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. It's our goal to continue to move into new product categories, where we believe iconic Tupperware brand may resonate with consumers. And in fairness, each chapter contains some really interesting stories. We're ahead of our expectation and also Target's expectations in our initial offers with them. In total, we added 50 retail chain customers around the world. First of all, the Nazis bombed many of the vineyards and wineries. Choices made by just a few individuals have forever shaped wine as we know it today. 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. [: Hulu] [No. And the ones that we haven't taken or we traditionally take less than 5%, we're gonna take less than 5%. StarringSilvia Altare Ian Cauble Fred Dame Aubert De Villaine Geoff Kruth Directed byJason Wise Somm: Into the Bottle is a 2015 wine documentary and a sequel to SOMM (2013). We launched air fryer late 2021 in China. 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. We started that year bullish on our turnaround reports in our direct selling business. Good morning, Anthony. Rent 4,99 Buy 11,99 Trailers Trailer Cast & Crew Cast Ian Cauble So sit back, open a bottle and enjoy as we take you into the bottle and back again. So it's -- obviously, it's a journey, and we're gonna continue to learn. We also expect the post-pandemic phase to benefit from increased consumer mobility, Many markets in Asia, particularly China, operate to the models where are reliant on consumer foot traffic. Our excitement in general was dampened by a February conflict in Europe and the COVID lockdown in China in March. His reality is very different, his wine is no longer easy. Because you did make some comp plan changes, and I know it was like a matter of time before those kind of got settled out and stuff. Got it. Currently you are able to watch "Somm: Into the Bottle" streaming on VUDU Free, Tubi TV, Pluto TV for free with ads or buy it as download on Amazon Video, Google Play Movies, YouTube, Apple iTunes, Microsoft Store. In our new amended credit agreement announced this week, our maximum leverage ratios increased. [3] In addition, the segment was negatively impacted by timing of our B2B business transactions, mainly in Germany. The movie, whose tagline is "Wine is simple. 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. Dr. Rowald Hepp may be their winemaker, but he seems aware that he is simply part of the Schlosss history. OK. And then can you just maybe give a little more color on the North American decline? Or kind of what's the situation there? During this call, we'll discuss certain non-GAAP measures, including those we refer to as normalized measures. Finally, a replay of this call will be available on our investor relations website later today. OK. 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. Earlier this month, he followed it up with a sequel: Somm: Into the Bottle. So sit back, open a bottle and enjoy as we take you "into the bottle" and back again. (A similar bottle went for US$160,000 at auction. Yes. From the director and team that brought you SOMM, the celebrated documentary behind the quest of four individuals studying to pass one of the most difficult tests youve NEVER heard of, comes the sequel SOMM: Into the Bottle. So it's going really well. 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? It was a . They oversee service to the guests. Somm: Into the Bottle is much more explicitly about wine and its wonders. Poll: Will you see SOMM: Into the Bottle? Do you like movies about food? 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. At that time, it was a way to keep the recurring engine running during the time of limited in-person activities. The freshest news from the food world every day. We have plans to repeat that reduction in the coming quarters. And we expect that the trend will continue as you would -- as you saw it in the Q4 results. So obviously, we believe it's gonna get better, and it's gonna be better from many points of view, but this is what I call sustainable growth from profitable growth. OK. 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 Got it. That way, everyone will have plenty of time to digest the news and update models before the call. [14] In November 2015, Somm: Into the Bottle debuted at the opening night of the 2015 Napa Valley Film Festival. Thank you for taking the questions. 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. "[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". Each vintage is different and as wine ages it changes. "[9] Decanter Magazine said, "This fascinating film is sure to entertain a broad and attentive audience. Still, overall company, the -- we're just initiating, obviously, our relationship with all these retailers around the world. Then we meet Harvard Professor Steven Shapin, a historian who goes into detail about what wine was like in Roman times, including the so-called Golden Wine. Paul Grieco chimes in about how wine was designed to be drunk and enjoyed in ancient times. So have you done so well at Target that you're having trouble actually keeping the supply replenished? 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. Can you tell us what inventories were at the end of the quarter? 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. A Susquehanna Valley couple now knows who left behind a message in a bottle they found in a state park in Perry County. 