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. Its 2014 and an earthquake just rocked Napa Valley. Somm: Into the Bottle on Pluto TV | Documentaries | 1hr 30 min | The history, politics, pleasure, and BS of wine told through opening ten very different bottles. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. I appreciate that color. In total, we added 50 retail chain customers around the world. 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. 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? Yoon Ha describes several food and wine pairings. Got it. Did the 2013 documentary Somm really need a sequel? *Average returns of all recommendations since inception. ", "Film Review Somm: Into the Bottle | Wine-Searcher News & Features", https://en.wikipedia.org/w/index.php?title=Somm:_Into_the_Bottle&oldid=1072669482, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 18 February 2022, at 22:21. 53 /// 2020] [Operator instructions] At this time, I will turn the conference over to Doug Lane, vice president, investor relations, and strategy. But obviously, we need to wait for the consumer reaction in this next three, four months. Greetings, and welcome to the Tupperware Brands Corporation fourth-quarter 2022 earnings conference call. Choices made by just a few individuals have forever shaped wine as we know it today. 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. Our entry into small appliances was highlighted with air fryer. Our trailing 12-month bank covenant leverage ratio was 4.9, within our recently amended maximum leverage ratio for the fourth quarter of 5.25. It was Bernard Moore," Christa Moore Wire said. First, increase financial flexibility. Finally, a replay of this call will be available on our investor relations website later today. 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. 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. 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). [8] Variety called the film "A stimulating intro course on wine appreciation" and praised its "accessible subjects and sparkling execution". We believe we're still compensating pay friendly and competitively compared to other companies. So actually, it was last week in China. I CRAZY EASY FOR JOE. We will be available for Q&A following our prepared remarks. 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. 2022 also had an extra week, which provided for about 1% of growth. Well, thank you very much for being with us this morning. 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. We launched air fryer late 2021 in China. (A similar bottle went for US$160,000 at auction. Weve done our best to note most of the wines and people in this film. 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. In our 10-K to be published by March 16 or earlier, we will also include disclosures of material weakness in the income tax process as the company did not design and maintain effective internal controls related to the accounting for the completeness, occurrence, accuracy, and presentation of the income tax provision, and related income tax assets and liabilities. 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? First, in our direct selling business, we're phasing out the virtual storage kit that we introduced in the early stages of the pandemic. And also as a -- just as a quick other question. At that time, it was a way to keep the recurring engine running during the time of limited in-person activities. This year, which is very different, we're going back to our normality of price increases, which in the countries that they have higher inflation, this is what we've been doing for years, so we don't expect anything different. A Rich, Buttery, Fruit-Filled Recipe for Filipino Polvoron, The Millennial Urge to Buy a Tiny Pizza Hut-Themed Toy Set. When consumers have access to Tupperware products, they choose them. The film is organized into 10 chapters, each with a focused story that shows a different side (and style) of wine. So as of today, we're confident that we will be able to operate without substantial doubt in 2023. [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. THEY TOOK A CLOSER LOOK AND RECOGNIZED THE FAMILYS ADDRESS AND THEIR OWN HANDWRITING. 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. Got it. 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. "They were bouncing up and down on the chairs. 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. I believe on the pricing side, you've mentioned further price increases expected in '23. 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. Obviously, people are coming back to a new normality. Adjusted EPS was lower due to lower sales volumes and margins mentioned above, coupled with a higher adjusted tax rate than in 2021. The film features sommeliers Ian Cauble, Brian McClintic, Dlynn Proctor,[7] and Dustin Wilson who all appeared in the first SOMM film. "Somm: Into the Bottle - the Film, Wines and More", "A Second "Somm" Movie Looks at Wine from 10 Different Angles", "New wine film 'Somm: Into the Bottle' is ambitious, dangerously selective", "Somm: Into The Bottle - The Film, Wines and More", "A Second "Somm" Movie Looks At Wine From 10 Different Angles", "Sommelier DLynn Proctor Joins Fantesca as Director", "The Cast of 'Somm': Where Are They Now? 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. The four candidates appearing as themselves are Ian Cauble, Brian McClintic, Dustin Wilson and DLynn Proctor. Sales were down 27% on the year as zero COVID policy impacted consumer access to our products. 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. Somm: Into the Bottle is not so much a sequel as a stand-alone introduction to the industry and culture of wine. Ian Cauble (from the 1st Somm film) opens his bottle of 1985 Elio Altare Barolo and tells us the story. Whats the difference between expensive wine and cheap wine? What are your thoughts on that? That's us,'" Leonard Moore said.One thing didn't add up. Somm: Into the Bottle is a 2015 wine documentary and a sequel to SOMM (2013). Now back to this quarter just reported. 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. But as in the past, we reacted quickly to external challenges. Linda, we had in average in the Q4, we still saw an increase in input costs, and I think it was driven by some logistics disruptions we have when China opened up as well as our plans to improve service levels across the Tupperware ecosystem. 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 was released across all major streaming and cable platforms on Tuesday, February 2, 2016. Each vintage is different and as wine ages it changes. 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. OK. We made meaningful leadership changes midyear. Looking forward to seeing you in three months. The film tells the story and history of wine through ten different bottles opened throughout the film in different chapters. (Wise and his DP, however, liberally partook.). //

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