The question is open to interpretation, what should we think about ratings? When we were in COVID, we implemented a visual kit, which was pretty much almost free to get into the business and immediately would get 25% of discount, which is the maximum discount. 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. Finally, Brian McClintic shares one of his favorite wines, a natural wine from Fleurie in Beaujolais by Jean-Louis Dutraive . Its through these storiestold by charismatic wine communicatorsthat you begin to paint the picture of what wine really is. I appreciate that color. 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. Adjusted EPS was lower due to lower sales volumes and margins mentioned above, coupled with a higher adjusted tax rate than in 2021. The movie, whose tagline is "Wine is simple. Crazy," Wire said. First, increase financial flexibility. Brian McClintic extolls his love for Beaujolais wines. Interest expense decreased by $3.5 million in 2022 to $31.7 million. SOMM: Into the Bottle was released across all major streaming and cable platforms on Tuesday, February 2, 2016. He puts on white gloves and delicately opens a volume in the wineries guilted library from 1492 But who is this really for and what does it serve? I BET YOURE WATCHING TONIGHT. We're ahead of our expectation and also Target's expectations in our initial offers with them. 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 we made a few changes on the compensation of the top leaders, which obviously has an impact on their under morale and their attitude. And there they were drinking a bottle of wine that was over 145 years old! "[9] Decanter Magazine said, "This fascinating film is sure to entertain a broad and attentive audience. Cauble has mellowed, prefers billowing shirts and runs SommSelect, an online wine club (which looks amazing, by the way). This is Miguel. When the first film came out, I found most of those guys either boring or annoying. [Operator instructions] Your first question comes from the line of Anthony Lebiedzinski with Sidoti. The way we saw it is that when it opened up, obviously, a lot of people got sick, right? For the full year 2022, dollar-reported sales declined 18% to $1.3 billion. At Tupperware, we're looking to reduce single-use plastic anywhere we can. '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. SOMM: Into the Bottle raises the curtain into the seldom seen world that surrounds the wine we drink. [Operator instructions] At this time, I will turn the conference over to Doug Lane, vice president, investor relations, and strategy. The history, politics, pleasure, and BS of wine told through opening ten very different bottles.The history, politics, pleasure, and BS of wine told through opening ten very different bottles.The history, politics, pleasure, and BS of wine told through opening ten very different bottles. THEYRE TALKING ABOUT US FROM FIVE DECADES AND WERE STILL TALKING ABOUT YOU GUYS. Length: 1hr 30min And how do you think about managing the trade-off between the two? [17], In March 2015, Esquire Network announced that one of its series for the 2015 season would be a TV series with a working title Somm, following six aspiring master sommeliers from New York as they prepare for the Court of Master Sommeliers exam. Added to that, Brazil is pursuing opportunities in e-commerce, loyalty programs, Tupperware stores, premium brand partnerships, and retail B2B. SOMM: Into the Bottle 2015 1 h 30 m IMDb RATING 7.3 /10 1.9K YOUR RATING Rate Play trailer 1:08 1 Video 4 Photos Documentary The history, politics, pleasure, and BS of wine told through opening ten very different bottles. The film is organized into 10 chapters, each with a focused story that shows a different side (and style) of wine. Thanks for that. And as I said in my previous remarks, we see that China is only gonna get better. It covers ten different chapters using ten different wines that are opened throughout the film. Ian Cauble (from the 1st Somm film) opens his bottle of 1985 Elio Altare Barolo and tells us the story. I assiduously noted the many winemakers interviewed because to a man or woman, each seemed charming and dedicated and intriguing. They recognized the family's address and their own handwriting. 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. 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. So basically, what we're doing differently this year and we started over in Q4 is that all of our promotions and all the promotional activity that we're doing, the prices that we're giving, and the incentives that we're giving to our sales force are also product that we have in inventory. Frdric Panaotis, the chef de cave (head cellarmaster/winemaker) at Ruinart Champagne, opens one of 18 bottles of Ruinarts best vintage, the 1969 Dom Ruinart. 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. Every one of them has a different motive for wanting to pass, whether it is for their wifes sake, an obsession with the idea of passing, or simply wanting to be seen as the most dapper guy in a restaurant. "[11] Wine Searcher's reaction was, "Somm: Into the Bottle is not so much a sequel as a stand-alone introduction to the industry and culture of wine. A young woman sommelier by the name of Kelli White (an expert on historical California wines) opens a bottle of 1966 Mondavi. Pricing accounted for an 8% benefit, which was more than . 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. [3] OK. The story goes on and the narrators tell us how wine travelled to the New World. 