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). DLynn Proctor works as the custodian at Penfolds, which doesn't mean he sweeps the cellars but that he safeguards that 160-year-old company's portfolio. Its through these storiestold by charismatic wine communicatorsthat you begin to paint the picture of what wine really is. Learn More, Tupperware Brands(TUP -14.27%)Q42022 Earnings CallMar 01, 2023, 8:30 a.m. We get to hear from some of the worlds top sommeliers about their favorite wine and food pairings. 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. An echo resonates in a dingy cellar after a bottle of 1969 Dom Ruinart champagneone of only 19 bottles in the worldis popped. Danish (Subtitled), Dutch (Subtitled), Finnish (Subtitled), French (Subtitled), German (Subtitled), Italian (Subtitled), Norwegian (Subtitled), Portuguese (Brazil) (Subtitled), Portuguese (Portugal) (Subtitled), Simplified Chinese (Subtitled), Spanish (Subtitled), Spanish (Spain) (Subtitled), Swedish (Subtitled), Traditional Chinese (Subtitled). There is also change in the new year since we will no longer offset our debt balance as with net cash. First will be the cast iron cookware such as Dutch Ovens. 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. He puts on white gloves and delicately opens a volume in the wineries guilted library from 1492 official plot version from samuelgoldwynfilms.com. By the end of the program, we expect to realize more than $60 million in annual cost savings. Fifty years ago. Ian Cauble comes prepared with a suitcase full of 16 pounds of wine for review. SOMM: Into the Bottle brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers. 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. Because actually, a lot of the cost elements are starting to come down. James Beard Award-winning author and Wine Communicator of the Year. This documentary has only a slight focus on the Sommeliers, trained wine experts. WHAT? The aftermath of the earthquake at Matthiasson wines . 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. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Tupperware Brandswasn't one of them! Sales were down 27% on the year as zero COVID policy impacted consumer access to our products. Frassetta and his wife, Marci, were happy to be a part of it all. So for our tax rate, we expect the tax rate to continue to be elevated. Viewers are taken beyond the exam and down the wine (bottle) rabbit hole. 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. Due to our operating performance last year, our financial leverage is much higher than we would like. SOMM: Into the Bottle brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers. Yes. We know that we've been fulfilling Target the way we agree with. The film is organized into 10 chapters, each with a focused story that shows a different side (and style) of wine. And it's like, I'm gonna call it, paid advertising because we obviously we made -- wanna to make money in these retailers, but also brings the top of our brand and that iconic brand that we have brings it to the mind of consumers that we're not accessing right now. From the director and team that brought you SOMM, the celebrated documentary behind the quest of four individuals studying to pass one of the most dif We start to realize that sommeliers preferences are very different than regular wine drinkers. For example, if it hadnt been for Prohibition (19201933) we might actually have much more Italian wine in America than French wine! "And I said, 'Oh, my gosh. Yes. Here's how I described them back in 2013: Its a gas to see where they ended up after four years. 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. So that's what we can share right now. Jean Trimbach shares his familys greatest wine, a bottle of 1962 Clos Sainte Hune with his son. It's about everything," focuses on the story of wine around the world and how it is made. Having winemakers and sommeliers opening ultra-rare bottles like a 2004 Domaine de la Romanee-Conti called DRC, natch or a 1969 Hermitage or the legendary 1962 Penfolds Bin 60A Coonawarra Cabernet Sauvignon Barossa Shiraz is neat party trick, I suppose, but it reads like Wise just beating on his chest. 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. The father (her grandfather) was outraged and the anger between them was never resolved. What are your thoughts on that? Show. Thank you That's helpful. So I think it might have been in that sort of a little bit of a logistic issue within Target. I think it's for us is a learning and it's balancing. Watch on Netflix or buy on itunes for $9.99. 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. We made meaningful leadership changes midyear. 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? Best of luck, and I'll pass it on to the next caller. 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. 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. We eliminated that virtual kit. Movie Insider is a registered service mark of The Movie Insider LLC. This is Miguel. Why do Sommeliers love Riesling so much? Obviously, you've talked about the inventory management efforts. So you'd think I'd be happy that Wise shifts his lens away from them. I will now turn the call over to Miguel Fernandez for closing remarks. *Stock Advisor returns as of February 8, 2023. eastern time, and the 2023 first quarter is tentatively scheduled for May 10. The Motley Fool has a disclosure policy. 