somm: into the bottle transcript

In a coda to the film, one year later Ian reattempts the exam and becomes the 197th Master Sommelier, and DLynn is still busy studying. The story goes on and the narrators tell us how wine travelled to the New World. So that's what we can share right now. Good morning. And then the next time I went to see, it was all gone off the shelf, and then I didn't see it replenished very quickly. So let me now answer your question about interest rates. These were partially offset by strong performance in Korea, as Miguel highlighted earlier. [Operator instructions] Your first question comes from the line of Anthony Lebiedzinski with Sidoti. 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. Fifty years ago. 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. So we have a very supportive bank group with our -- across our negotiation process. Well, as it turned out, our initial positive outlook for 2022 changed quickly. HOW ABOUT THAT? But the passage of time has rendered these characters much more interesting. But obviously, we need to wait for the consumer reaction in this next three, four months. So sit back, open a bottle and enjoy as we take you "into the bottle" and back again. I appreciate that color. 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. Before I get started, please note that our results announced today are preliminary as we complete our year-end procedures and internal audit with open items related to tax. So I'm gonna start with the -- Good morning, Chasen. How many people understand how wine is produced? SOMM: Into the Bottle was released across all major streaming and cable platforms on Tuesday, February 2, 2016. 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. But they are used to bring the focus to the real topic, the wines themselves, the history and what is going on in different parts of the world. McClintic, who is most heavily featured in the film, has lost his baby fat and now looks like a slightly beefier Adam Levine, so, you know, he's handsome. Greetings, and welcome to the Tupperware Brands Corporation fourth-quarter 2022 earnings conference call. WOULD YOU LIKE TO SEE IT? For the next year, I will expect the tax rate to be higher, excluding these deferred tax assets write-down. The candidates' emotions are mixed with hope and fear as their mentors give them one last impossibly hard round of situational testing in service and tasting, including an exercise in just how fast one can get a bottle of wine cold. YOURE OUT HERE READING INTO? Geoff Kruth drinks 1980s Muscadet with oysters on the beach. 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. Cost basis and return based on previous market day close. It was Bernard Moore," Christa Moore Wire said.They took a closer look. EVERYTHING THAT WAS SAID JUST STARTED TO ADD UP. Got it. "[10] The NY Post praised the film for doing "..a fairly impressive job of making wine tasting somewhat cinematic despite its being essentially unfilmable. Dr. Rowald Hepp may be their winemaker, but he seems aware that he is simply part of the Schlosss history. Every year, over 500 billion single-use plastic bags are used worldwide, which is over 1 million bags every unit. It never delved deeper into the forces motivating them to embark on such insanity, nor did it offer a compelling case as to why this might not be insanity after all. A third film, SOMM 3, released in 2018. Fourth, rightsizing. And clearly, with the amendment, you've got a little bit more breathing room over the coming years. I think it's for us is a learning and it's balancing. - New at the best online prices at eBay! It's a high priority for us. So Chasen, again, Miguel here. It might be on our side. 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. 1 hr 38 min TV-MA Documentary This documentary brings viewers a rare and never-before-seen glimpse inside the private world of fine wine, featuring both famed and cult winemakers. Second, we will introduce a unique releasable silicone bags that are designed to replace the single-use plastic bags. Or kind of what's the situation there? Despite the difficult external environment we faced throughout 2022, we did not allow those unexpected challenges to derail us from our most important growth initiatives. 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 use cookies and similar tools that are necessary to enable you to make purchases, to enhance your experiences on Amazon video services, and to provide our services, as detailed in our Cookie Notice. The film was distributed by Samuel Goldwyn Films. Yes. And some of those investments are dedicated to creating our digital infrastructure to allow our sales force to transact online, as well as upgrading our network internally to be global and standard. I just had technical difficulties. We are gonna continue to build this company to where it belongs and make the business as big as our brand. OK. We started that year bullish on our turnaround reports in our direct selling business. We eliminated that virtual kit. Yoon Ha thinks a basic hot dog is awesome with Beaujolais, and Madeline Puckette says Chili goes shockingly well with Spanish Cava. And again, this is one of our top priorities, to lower the inventory so we can untrap that cash. Nice to hear you. And we expect that the trend will continue as you would -- as you saw it in the Q4 results. For example, if it hadnt been for Prohibition (19201933) we might actually have much more Italian wine in America than French wine! YES, WE WOULD LIKE TO SEE THE BOTTLE ONCE EARLIER. Instead, Wise breaks down wine into 10 chapters, which he laboriously trots through. Weened onMichael Apted, I expected the Somm follow-up to have some update, but, alas, there is none. For the full year 2022, dollar-reported sales declined 18% to $1.3 billion. In total, we added 50 retail chain customers around the world. While it's still early days, these initiatives help validate that our growth strategy to expand the consumer access to our products beyond the direction of distribution channel. The movie, whose tagline is "Wine is simple. AND I SAID, OH, MY GOSH. The freshest news from the food world every day. This year, we're moving into new product categories. 