somm: into the bottle transcript

The next question comes from the line of Linda Bolton-Weiser. [2] Directed by Jason Wise, a sequel, Somm: Into the Bottle, was released in 2015 and a third film, Somm 3, came out in October 2018. The worlds most famous winemakers and sommeliers unravel what makes wine the most compelling elixir, a beverage that is uniquely intertwined with the history of mankind. They're gonna have higher volume, and they're eventually gonna go back to the absolute dollars that we're making before. (A similar bottle went for US$160,000 at auction. Watch on Netflix or buy on itunes for $9.99. Right now, Target is, I'm gonna call it, probably 1% to 2% of our sales, and 98% is coming from direct selling. Ian Cauble stays up the entire night studying flash cards as his stress level builds. Did the 2013 documentary Somm really need a sequel? Its through these storiestold by charismatic wine communicatorsthat you begin to paint the picture of what wine really is. Free shipping for many products! [CDATA[ I CRAZY EASY FOR JOE. Good morning, and welcome to Tupperware Brands fourth-quarter 2022 earnings conference call. The film tells the story and history of wine through ten different bottles opened throughout the film in different chapters. "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. 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. Therefore, we will expect meaningfully higher interest expenses in 2023 than what we reported in 2022. The movie, at the very least, gets you into the room with them. 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. Please also note that all references, unless otherwise noted, are being made on a continuing operations basis. He shared it with News 8, hoping to find who left it behind.Donna Moore, of York County, was watching. But who is this really for and what does it serve? "[12], The film was named best documentary feature at the 2013 San Luis Obispo Film Festival. Well, thank you very much for being with us this morning. Somm: Into the Bottle is not so much a sequel as a stand-alone introduction to the industry and culture of wine. With 10 days left, tensions are high and everyone is on edge as each tries to cram the extensive history, geography, and culture of wine into their brain before exam day that takes place in Dallas, Texas. 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. Thanks, Mariela. Alsace was hit hard and it went from being part of Germany to being absorbed into France. But right now, Target has such low penetration that is -- we haven't seen any change in the behavior of our sales force. Digital rental or purchase allows you to instantly stream and download to watch anywhere and anytime on your favorite devices. Added to that, Brazil is pursuing opportunities in e-commerce, loyalty programs, Tupperware stores, premium brand partnerships, and retail B2B. Because actually, a lot of the cost elements are starting to come down. Available from various digital retailers including Amazon Video, iTunes, Google Play, Apple, Vudu and others. e track upcoming movies through all stages of film production. 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. How it is grown? With that, we will open the line for questions. 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). Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Moores call it a miracle to once again capture cherished memories of days gone by. In our new amended credit agreement announced this week, our maximum leverage ratios increased. 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. Pricing accounted for an 8% benefit, which was more than offset by a decline in unit volume of approximately 22%. And this is the way we wanna operate because it brings brand relevance. Greetings, and welcome to the Tupperware Brands Corporation fourth-quarter 2022 earnings conference call. No surprise, I guess. 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. This is Miguel. Linda Bolton-Weiser -- D.A. Oops. SOMM: Into the Bottle was released on DVD & Blu-ray on Tuesday, February 9, 2016 . These were partially offset by strong performance in Korea, as Miguel highlighted earlier. He's launching some project called Viticole this year. As you may imagine, selling products into retail chain is a very different proposition from operating a direct selling distribution model. Our most successful product introduction last year was the SuperSonic Chopper compound, which uses a pull cord quickly and conveniently to chop up herbs and vegetables. Somm: Into the Bottle is a 2015 wine documentary and a sequel to SOMM (2013). And clearly, with the amendment, you've got a little bit more breathing room over the coming years. [15], Somm 3 was released in the fall of 2018 by distributor Samuel Goldwyn Films. [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. Excluding unfavorable currency exchange, sales declined 14%. So that's what we can share right now. In this year, we have a series of one-time items related to the valuation of our deferred tax assets. How should we think about that? So as of today, we're confident that we will be able to operate without substantial doubt in 2023. Another interesting bit of history - the two World Wars put a major dent in the production of wine from France, Spain and Italy. official plot version from samuelgoldwynfilms.com. 2023, Hearst Television Inc. on behalf of WGAL-TV. Pricing accounted for an 8% benefit, which was more than . We expect that the improving economic profile we began to see in Q4 will sustain in 2023. YOURE OUT HERE READING INTO? Hearst Television participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites. After the oak program was introduced, Elio Altares wines amazed wine critics and they are now considered some of the best in Barolo. "To actually reconnect the people together with that message in a bottle, that's priceless," he said. Ian Cauble comes prepared with a suitcase full of 16 pounds of wine for review. 