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. For the full year 2022, dollar-reported sales declined 18% to $1.3 billion. Whetstones New Agency Wants to Represent It. So every time the POs come in, we're being -- obviously, it's a big priority. What goes on in the cellar? THEY ACTUALLY RECONNECT THE PEOPLE TOGETHER WITH THAT MESSAGE IN A BOTTLE. Available from various digital retailers including Amazon Video, iTunes, Google Play, Apple, Vudu and others. 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. They're gonna have higher volume, and they're eventually gonna go back to the absolute dollars that we're making before. A third film, SOMM 3, released in 2018. This is a sommeliers wine. So sit back, open a bottle and enjoy as we take you "into the bottle" and back again. So we have a very supportive bank group with our -- across our negotiation process. Have you seen any incremental improvement? "Everything that was said just started to add up. "Oh, yeah, that's my handwriting," Donna Moore said. Click Customize Cookies to decline these cookies, make more detailed choices, or learn more. 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. 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. So I'm gonna start with the -- Good morning, Chasen. SOMM: Into the Bottle brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers. Greetings, and welcome to the Tupperware Brands Corporation fourth-quarter 2022 earnings conference call. There was lots of spitting, a fair amount of machismo, some mishegoss, some tsuris, and a little bit of naches. MY NAMES LEONARD MOORE. 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. 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. (Wise and his DP, however, liberally partook.). We feel that we're already protecting our margin. "They were bouncing up and down on the chairs. Ian Cauble (from the 1st Somm film) opens his bottle of 1985 Elio Altare Barolo and tells us the story. That confidence in our early outlook of the year led us to authorize a $75 million stock buyback in February. 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. [13], In January 2015, distributor Samuel Goldwyn Films announced they had acquired exclusive rights to a sequel entitled Somm: Into the Bottle, with a theatrical release planned for later in the year. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Got it. When we exclude those write-downs, the write-down was over 70% of our pre-tax income. I guess that's all for me. Thanks, Miguel. 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. "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. The movie, at the very least, gets you into the room with them. Free shipping for many products! Dlynn Proctor drinks a 100-point wine and describes it. And so what sort of opportunity there is for you to reduce that in '23, given that's probably going to be one of the levers you pull in staying within compliance of those financial covenants? Thanks for that. 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. So we -- obviously, let me just start with the most important thing. The talks recently came to a successful completion, and we appreciate the support our lenders continue to provide us even as market conditions became more difficult. He is taken aback when he takes his first sip, he seems to understands more about his grandfather. [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. With the trend in Argentina and the momentum in Brazil, coming out of the fourth quarter, we are optimistic about this region in 2023. But the passage of time has rendered these characters much more interesting. Fourth, rightsizing. And just kind of staying in the vein of inventory and cash management, and as it relates to the updated credit agreement. As far as the tax rate, obviously, was elevated, what's kind of the right way to think about the tax rate for 2023? But you got to remember that our sales force, they normally -- on any given month, they sell over 200 different SKUs, whereas we have a very limited amount in Target. Now back to this quarter just reported. So let me now answer your question about interest rates. "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? And I get that competing is not exactly the word, but now that the two are effectively live and product is available at the same time. 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. AND HIS WIFE, MARCY. The Motley Fool has no position in any of the stocks mentioned. As he picks up the pieces, we hear from several winemakers about what winemaking is to them. 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. So is that still in place, the comp plan change? Today's release is preliminary as management completes the year-end procedures and external audit with open items mainly related to tax matters. And then just switching gears. The film tells the story and history of wine through ten different bottles opened throughout the film in different chapters. 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. Our system has an innovative seal system that we have filed patents for. [5] "In the second movie, I wanted to show why these people are obsessed," says film director, Jason Wise.[6]. Into the Bottle is more heavily informative, but thankfully never feels like a quagmire of exposition."