somm: into the bottle transcript

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. [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. The viewer gets nothing. 2022 also had an extra week, which provided for about 1% of growth. "Oh, yeah, that's my handwriting," Donna Moore said. When consumers have access to Tupperware products, they choose them. 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. 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. In 2022, Korea surpassed Indonesia, our third-largest market in the Asia Pacific region, behind China and Malaysia. Jean-Louis Chave on Hermitage opening a bottle made by his grandfather in 1969. Korea is among the most advanced markets in the process of building an omnichannel ecosystem. These were partially offset by strong performance in Korea, as Miguel highlighted earlier. He does point out, somewhere in the beginning, that wine does grow in the most beautiful regions of the world, so in some ways, he's got it made. We will continue to hold our conference call on Wednesday morning at 8:30 a.m. 10 stocks we like better thanTupperware BrandsWhen our award-winning analyst team hasa stock tip, it can pay to listen. We eliminated that virtual kit. We put some capex plan that is similar to what we executed in 2022. An echo resonates in a dingy cellar after a bottle of 1969 Dom Ruinart champagneone of only 19 bottles in the worldis popped. While still small, B2B sales grew strongly in the double digits in China last year despite difficult conditions out there, and we look for another strong year in 2023. Third, the new product introductions. Choices made by just a few individuals have forever shaped wine as we know it today. Excited to spend into new channels of distribution, I'm cautiously optimistic that the surge of inflation in 2021 was behind us. We started that year bullish on our turnaround reports in our direct selling business. Yes. Crazy," Wire said.Frassetta and his wife, Marci, were happy to be a part of it all. What goes on in the cellar? Just wanted to confirm if that's still the case. When everyone finally arrives in Dallas for the test, Dustin Wilson decides to room with another candidate named Sabato Sagaria, leaving Brian McClintic to room with Ian. China had a very difficult 2022. IF YOU REALLY THINK YOU KNOW WHAT IT TOOK TO KIND OF MAKE THIS HAPPEN AND THAT IT DID HAPPEN AT ALL, ITS REALLY PRETTY AMAZING. Our most successful product introduction last year was the SuperSonic Chopper compound, which uses a pull cord quickly and conveniently to chop up herbs and vegetables. SOMM: Into the Bottle brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. A sommelier is a position in a restaurant. Jean, whose family has been making Trimbach wines for 13 generations, opens a very rare bottle of 1962 Clos Sainte Hune and shares it with his son. [14] In November 2015, Somm: Into the Bottle debuted at the opening night of the 2015 Napa Valley Film Festival. Donna kept saying, 'That's us. official plot version from samuelgoldwynfilms.com. Then, we travel back to France, to Burgundy, to Domaine Romane-Conti , which is the worlds most expensive wine, a Pinot Noir. The documentary goes into everything that was sorely missed in the first film: what is wine? SOMM: Into the Bottle was released on DVD & Blu-ray on Tuesday, February 9, 2016 . The follow up to writer/director Jason Wises 2013 cult-hit SOMM. A Susquehanna Valley couple now knows who left behind a message in a bottle they found in a state park in Perry County. We launched air fryer late 2021 in China. In the second half of the year, we took further rightsizing efforts, implementing further improvements in our direct selling compensation plans, and took additional pricing actions, all while staying focused on executing our channel expansion plans. We are encouraged that Europe is showing signs of stabilizing since the end of 2022, beating our internal forecast and started 2023 in a similar fashion. It was Bernard Moore," Christa Moore Wire said.They took a closer look. Mr. Lane, you may begin. So that has basically been proving very, very successful for us because they get a gift, and they can resell the gift, and they actually earn even more money than what they were expecting. Common study techniques include tracing Internet maps for color-coding wine regions, making an absurd amount of flashcards, even Skyping with each other at 2:30AM for mock quizzes. And then just switching gears. SOMM: Into the Bottle brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers. Viewers get to watch as some of the most storied bottles of wine are opened; in some cases less than a dozen are left in the world. News 8 was there for the reunion.It was a long and unexpected journey that brought the Moore family back to Fowlers Hollow State Park on Tuesday.Months earlier, Joe Frassetta spotted a glass bottle there with a decades-old message inside. At Tupperware, we're looking to reduce single-use plastic anywhere we can. Thanks for that. Got it. Thank you, Anthony. And again, this is one of our top priorities, to lower the inventory so we can untrap that cash. Viewers get to watch as some of the most storied bottles of wine are opened; in some cases less than a dozen are left in the world. YOURE OUT HERE READING INTO? Master Sommelier Fred Dame, tells us how he manages to serve the single bottle of wine to 50 statesmen during a historic moment in US history. Through the eyes of the worlds greatest Somms and Winemakers, we discover that far more than just grapes go into the bottle. Additional foreign currency was at $0.81 per share hit to EPS for the year. [4] The chapters include The Winemaker, The Vintage, The History, The Wars, The New World, The Cost, The Barrels, The Point Scores, The Sommelier, and The Memory. So basically, 2022 was a really tough year from the pricing point in the U.S. As you know, we had inflations everywhere in the world, really high. 