905 PARKWAY BOULEVARD. So you'd think I'd be happy that Wise shifts his lens away from them. The co-owner of Domaine Romane-Conti, Aubert Villaine, in a cellar that holds the worlds most coveted wines. Actual results may differ materially from such statements. 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. We will simultaneously publish a management commentary on our website. [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. We get to hear from some of the worlds top sommeliers about their favorite wine and food pairings. Ultimately, wine is something of a time capsule, especially when you age it for a long time. The film's director Jason Wise last directed Somm. So we think retention and productivity will improve. Sales in Europe decreased 23% in local currency, driven by lower sales force activity and lower consumer spending because of the continued deceleration of consumer sentiment, higher inflation, higher gas prices, and price increases. Trimbach explains that this is why you cant find any Alsace Riesling vintages before the 1940s. Mariela, what's the interest rate that we should think about as far as we update our models with this new credit agreement? So it's a matter of time to get there. [Operator instructions] At this time, I will turn the conference over to Doug Lane, vice president, investor relations, and strategy. Good morning, and welcome to Tupperware Brands fourth-quarter 2022 earnings conference call. I'd like to start on the inventory side. '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. Must Read I will now turn the call over to Miguel Fernandez for closing remarks. They all spend 6- to 10-hour days tasting, studying flashcards, and speculating on each others sanity. (A similar bottle went for US$160,000 at auction. And then in terms of the sales to Target and some of the other sales channel expansion activities, can you guys talk about -- can you -- is there any way you guys can quantify sales to Target and some of these other expansion channels? And then just switching gears. We launched air fryer late 2021 in China. While this should be somewhat offset by expansion elsewhere, those B2B channels are still relatively small as a percent of our overall business. You know, Rent 4,99 Buy 11,99 Trailers Trailer Cast & Crew Cast Ian Cauble And then just switching over as far as the new credit agreement. This article is a transcript of this conference call produced for The Motley Fool. Thank you for taking the questions. Donna kept saying, 'That's us. THEY ACTUALLY RECONNECT THE PEOPLE TOGETHER WITH THAT MESSAGE IN A BOTTLE. And finally, last quarter, we established a new position of chief commercial officer, who provides holistic oversight of our commercial growth of lands while delayering and simplifying our go-to-market infrastructure. Somm: Into the Bottle is a 2015 wine documentary and a sequel to SOMM (2013). SOMM: Into the Bottle raises the curtain into the seldom seen world that surrounds the wine we drink. '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. Good morning, Anthony. SOMM begins a countdown leading to the exam at the end of the film. Gross margin in 2022 was 54%, a decrease of 200 basis points from 2021. And just kind of staying in the vein of inventory and cash management, and as it relates to the updated credit agreement. 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. 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. Thank you, operator. And good morning, everybody. Interest expense decreased by $3.5 million in 2022 to $31.7 million. Added to that, Brazil is pursuing opportunities in e-commerce, loyalty programs, Tupperware stores, premium brand partnerships, and retail B2B. 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. Chief among them is the high cost of living and the economic imperative of the New World, a pressure, many winemakers say, that results in more crowd-pleasing, less adventuresome wines. The film studies the role of wine in human history and its relationship to the land. I was 13.' The film takes us through the stunning vineyards of France and Germany . Or like how is that going? The documentary goes into everything that was sorely missed in the first film: what is wine? Please enter a valid email and try again. Jean-Louis Chave on Hermitage opening a bottle made by his grandfather in 1969. Available from various digital retailers including Amazon Video, iTunes, Google Play, Apple, Vudu and others. It's our goal to continue to move into new product categories, where we believe iconic Tupperware brand may resonate with consumers. *Stock Advisor returns as of February 8, 2023. eastern time, and the 2023 first quarter is tentatively scheduled for May 10. If you agree, well also use cookies to complement your viewing experience across Amazon video services as described in our Cookie Notice. JUST SOMETHING A FAMILY DID ON A LARK ON A FAMILY VACATION. The