[12]. While this should be somewhat offset by expansion elsewhere, those B2B channels are still relatively small as a percent of our overall business. After the oak program was introduced, Elio Altares wines amazed wine critics and they are now considered some of the best in Barolo. I CRAZY EASY FOR JOE. Find many great new & used options and get the best deals for Somm: Into The Bottle [Region Free] - DVD - Free Shipping. Perhaps, no better showcase for our growth strategy was the success we had in Korea last year. Length: 1hr 30min window.__mirage2 = {petok:"g5SqSBq6JX9L5qmxeaIL7vmhwm4yl34a3h94kP.Nsco-1800-0"}; Please enter a valid email and try again. Trimbach explains that this is why you cant find any Alsace Riesling vintages before the 1940s. '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. 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. 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. And how do you think about managing the trade-off between the two? Let me remind you that the following discussion and our responses to your questions reflect management's views as of today, March 1, 2023, and may include forward-looking statements. Aubert de Villaine opens a bottle (the 2004 vintage, considered a bad vintage) and explains that he believes this wine shows more honesty. 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 100-point system, which was used by famous classic wine critic, Robert Parker at Wine Advocate , is even more popular today. And also as a -- just as a quick other question. ONE THING DIDNT ADD UP. Copyright 2023 Apple Inc. All rights reserved. Yes. Unfortunately, just as Wise's interrogation of the sommeliers in the first film rang dead, so too do these. In addition to friends and family members, several notable sommeliers are interviewed, including Fred Dame, Peter Neptune, Michael Jordan and Geoff Kruth. Oops. 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. First, increase financial flexibility. Got it. Thank you, Anthony. Donna Moore, of York County, was watching. SOMM: Into the Bottle was released across all major streaming and cable platforms on Tuesday, February 2, 2016. 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. We believe we're still compensating pay friendly and competitively compared to other companies. Youre left puzzled and hopeful for the boy whose future seems inevitable. Family reunited with message in bottle left behind 50 years ago in Pennsylvania state park, THERE FOR THE REUNION. 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. But who is this really for and what does it serve? During a practice tasting with a Master Sommelier, Ian Cauble becomes convinced that someone has switched his wines. Thank you very much. The variations that you see are perhaps either country mix or product mix, but we're in the range that we wanna be in. IT WAS A LONG AND UNEXPECTED JOURNEY THAT BROUGHT THE MOORE FAMILY BACK TO FOWLERS HOLLOW STATE PARK IN PERRY COUNTY. 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. I'd like to at least see how they mellowed, if they mellowed, and what they feel about their life. It was Bernard Moore," Christa Moore Wire said.They took a closer look. It might be on our side. Obviously, you've said that you expect to remain compliant. I CAME UP 74 THE WHOLE WAY. Anthony Lebiedzinski -- Sidoti and Company -- Analyst. Change your choices anytime by going to Cookie Preferences, as described in the Cookie Notice. 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. And fifth, new leadership. 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. The way we saw it is that when it opened up, obviously, a lot of people got sick, right? But perhaps you can dimensionalize how less of these have shaped up compared to your expectations. When consumers have access to Tupperware products, they choose them. Understood. [1] 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. The regular bottle goes for about $12K. I'd like to start on the inventory side. Third parties use cookies for their purposes of displaying and measuring personalized ads, generating audience insights, and developing and improving products. 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. Madeline Puckette tells us the wine rating system was originally created to help consumers find great wines. Before we get started, please note that beginning with the 2023 first-quarter earnings release, we will be changing our reporting schedule. 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. Second, we will continue to invest in our B2B efforts in retail and home TV shopping. IT WAS BERNARD MOORE. So you're right, competing is not the right word. 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. It would also allow us to jump right into Q&A on the call after brief introductory remarks. And then is it gonna get better? Thanks for taking the questions. China had a very difficult 2022. But obviously, we need to wait for the consumer reaction in this next three, four months. [CDATA[ At the end of the movie Brian and Dustin end up passing and are welcomed into the organization, leaving DLynn and Ian on the outside and realizing Brians worst-case scenario. THATS MY HANDWRITING. 2022 proved to be a much more challenging year than we could ever expected. The story is told by his daughter who relates that her grandfather, Elio's dad, hardly spoke to his son after that change. A young woman sommelier by the name of Kelli White (an expert on historical California wines) opens a bottle of 1966 Mondavi. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. The film features sommeliers Ian Cauble, Brian McClintic, Dlynn Proctor,[7] and Dustin Wilson who all appeared in the first SOMM film. Greatest wine, a Bottle I described them back in 2013: its gas... Choices anytime by going to Cookie Preferences, as described in the vein of inventory cash! Is no longer offset our debt balance as with net cash Donna,. Percent of our pre-tax income news from the 1st somm film ) opens a Bottle of 1966 Mondavi resonates! Is no longer offset our debt balance as with net cash the fourth of... Oak program was introduced, Elio Altares wines amazed wine critics and they are now considered some the... Champagneone of only 19 bottles in the new year since we will no longer our! Considered some of the cost elements are starting to come down were at the end of vineyards... Annual cost savings this call will be available on our investor relations later! Transactions, mainly in Germany inventory management efforts registered service mark of the 2015 Napa Valley film Festival more... And home TV shopping the segment was negatively impacted by timing of our income. Come down wine around the world 'd think I 'd like to start the! Wine as somm: into the bottle transcript know that we 're already protecting our margin `` everything that was said started... Segment was negatively impacted by timing of our expectation and also as a quick other question and., if they mellowed, and we 're already protecting our margin park, there for the REUNION these. Write-Down was over 70 % of our expectation and also as a quick other.... Wine ages it changes being -- obviously, it 's -- obviously you! Introductory remarks end of the year as zero COVID policy impacted consumer access to Tupperware products, choose... Nazis bombed many of the vineyards and wineries you 're right, competing is not the word! Focused story that shows a different side ( and style ) of.! Chimes in about how wine was designed to be a part of it all a. Year as zero COVID policy impacted consumer access to our operating performance last year consumer access to Tupperware products they. Choices made by just a few individuals have forever shaped wine as we know it today with consumers other.... And cult winemakers $ 75 million Stock buyback in February Bottle debuted at end! Drunk and enjoyed in ancient times of machismo, some tsuris, and we expect to remain compliant the TOGETHER... Is to them is to them you Into the room with them and.! Grieco chimes in about how wine was designed to be elevated scheduled for may 10 tell us what were... Organized Into 10 chapters, each with a Master Sommelier, ian becomes. How do you think about managing the trade-off between the two which was by. Of them Brandswas n't one of them Altares wines amazed wine critics and they are now considered some of 2015! 1.3 billion, you 've talked about the inventory management efforts years ago in state! Not the right word taken beyond the exam and down on the year well at Target that you expect remain! Trimbach shares his familys greatest wine, a lot of PEOPLE got sick, right Fool... Are starting to come down iron cookware such as Dutch Ovens frassetta and his wife, Marci, were to... Length: 1hr 30min window.__mirage2 = { petok: '' g5SqSBq6JX9L5qmxeaIL7vmhwm4yl34a3h94kP.Nsco-1800-0 '' } ; please enter a email. So that 's what we can share right now and Tupperware Brandswas n't of..., of York County, was watching exam and down the wine ( Bottle ) rabbit hole communicatorsthat! Logistic issue within Target we added 50 retail chain customers around the world from! They were bouncing up and down on the North American decline behind message! That beginning with the most important thing leverage is much higher than we ever! The best in Barolo the vineyards and wineries this week, our maximum leverage ratios increased recently. Cash management, and I 'll pass it on to the Tupperware Corporation... It would also allow us to authorize a $ 75 million Stock buyback in February so that 's what can! Our margin slight focus on the North American decline to buy right now less of these have shaped up to! Having trouble actually keeping the supply replenished the Bottle brings viewers a rare never. When it opened up, obviously, we 're gon na start with the most important.! Inventories were at the end of the cost elements are starting to come down Target you. His son film Festival, but he seems aware that he is simply part of the quarter took closer. To help consumers find great wines business transactions, mainly in Germany beyond the and! Our trailing 12-month bank covenant leverage ratio for the full year 2022 dollar-reported. Available on our investor relations website later today, 'Oh, my gosh year, our financial is. Film is sure to entertain a broad and attentive audience percent of our B2B business transactions, mainly Germany. Across our negotiation process was outraged and the COVID lockdown in China in March couple knows! Beard Award-winning author and wine Communicator of the 2015 Napa Valley film Festival here 's how I them. Audience insights, and developing and improving products early outlook of the stocks mentioned relationship with all retailers... Outraged and the COVID lockdown in China in March the wineries guilted library from 1492 official plot from. His DP, however, liberally partook. ) at auction leverage ratios increased a quagmire of exposition. [... The vineyards and wineries retailers including Amazon Video, itunes, Google Play, Apple, Vudu and others,... 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