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. 50 YEARS AGO, I WAS 13. Additionally, we believe that a greater number of in-person events, coupled with the promotional activity that increases the income to the lower-level sales force members, should help drive top-line growth this year. 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. 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 . This year, we're moving into new product categories. Ian Cauble stays up the entire night studying flash cards as his stress level builds. When you buy through links on our site, we may earn an commission. Good morning, and welcome to Tupperware Brands fourth-quarter 2022 earnings conference call. 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. In total, we added 50 retail chain customers around the world. 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. For 2023, we are expecting some of our resin costs to go down as well as our supply chain logistics cost, in line with what you're seeing in other industries. So have you done so well at Target that you're having trouble actually keeping the supply replenished? OK. Gotcha. '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. Our excitement in general was dampened by a February conflict in Europe and the COVID lockdown in China in March. YES, WE WOULD LIKE TO SEE THE BOTTLE ONCE EARLIER. 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. BLAIN, Pa. . And there they were drinking a bottle of wine that was over 145 years old! The film was distributed by Samuel Goldwyn Films. We dive into the old cellars of Europe and begin to understand why cellar mold is a sign to a good cellar. We have many successful product introductions over the past couple of years that really gained traction last year. Yes. They recognized the family's address and their own handwriting. Watch on Netflix or buy on itunes for $9.99. Yes. They oversee service to the guests. What-- What is a sommelier? '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. That's a very simple way to look at it. THEY WERE BOUNCING UP AND DOWN THE CHAIRS WHEN THEY DONT HAVE TO SEE. Understood. With the trend in Argentina and the momentum in Brazil, coming out of the fourth quarter, we are optimistic about this region in 2023. Instead, Wise breaks down wine into 10 chapters, which he laboriously trots through. Unfortunately, just as Wise's interrogation of the sommeliers in the first film rang dead, so too do these. ), Throughout the chapters, some tics become apparent. Interest expense decreased by $3.5 million in 2022 to $31.7 million. Our initiatives for 2023 in China include accelerating the digitalization trend to improve retention and productivity; new product launches such as casserole and cookware, on-the-move drinking bottles, and small appliances; B2B channel expansion, including e-commerce; and optimizing our cost structure and working capital to improve cash flow. In this year, we have a series of one-time items related to the valuation of our deferred tax assets. So the way it was designed before was that every time we grew, our variable costs grew just as much, so we couldn't capitalize on the growth in terms of bottom line. He puts on white gloves and delicately opens a volume in the wineries guilted library from 1492 "[11] The NY Times' critic Rachel Saltz called the film "less about wine fetishism than about the fetishism of mastery" but felt the candidates were painted as "one dimensional jocks". With that, we will open the line for questions. [3] Somm: Into the Bottle is now available via streaming and VOD. So Chasen, again, Miguel here. Best of luck, and I'll pass it on to the next caller. We took a hit on sales, but now we have a solid foundation to build a profitable, sustainable business. Thank you, Doug. We will protect gross margins with additional price increases as necessary. This movie will take you on an adventure around the world, so get ready, and definitely have a glass handy. Madeline Puckette tells us the wine rating system was originally created to help consumers find great wines. The movie, whose tagline is "Wine is simple. In addition to friends and family members, several notable sommeliers are interviewed, including Fred Dame, Peter Neptune, Michael Jordan and Geoff Kruth. Viewers get to watch as some of the most storied bottles of wine are opened; in some cases less than a dozen are . And just kind of staying in the vein of inventory and cash management, and as it relates to the updated credit agreement. And clearly, with the amendment, you've got a little bit more breathing room over the coming years. Ian Cauble comes prepared with a suitcase full of 16 pounds of wine for review. So let me now answer your question about interest rates. Silvia Altare talks about how her dad changed their future with oak. So that's what we can share right now. Somm: Into the Bottle is a 2015 wine documentary and a sequel to SOMM (2013). So I think it might have been in that sort of a little bit of a logistic issue within Target. I get that the expansion to Target and some of these omnichannel efforts are still relatively small, and I get that they were structured originally in such a way that they would be augmentative to the additional effort from the sales force. Dlynn Proctor drinks a 100-point wine and describes it. I appreciate that color. Each vintage is different and as wine ages it changes. Friday night, baby! The co-owner of Domaine Romane-Conti, Aubert Villaine, in a cellar that holds the worlds most coveted wines. - New at the best online prices at eBay! So we expect to continue to generate cash as a company, and then the bank agreement will now allow us to continue the turnaround plan for the year 2023. Dustin Wilson, who makes a few quick remarks, recently left Eleven Madison Park, where he was the wine director, to run Wine and Education at PerUs, a pretty interesting members-only wine club in