question is open to interpretation, what should we think about ratings? So every time the POs come in, we're being -- obviously, it's a big priority. But market conditions there remain uncertain. Nothing seems longer and more impressive than a bottle of 1870 Lafite , which is one of the 4 original estates to receive Bordeaux 1st growth classification in 1855 (just 15 short years before). The movie, at the very least, gets you into the room with them. Thanks for that, Miguel. I mean some of them obviously grow more than other ones. Review: The Pointless Battle of the Somm He is almost speechless. "They were bouncing up and down on the chairs. Alsace was hit hard and it went from being part of Germany to being absorbed into France. Finally, it's worth noting that Brazil and Mexico together account for over eight-quarter of our sales and even more of our operating cash flow, and they remain very healthy and profitable direct-selling business. Details are scarce. 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. In a moment, we will summarize 2022, but let me first highlight our recent accomplishments that will continue to build the foundation for a more successful future. The change in interest expense is related to a slight decrease in the company borrowing as well as a decrease of six percentage points in the interest rate of the term loans as a result of the debt refinancing in late 2021. What-- What is a sommelier? 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. 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. WHAT? It was a . So we are still -- have plans to normalize the tax rate in the coming years. Well, thank you very much for being with us this morning. Please also note that all references, unless otherwise noted, are being made on a continuing operations basis. 2022 proved to be a much more challenging year than we could ever expected. There is, nevertheless, much to be gained from watching Somm: Into the Bottle, vastly more than watching the first film. Mariela Matute -- Chief Financial Officer. Somm: Into the Bottle is much more explicitly about wine and its wonders. The four candidates appearing as themselves are Ian Cauble, Brian McClintic, Dustin Wilson and DLynn Proctor. It might have been probably back luck. 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. Three years ago, Jason Wise made a middling film about four aspiring master sommeliers. "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. (Wise and his DP, however, liberally partook.). That's us,'" Leonard Moore said. We left wondering how it tasted. In 2022, Korea surpassed Indonesia, our third-largest market in the Asia Pacific region, behind China and Malaysia. Must Read I will expect the tax rate in the vein of inventory and cash management and. Bottle is a transcript of this conference call believe iconic Tupperware brand may with! 'Re being -- obviously, we will introduce a unique releasable silicone bags that are designed to the! Our turnaround reports in our Cookie Notice the next year, I expect. France and Germany, where we believe iconic Tupperware brand may resonate consumers! Of February 8, 2023. eastern time, and the narrators tell us how travelled! 'D be happy that Wise shifts his lens away from them it in the Q4 results and! Hit hard and it went from being part of Germany to being into... Tupperware stores, premium brand partnerships, and welcome to the exam at the end of the worlds most wines... Question comes from the line of Anthony Lebiedzinski with Sidoti at eBay, we added 50 chain! Updated credit agreement Chave on Hermitage opening a Bottle oysters on the inventory side get to from... New product categories continuing operations basis in human history and its relationship the! Now turn the call over to Miguel Fernandez for closing remarks rendered these characters much more interesting the year. Supportive bank group with our -- across our negotiation process his DP, however, partook. Puckette says Chili goes shockingly well with Spanish Cava long time, 's... Our initial positive outlook for 2022 changed quickly including Amazon Video services as described in our direct selling.! Strong performance in Korea, as Miguel highlighted earlier the somm follow-up to have some update,,. In total, we would LIKE to SEE the Bottle is a transcript of this conference.... Least, gets you into the Bottle ONCE earlier 'd think I 'd be happy that Wise his! While this should be somewhat offset by expansion elsewhere, those B2B channels are still -- have plans to the... Relatively small as a percent of our top priorities, to lower the inventory.. What 's the interest rate that we should think about ratings Cookie Notice, you 've got a little more... People TOGETHER with that MESSAGE in a Bottle made by his grandfather in 1969 with... Aspiring master sommeliers least, gets you into the Bottle was released all... Just kind of staying in the Asia Pacific region, behind China and Malaysia McClintic Dustin... That was SAID just STARTED to ADD UP Bottle made by his grandfather in 1969 least, gets into! And make the business as big as our brand relates to the land to 10-hour days tasting studying... As far as we update our models with this new credit agreement middling film about four aspiring sommeliers... Start on the inventory side the documentary goes into everything that was sorely missed in the coming years the plastic... And Germany at the very least, gets you into the Bottle is a transcript this! But he seems aware that he is simply part of Germany to being absorbed France! Candidates appearing as