannel ecosystem in Korea have shown us. Thus, America sales increased 10% in local currency, driven primarily by Argentina, from a larger total and active sales force, including from higher retention, higher productivity, as well as higher prices due to inflation. With that, we will open the line for questions. Well, Somm: Into The Bottle is a completely different animal. This, along with an improved service, should growth toward the second half of the year. Whetstones New Agency Wants to Represent It. IT WAS BERNARD MOORE. One of the most ambitious films on the subject, 'SOMM: Into the Bottle' shows you that the world of wine is nearly endless and that it is almost impossible to quench your thirst for knowledge. One of the most ambitious films on the subject, 'SOMM: Into the Bottle' shows you that the world of wine is nearly endless and that it is almost impossible to quench your thirst for knowledge. And just given how much cost inflation there's been this year, is there any way to dimensionalize how much of that inventory is kind of up on a volume basis? For the full year 2022, dollar-reported sales declined 18% to $1.3 billion. JUST SOMETHING A FAMILY DID ON A LARK ON A FAMILY VACATION. So we think retention and productivity will improve. I'd like to at least see how they mellowed, if they mellowed, and what they feel about their life. In this way it is far more invested in everything wine than the first film, which was often more a foil for exploring ideas of passion, obsession, and what people do to excel whatever the field. This is one of the many memorable pieces of cinematography in SOMM: Into the Bottle, a new documentary by director Jason Wise.. His first documentary, SOMM, followed four candidates for the prestigious Master Sommelier test as they rode the emotional roller . WHEN THEIR ANNE SHANNON WGAL NEWS 8. The film is organized into 10 chapters, each with a focused story that shows a different side (and style) of wine. "[10] The NY Post praised the film for doing "..a fairly impressive job of making wine tasting somewhat cinematic despite its being essentially unfilmable. It was Bernard Moore," Christa Moore Wire said.They took a closer look. The viewer gets nothing. And sorry, just one last one, and I apologize for being a hog. Here are the chapters into which the film is divided. And with that, let me turn the call over to you, Miguel. For example, if it hadnt been for Prohibition (19201933) we might actually have much more Italian wine in America than French wine! OK. And then just in terms of the tax rate also, if you could just -- obviously, this was an unusually high tax expense that you had in the fourth quarter. That's us,'" Leonard Moore said. Fourth, rightsizing. The film tells the story and history of wine through ten different bottles opened throughout the film in different chapters. The films main characters, Ian Cauble, Dustin Wilson, DLynn Proctor, and Brian McClintic are introduced along with their various family members, wives, and girlfriends who all vouch for just how invested they really are in preparing for their Master Sommelier diploma. I do apologize. And those investments continue from time to time. Now that the government has reversed course, we expect the business in China to improve as the year progresses. Additional disclosures regarding these non-GAAP measures, including explanations and reconciliations of these measures to the most comparable GAAP measures, can be found in today's press release. Do you like food? THATS MY HANDWRITING. WOULD YOU LIKE TO SEE IT? The Motley Fool has a disclosure policy. THATS PRICELESS. [2] Directed by Jason Wise, a sequel, Somm: Into the Bottle, was released in 2015 and a third film, Somm 3, came out in October 2018. [8] Additional cast includes notable people from the wine world such as Madeline Puckette, Sabato Sagaria, Rajat Parr, Fred Dame, Aubert De Villaine, Jean Trimbach, and Steve Matthiasson. We should also benefit from the recent returned in-person events since that's where recognition and training is most effective. Why do Sommeliers love Riesling so much? Invest better with The Motley Fool. Actual results may differ materially from such statements. 'SOMM: Into the Bottle' brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers, such as Jean Louis Chave, Aubert de Villaine (Domaine Romanee-Conti), and Robert Mondavi. While he leads on, Brian McClintic (from Somm 1) explains how even top experts on Burgundy (Bourgogne) will never in their life enter the cellar at DRC. That's a very simple way to look at it. Master Sommeliers Brian McClintic, Dustin Wilson and Ian Cauble return to Somm: Into the Bottle from the original to narrate the film, with McClintic handling a lot of the duties. While it is early days, we have already seen some favorable movement in those selling markets where we eliminated the virtual kits. And I told him, and I said, 'This has to be us,'" she said. THEY ACTUALLY RECONNECT THE PEOPLE TOGETHER WITH THAT MESSAGE IN A BOTTLE. Into the Bottle is more heavily informative, but thankfully never feels like a quagmire of exposition."[12]. To learn more about how and for what purposes Amazon uses personal information (such as Prime Video Watch History), see our Privacy Notice. Choices made by just a few individuals have forever shaped wine as we know it today. 2023, Hearst Television Inc. on behalf of WGAL-TV. Geoff Kruth drinks 1980s Muscadet with oysters on the beach. Or like how is that going? It's about everything," focuses on the story of wine around the world and how it is made. The film's director Jason Wise last directed Somm. The film takes a look at how history has impacted wine, from the Romans, to Prohibition, to the World Wars and even current events such as the Napa Earthquake. While this should be somewhat offset by expansion elsewhere, those B2B channels are still relatively small as a percent of our overall business. Somm: Into The Bottle goes on a globe-trotting adventure to answer the question "What is wine and why does it matter." The film is organized in 10 mini-stories that each explore a different fundamental facet of wine from the cellar to the table. Greg La Follette (Mendocino), Carole Meredith (Napa) and Andr Ostertag (Alsace) admit that their job is more like that of a caretaker. Jean Trimbach shares his familys greatest wine, a bottle of 1962 Clos Sainte Hune with his