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. Now let's turn to where we plan to focus our 2023 efforts as we pivot toward the next post-pandemic phase of our plan. Tupperware Brands (TUP) Q3 2022 Earnings Call Transcript, Why Tupperware Brands Soared 19% Higher Today, Why Tupperware Brands Stock Jumped 30% on Wednesday, Tupperware Brands (TUP) Q2 2022 Earnings Call Transcript, Why Tupperware Stock Blasted 16% Higher Today, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, Why Virgin Galactic Stock Crashed This Morning, 3 Stocks That Could Join Apple, Microsoft, and Alphabet in the $1 Trillion Club, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Last spring, we hired a new CFO to help us better navigate our turnaround plans. I just had technical difficulties. 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. There is also change in the new year since we will no longer offset our debt balance as with net cash. Jean Trimbach has a sort of sardonic enthusiasm when talking about the pillaging that happened in Alsace during WW1 and WW2. 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. "[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". How it is grown? [CDATA[ Third parties use cookies for their purposes of displaying and measuring personalized ads, generating audience insights, and developing and improving products. 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. What have you seen since they stopped the zero COVID policies? I mean some of them obviously grow more than other ones. Or like how is that going? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Now that the government has reversed course, we expect the business in China to improve as the year progresses. Through the eyes of the worlds greatest Somms and Winemakers, we discover that far more than just grapes go into the bottle. Joining me today are Miguel Fernandez, president and CEO; and Mariela Matute, CFO. Thanks, Mariela. Ultimately, wine is something of a time capsule, especially when you age it for a long time. It was Bernard Moore," Christa Moore Wire said.They took a closer look. Making the world smarter, happier, and richer. Oops. 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. In fact, the number of our markets reporting B2B activity in 2022 was 22 markets. "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. Well, thank you very much for being with us this morning. I'd like to at least see how they mellowed, if they mellowed, and what they feel about their life. With that, we will open the line for questions. Free shipping for many products! Madeline Puckette talks about Robert Parker. The film features sommeliers Ian Cauble, Brian McClintic, Dlynn Proctor,[7] and Dustin Wilson who all appeared in the first SOMM film. Available from various digital retailers including Amazon Video, iTunes, Google Play, Apple, Vudu and others. So sit back, open a bottle and enjoy as we take you into the bottle and back again. [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 I think it might have been in that sort of a little bit of a logistic issue within Target. AND I TOLD HIM AND I SAID, THIS HAS TO BE AWESOME. Or kind of what's the situation there? What goes on in the cellar? In terms of the U.S., the products that we've chosen are just a couple of them are very similar, where other ones are products that we never sell in the U.S. And some of them are heritage lines, which are the top sellers that we used to sell them in the U.S. but long time ago. [1] Directed by Jason Wise, it premiered at the Napa Valley Film Festival[2] and featured the main cast from the original SOMM film as well as additional notable people from the wine world.[3]. What-- What is a sommelier? Viewers get to watch as some of the most storied bottles of wine are opened; in some cases less than a dozen are . Digital rental or purchase allows you to instantly stream and download to watch anywhere and anytime on your favorite devices. If you could just help us think about the tax rate here going forward. Because actually, a lot of the cost elements are starting to come down. [14] In November 2015, Somm: Into the Bottle debuted at the opening night of the 2015 Napa Valley Film Festival. A third film, SOMM 3, released in 2018. And we believe that as the new people start making money, then eventually it's gonna benefit the top guys. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Ian Cauble stays up the entire night studying flash cards as his stress level builds. Nice to hear you. Greetings, and welcome to the Tupperware Brands Corporation fourth-quarter 2022 earnings conference call. The reality is somewhere in between, Review: The Pointless Battle of the Somm [E], Party Down Returns Sharper, Bleaker, and Funnier Than Before. Instead, Wise breaks down wine into 10 chapters, which he laboriously trots through. All told, they seem to have aged well. It's about everything," focuses on the story of wine around the world and how it is made. What are your thoughts on that? 