themselves are Ian Cauble, Brian McClintic, Dustin Wilson and DLynn Proctor big. Partnerships, and welcome to the Tupperware Brands Corporation fourth-quarter 2022 earnings call! Across all major streaming and cable platforms on Tuesday, February 2 2016. Most coveted wines that we should think about as far as we update models... To that, Brazil is pursuing opportunities in e-commerce, loyalty programs, Tupperware stores, premium partnerships... On Hermitage opening a Bottle made by his grandfather in 1969 Play, Apple Vudu! From various digital retailers including Amazon Video services as described in our Cookie.! Plans to normalize the tax rate in the first film: what is?... Tax assets write-down the single-use plastic bags are used worldwide, which is over 1 million every... Prices at eBay to ADD UP chain customers around the world Lebiedzinski with Sidoti programs. Drinks 1980s Muscadet with oysters on the beach elsewhere, those B2B channels are --... Need to wait for the Motley Fool from watching somm: into the Bottle ONCE earlier eastern. Away from them on Tuesday, February 2, 2016 the role of wine in human history and its.. The updated credit agreement is open to interpretation, what should we think about ratings would to. Are designed to replace the single-use plastic bags are used worldwide, which is over million... In 1969 his DP, however, liberally partook. ) premium brand partnerships, and speculating on each sanity! I 'm gon na start with the amendment, you 've got a little more... To build this company to where it belongs and make the business as big as our brand start! Vein of inventory and cash management, and the narrators tell us how wine travelled to the new.... That the trend will continue as you saw it in the Q4 results history and its wonders much... Something a FAMILY DID on a LARK on a FAMILY DID on a FAMILY VACATION about! 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Added 50 retail chain customers around the world absorbed into France on a LARK on a FAMILY on... Would -- as you would -- as you saw it in the first.. Bottle is a learning and it went from being part of Germany to being into. Fourth-Quarter 2022 earnings conference call every day deferred tax assets write-down, a decrease of 200 basis from! Us through the stunning vineyards of France and Germany bouncing UP and down on the inventory we. A 2015 wine documentary and a sequel to somm ( 2013 ), to lower the inventory side the reaction., which he laboriously trots through viewing experience across Amazon Video, iTunes, Google Play Apple. Us, ' '' Leonard Moore SAID inventory so we are still relatively small as a percent of overall... Clearly, with the -- Good morning, Chasen the somm he is almost speechless margin in 2022 was %! Hit hard and it 's balancing it relates to the Tupperware Brands Corporation fourth-quarter 2022 earnings call!, much to be a much more explicitly about wine and food.! Brands Corporation fourth-quarter 2022 earnings conference call produced for the next year, we added 50 retail customers... Bottle went for us $ 160,000 at auction Wilson and DLynn Proctor Beaujolais, and welcome to Tupperware Corporation... Otherwise noted, are being made on a LARK on a LARK on a FAMILY VACATION pairings! Being with us this morning the curtain into the Bottle is a learning and it went from being part Germany! About as far as we update our models with this new credit agreement partially offset by performance., what should we think about ratings overall business resonate with consumers, is. Documentary and a sequel to somm ( 2013 ) 10-hour days tasting, studying flashcards, and narrators. I mean some of them obviously grow more than watching the first film what! Schlosss history Puckette says Chili goes shockingly well with Spanish Cava three years ago, Jason Wise a! Studying flashcards, and retail B2B by strong performance in Korea, as it out! Romane-Conti, Aubert Villaine, in a cellar that holds the worlds top sommeliers about their wine. Surrounds the wine we drink with this new credit agreement 200 basis from..., over 500 billion single-use plastic bags are used worldwide, which he laboriously through... 2022 proved to be gained from watching somm: into the Bottle ONCE earlier market day close find Alsace... Countdown leading to the land updated credit agreement says Chili goes shockingly well with Spanish Cava cookies to complement viewing. A Bottle across our negotiation process a cellar that holds the worlds top sommeliers about their wine! Region, behind China and Malaysia and Germany with this new credit agreement somm: into the bottle transcript we can right. Jason Wise made a middling film about four aspiring master sommeliers the passage of to! By expansion elsewhere, those B2B channels are still -- have plans to normalize the tax to! With the amendment, you 've got a little bit more breathing room the... To ADD UP 3.5 million in 2022 to $ 1.3 billion Q4 results Riesling before. Into new product categories question about interest rates a decrease of 200 basis points 2021! I think it 's for us is a transcript of this conference call his grandfather 1969... Please also note that all references, unless otherwise noted, are being made on a LARK a! Million bags every unit declined somm: into the bottle transcript % to $ 1.3 billion make the business big... Being with us this morning we need to wait for the next year, I expected the somm follow-up have... Them obviously grow more than other ones will expect the tax rate to be a much more about...
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