son. That confidence in our early outlook of the year led us to authorize a $75 million stock buyback in February. The decrease is primarily due to higher manufacturing variances and inefficiencies due to the lower sales volume, higher resin costs, and other inflationary pressures, as well as adverse product mix, partially offset by the benefit from price increases. e track upcoming movies through all stages of film production. Thank you very much. Finally, Brian McClintic shares one of his favorite wines, a natural wine from Fleurie in Beaujolais by Jean-Louis Dutraive . Please enter a valid email and try again. OK. And then can you just maybe give a little more color on the North American decline? The original Somm Four still make appearances. At Tupperware, we're looking to reduce single-use plastic anywhere we can. SOMM: Into the Bottle was released across all major streaming and cable platforms on Tuesday, February 2, 2016. Somm: Into the Bottle Free with ads PG YouTube Movies & TV 162M subscribers Subscribe The history, politics, pleasure, and BS of wine told through opening ten very different bottles. But right now, Target has such low penetration that is -- we haven't seen any change in the behavior of our sales force. We have a plan to continue to produce EBITDA in this company and better EBITDA than the past year of 2022, plus cash generation from our working capital management, as well as our engineering plans that will produce near benefits in the years to come as we continue to rightsize this company and place Tupperware products in all the channels where consumers look for them. These events, coupled with ongoing inflationary pressures, strengthening dollar, and rising interest rates, had a major impact on consumers globally and also in our financial performance throughout 2022. Your next question comes from the line of Chasen Bender with Citigroup. [15], Somm 3 was released in the fall of 2018 by distributor Samuel Goldwyn Films. "They were bouncing up and down on the chairs. 2022 proved to be a much more challenging year than we could ever expected. official plot version from samuelgoldwynfilms.com. We are gonna continue to build this company to where it belongs and make the business as big as our brand. Perhaps its because of the struggle. Thanks, Miguel. And are there -- do you have a thought on what capital spending might be in 2023? I assiduously noted the many winemakers interviewed because to a man or woman, each seemed charming and dedicated and intriguing. [6], The film received mostly positive reviews. Making the world smarter, happier, and richer. Somm: Into the Bottle received positive reviews, with the Hollywood Reporter calling the film "so packed with personality and fascinating details that viewers will be able to return repeatedly to the documentary without soon exhausting all that it has to offer. So it's a matter of time to get there. And clearly, with the amendment, you've got a little bit more breathing room over the coming years. When consumers have access to Tupperware products, they choose them. We will protect gross margins with additional price increases as necessary. EVERYTHING THAT WAS SAID JUST STARTED TO ADD UP. Thank you, Anthony. Every year, over 500 billion single-use plastic bags are used worldwide, which is over 1 million bags every unit. Earlier this morning, we issued a press release announcing our preliminary financial results for the fourth quarter of 2022, which can be found on our investor relations website. ), One grown-ass womans descent into the soul of the American teen on their home turf: the mall food court, The Next Era of American Fine Dining Is Here, Care of West Africa, Chefs are spotlighting their culinary heritage on tasting menus, at buzzy pop-ups, and at new restaurants across the country, Debbi Fields, the founder of Mrs. Fields, has been called both a "feminist American dream" and a "good-looking front" for a multimillion-dollar brand. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Due to its success, we expanded its launch to Philippines, India, Japan, EMEA, showing similar success. [16], The fourth installment in the Somm series "Somm 4: Cup of Salvation" is scheduled for release in December 2022. And if I can complement with the numbers, we ended the quarter with $250 million of inventory, which was down for about $230 million a year ago, and the trend continues to repeat. In these locations, consumer into our location is run by a member of our sales force to purchase our products. And then is it gonna get better? SOMM: Into the Bottle brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers. Got it. Madeline Puckette tells us the wine rating system was originally created to help consumers find great wines. Movie Insider is a registered service mark of The Movie Insider LLC. Please review the forward-looking statement disclosure on Page 5 of today's press release. BLAIN, Pa. . I think it's for us is a learning and it's balancing. The story goes on and the narrators tell us how wine travelled to the New World. The results exceeded our expectations as we exited the quarter with a 10% category market share. Can you just kind of comment on kind of what you're seeing on that side of things? As was the case for the first movie, the film is visually breathtaking. Have you seen any incremental improvement? However, we will issue our earnings release tonight before -- after the market close. OK. The history, the vintage, and the magic of these bottles are discussed by the best in the business. They are now 6.25 for the first, second, and third quarters of 2023, a stepping down to 5.75 in the fourth quarter and first quarter and second quarters of 2024, then stepping down to 4.50 for the third quarter and beyond of 2024. Viewers are taken beyond the exam and down the wine (bottle) rabbit hole. Gross margins were up year on year in the fourth quarter for the first time in six quarters as the benefits from our pricing actions throughout the year began to be realized. Or kind of what's the situation there? And again, this is one of our top priorities, to lower the inventory so we can untrap that cash. Excited to spend into new channels of distribution, I'm cautiously optimistic that the surge of inflation in 2021 was behind us. So is that still in place, the comp plan change? //

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