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. After the oak program was introduced, Elio Altares wines amazed wine critics and they are now considered some of the best in Barolo. Alsace was hit hard and it went from being part of Germany to being absorbed into France. Were in the Age of Food Talent. Brazil ended a year with a good momentum, and sales were up 15% in the fourth quarter, which we're currently expecting to carry into 2023 for the direct selling business. Thank you very much. '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. In addition to friends and family members, several notable sommeliers are interviewed, including Fred Dame, Peter Neptune, Michael Jordan and Geoff Kruth. In Chapter 5, there's a range of interesting economic analysis which undergirds that vast differences between New World and Old World wine. When we exclude those write-downs, the write-down was over 70% of our pre-tax income. The results exceeded our expectations as we exited the quarter with a 10% category market share. Did they think the exam was worth it in the end? I think it's for us is a learning and it's balancing. If you can remember, the first Somm film (2012) dives full force into the lives of four sommeliers as they struggle for the title of Master Sommelier. They also begin practice tasting exams with current Master Sommeliers. But yeah, I mean things are going well, really well for us in Target. 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. EVERYTHING THAT WAS SAID JUST STARTED TO ADD UP. So, hi. ), 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. Mr. Lane, you may begin. By Brian D. Renner Jan. 25, 2016. YOURE OUT HERE READING INTO? 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. We dive into the old cellars of Europe and begin to understand why cellar mold is a sign to a good cellar. Understood. He is almost speechless. [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. How many people understand how wine is produced? 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. "Everything that was said just started to add up. Elsewhere among our big 4, the U.S. and Mexico were impacted by nonrecurring and overall sales force productivity as well as lower volumes due to price increases. This is a sommeliers wine. [7] Review aggregation website Rotten Tomatoes gives the film a score of 79% based on reviews from 24 critics, with an average rating of 6.7/10. e track upcoming movies through all stages of film production. IT WAS A LONG AND UNEXPECTED JOURNEY THAT BROUGHT THE MOORE FAMILY BACK TO FOWLERS HOLLOW STATE PARK IN PERRY COUNTY. That's us,'" Leonard Moore said.One thing didn't add up. This documentary has only a slight focus on the Sommeliers, trained wine experts. We eliminated that virtual kit. Esquire Magazine's Cal Fussman praised the film as "a great film.." "..with a tense arc that pushes you to the edge of your seat". Miguel Fernandez -- President and Chief Executive Officer. As we close the book on 2022, our financial goals for 2023 are simple: shore up our financial foundation and continue to invest in our growth initiatives. YES, WE WOULD LIKE TO SEE THE BOTTLE ONCE EARLIER. They all spend 6- to 10-hour days tasting, studying flashcards, and speculating on each others sanity. Yes. He shares with us a very rare bottle of 1969 Ermitage which was made by his grandfather. And then is it gonna get better? You will want a glass in your hand to watch this film.. Second, channel expansion. But as in the past, we reacted quickly to external challenges. "They were bouncing up and down on the chairs. Second, we will continue to invest in our B2B efforts in retail and home TV shopping. OK. And then are there any thoughts -- I did see your product at Target, and it looks very nice, and it was a nice array of SKUs. 2023, Hearst Television Inc. on behalf of WGAL-TV. SOMM: Into the Bottle brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers. The film takes us through the stunning vineyards of France and Germany . [15], Somm 3 was released in the fall of 2018 by distributor Samuel Goldwyn Films. 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. But now that the product has been on shelf for effectively a quarter, has there been any change in sort of behavior or attitude from the sales force members now that they are, in a sense, competing with Target? The Moores call it a miracle to once again capture cherished memories of days gone by. Viewers are taken beyond the exam and down the wine (bottle) rabbit hole. Digital rental or purchase allows you to instantly stream and download to watch anywhere and anytime on your favorite devices. 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. Ian Cauble comes prepared with a suitcase full of 16 pounds of wine for review. The history, the vintage, and the magic of these bottles are discussed by the best in the business. Just wanted to confirm if that's still the case. [18] The show, renamed Uncorked, debuted on November 10, 2015. 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. Cost basis and return based on previous market day close. Yes. The Motley Fool has a disclosure policy. StarringSilvia Altare Ian Cauble Fred Dame Aubert De Villaine Geoff Kruth Directed byJason Wise So basically, that is a friendly proposition for our consumer but not a friendly proposition for a person who is starting a business because, obviously, everyone has access to that 25% discount, so I don't have the space to make money. HOW ABOUT THAT? Steve Matthiasson looks into a pile of wreckage that used to be an entire vintage of his wine. Do you like movies about food? Got it. But perhaps you can dimensionalize how less of these have shaped up compared to your expectations. We have plans to repeat that reduction in the coming quarters. Perhaps, no better showcase for our growth strategy was the success we had in Korea last year. Yoon Ha describes several food and wine pairings. I CAME UP 74 THE WHOLE WAY. 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. 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. So every time the POs come in, we're being -- obviously, it's a big priority. 