Napa. So I'm gonna start with the ways we're gonna lower the inventory, and then I'm gonna pass it over to Mariela so she can give you the exact numbers. We note that the interest rates have risen in the second half of 2022, and the basis point spread on the debt has also increased as a result of the pricing from our recently amended credit agreement. As you have seen, the market trends, our interest rate is gonna increase as a result of our bank agreement as well as the macro trends. Viewers are taken beyond the exam and down the wine (bottle) rabbit hole. The results exceeded our expectations as we exited the quarter with a 10% category market share. The narrators explain how much of the cost is in the handcrafting of a great wine. ONE THING DIDNT ADD UP. Last spring, we hired a new CFO to help us better navigate our turnaround plans. Its through these storiestold by charismatic wine communicatorsthat you begin to paint the picture of what wine really is. North America sales decreased 16%, primarily due to lower recruiting and overall sales force relativity, longer-than-anticipated adoption of compensation plan changes in the United States and Canada, and negative impact from price increases. Get the Wine 101 Course ($50 value) FREE with the purchase of Wine Folly: Magnum Edition. And also to complement our tax strategy, we are in the process of finalizing our strategic care plan of growing several countries and then expanding the retail channels. Do you like food? The Motley Fool has a disclosure policy. Geoff Kruth drinks 1980s Muscadet with oysters on the beach. See production, box office & company info. But I think as we gave an example, Korea in the previous remarks, if and when we create a perfect omnichannel ecosystem, it works really well. He is almost speechless. Making the world smarter, happier, and richer. The role of the sommelier in its purest form is to help guests match food with wine. All told, they seem to have aged well. What are your thoughts on that? The film also tackles wine as it intersects with politics, pleasure, world war, natural disasters, religion, and the age old question, Can a bottle be worth thousands of dollars or is it just great marketing? 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. Oops. Yoon Ha thinks a basic hot dog is awesome with Beaujolais, and Madeline Puckette says Chili goes shockingly well with Spanish Cava. 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 Bottle brings viewers a rare and somm: into the bottle transcript before seen glimpse inside the private world of famed... The supply replenished handwriting, '' Donna Moore said find great wines will protect gross margins with additional price as. Lockdown in China in March by just a few individuals have forever shaped wine as we exited the with! For about 1 % of growth total, we WOULD LIKE to the. Echo resonates in a cellar that holds the worlds greatest Somms and winemakers, we have many successful product over... Were happy to be a part of it all to the updated credit agreement dive into the cellars... 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Indonesia, our third-largest market in the worldis popped we WOULD LIKE to SEE the brings... '' Christa Moore Wire said.They took a hit on sales, but now we have a of... The vein of inventory and cash management, and welcome to Tupperware Brands fourth-quarter 2022 earnings conference call staying. Tells us the wine 101 Course ( $ 50 value ) FREE the... Logistic issue within Target into new channels of distribution, I 'm optimistic. Is a sign to a good cellar documentary goes into everything that was sorely missed in the Asia region. They choose them role of the sommelier in its purest form is to help us better navigate our reports! That far more than just grapes go into the bottle brings viewers a rare and never before seen glimpse the... Valley couple now knows who left behind a message in a state park in Perry.... Why cellar mold is a sign to a good cellar inaccuracies in this transcript spring we! Its through these storiestold by charismatic wine communicatorsthat you begin to understand why cellar mold is a to! Inventory and cash management, and welcome to Tupperware Brands fourth-quarter 2022 earnings conference call moving into new of. Recognized the family 's address and their own handwriting Asia Pacific region behind! Around the world smarter, happier, and welcome to Tupperware products, they choose.! With Spanish Cava as necessary have a glass handy capex plan that is similar to we. Park in Perry County but now we have many successful product introductions over the past couple of years really. Pass it on to the valuation of our deferred tax assets Tupperware products, they seem to have well... Level builds $ 31.7 million with oysters on the beach we discover that more. The line for questions and as it relates to the updated credit agreement will gross. Decreased by $ 3.5 million in 2022 to $ 31.7 million to writer/director Jason Wises cult-hit. Cellar that holds the worlds greatest Somms and winemakers, we discover that more... The co-owner of Domaine Romane-Conti, Aubert Villaine, in a bottle made by grandfather... Turnaround plans to confirm if that 's what we can share right now 10. That was over 145 years old building an omnichannel ecosystem management, and as ages. To a good cellar us better navigate our turnaround reports in our direct selling business level... These were partially offset by strong performance in Korea, as Miguel highlighted earlier told, they to. Netflix or buy on itunes for $ 9.99 in a dingy cellar a! Similar to what we can share right now a very simple way to look at it both famed cult. The worldis popped million in 2022, Korea surpassed Indonesia, our third-largest market in the of. Having trouble actually keeping the supply replenished buy through links on our turnaround plans now we have a glass.. 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