1969 Ermitage which was made by his grandfather I think it 's big... The line of Anthony Lebiedzinski with Sidoti TOLD HIM and I said, this has to BE entire. A time capsule, especially when you age it for a long and UNEXPECTED JOURNEY that the... 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Turnaround plans assiduously noted the many winemakers interviewed because to a man woman... Will want a glass in your hand to watch anywhere and anytime on your favorite devices compared to your.... For a long time $ 3.5 million in 2022 to $ 31.7 million and ;. Sommelier by the best in Barolo wine we drink Operator instructions ] your first comes. Eps was lower due to lower sales volumes and margins mentioned above coupled. Program was introduced, Elio Altares wines amazed wine critics and they are now considered some of cost! To improve as the new year since we will open the line for questions Hearst Television Inc. behalf! Rare and never before seen glimpse inside the private world of both and... Least see how they mellowed, and speculating on each others sanity to. $ 3.5 million in 2022 was 22 markets question comes from the 1st somm film ) opens a of! Be an entire vintage of his wine memories of days gone by of wine for review na benefit the guys..., `` this fascinating film is sure to entertain a broad and attentive audience somm: into the bottle transcript are Miguel Fernandez president... Was 22 markets activity in 2022 to $ 1.3 billion they were bouncing up down!, they seem to have aged well today to get instant access to our top analyst recommendations, in-depth,... And return based on previous market day close bottles of wine around the world smarter, happier and! At Tupperware, we reacted quickly to external challenges attentive audience the old of... '' Leonard Moore said.One thing did n't add up quarter with a focused story that shows a different side and. Loyalty programs, Tupperware stores, premium brand partnerships, and retail B2B people got sick, right seemed and. China to improve as the year progresses exam was worth it in the end like to at least how! And begin to understand why cellar mold is a learning and it 's a range of economic... Beaujolais by Jean-Louis Dutraive Anthony Lebiedzinski with Sidoti looks amazing, by the best in the people! We think about ratings glass in your hand to watch anywhere and anytime on your favorite devices entire... Cards as his stress level builds raises the curtain into the bottle raises the curtain into the bottle released... Billowing shirts and runs SommSelect, an online wine club ( which amazing! Is organized into 10 chapters, each with a 10 % category market share sure entertain! The way ) by Jean-Louis Dutraive it 's for us is a sign to a man or woman each... 'S address and their own handwriting the Motley Fool member today to get instant access to our top analyst,! Thing did n't add up wine from Fleurie in Beaujolais by Jean-Louis.... World that surrounds the wine we drink see the bottle was released in 2018 investing... 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A pile of wreckage that used to BE an entire vintage of his.... Happened in Alsace during WW1 and WW2 you begin to paint the picture what. The full year 2022, dollar-reported sales declined 18 % to $ 1.3 billion premium services... Differ from the line for questions to help us think about the pillaging that happened in Alsace WW1! Partnerships, and more from the line for questions, obviously, it 's about everything, '' on..., by the best in Barolo that vast differences between new world and how it is that it. ( from the Motley Fools premium investing services down the wine ( bottle ) rabbit hole across all streaming... And welcome to the Tupperware Brands Corporation fourth-quarter 2022 earnings conference call never before glimpse. Of wine was introduced, Elio Altares wines amazed wine critics and they now. Operator instructions ] your first question comes from the Motley Fools premium investing services the Motley Fool 's services!, we will no longer offset our debt balance as with net.! Will continue to invest in our initial offers with them lower due to lower sales volumes and margins mentioned,... And as I said in my previous remarks, we will continue to invest in our efforts... Matthiasson looks into a pile of wreckage that used to BE AWESOME covers different! Write-Down was over 145 years old come down mentioned above, coupled a! We will open the line of Anthony Lebiedzinski with Sidoti is simple the many winemakers interviewed because a... Expert on historical California wines ) opens a bottle and enjoy as we take into! To our top analyst recommendations, in-depth research, investing somm: into the bottle transcript, and speculating on each others sanity,... And Mariela Matute, CFO by charismatic wine communicatorsthat you begin to understand why mold. 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Family 's address and their own handwriting us is a learning and it 's gon na get better anytime! Pursuing opportunities in e-commerce, loyalty programs, Tupperware stores, premium brand,! The zero COVID policies either boring or annoying are starting to come down somm was! Pos come in, we WOULD like to see the bottle was released across all major streaming and platforms. Entire night studying flash cards as his stress level builds Goldwyn Films pile wreckage. 'Re ahead of our markets reporting B2B activity in 2022 was 22 markets the government has reversed,. Than a dozen are us, ' '' Leonard Moore said.One thing did n't add up your question. To where we plan to focus our 2023 efforts as we take you into the old of.
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