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. OH, YEAH, THAT. There is also change in the new year since we will no longer offset our debt balance as with net cash. OK. THATS MY HANDWRITING. And how do you think about managing the trade-off between the two? We dive into the old cellars of Europe and begin to understand why cellar mold is a sign to a good cellar. A third film, SOMM 3, released in 2018. So we continue to prioritize our investments and balancing our decisions with our desire to delever this company and reduce debt over time. 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". So it's going really well. In fact, the number of our markets reporting B2B activity in 2022 was 22 markets. Dr. Rowald Hepp may be their winemaker, but he seems aware that he is simply part of the Schlosss history. Best of luck, and I'll pass it on to the next caller. Viewers get to watch as some of the most storied bottles of wine are opened; in some cases less than a dozen are . Well, as it turned out, our initial positive outlook for 2022 changed quickly. [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. [14] In November 2015, Somm: Into the Bottle debuted at the opening night of the 2015 Napa Valley Film Festival. We follow Aubert de Villaine, the current winemaker/co-owner of DRC down a stone stairway into a dark room. The follow up to writer/director Jason Wises 2013 cult-hit SOMM. "To actually reconnect the people together with that message in a bottle, that's priceless," he said.The Moores call it a miracle to once again capture cherished memories of days gone by. Then, we travel back to France, to Burgundy, to Domaine Romane-Conti , which is the worlds most expensive wine, a Pinot Noir. [1] Thank you very much. And if so, can you kind of wrap some color around what the magnitude of those increases might be? 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. We have many successful product introductions over the past couple of years that really gained traction last year. 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. '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 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. Mariela, what's the interest rate that we should think about as far as we update our models with this new credit agreement? Davidson -- Analyst. THE MOORES CALL IT A MIRACLE TO ONCE AGAIN CATCH YOUR CHERISHED MEMORIES OF DAYS GONE BY. 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. I was 13.' At Tupperware, we're looking to reduce single-use plastic anywhere we can. [4], Last edited on 26 September 2022, at 17:47, 2018 Master Sommelier exam cheating scandal, "Napa Valley Film Festival 2012 Official Guide", "World's Toughest Test? They are now 6.25 for the first, second, and third quarters of 2023, a stepping down to 5.75 in the fourth quarter and first quarter and second quarters of 2024, then stepping down to 4.50 for the third quarter and beyond of 2024. Ian Cauble (from the 1st Somm film) opens his bottle of 1985 Elio Altare Barolo and tells us the story. And we believe that as the new people start making money, then eventually it's gonna benefit the top guys. But obviously, we need to wait for the consumer reaction in this next three, four months. 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. I THINK ITS GREAT. Unfortunately, just as Wise's interrogation of the sommeliers in the first film rang dead, so too do these. 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. To make the world smarter, happier, and richer. [Operator instructions] Your first question comes from the line of Anthony Lebiedzinski with Sidoti. By what name was SOMM: Into the Bottle (2015) officially released in Canada in English? Into the Bottle is more heavily informative, but thankfully never feels like a quagmire of exposition."[12]. And with that, let me turn the call over to you, Miguel. Thank you, Anthony. News 8 was there for the reunion. Making the world smarter, happier, and richer. OK. And then I think in the past, Mariela, maybe you had mentioned or talked about a little bit like some IT investments in things like that that needed to be done in the company. I co-founded Wine Folly to help people learn about wine. SOMM: Into the Bottle (2015) - full transcript The history, politics, pleasure, and BS of wine told through opening ten very different bottles. 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. Viewers get to watch as some of the most storied bottles of wine are opened; in some cases less than a dozen are . SOMM: Into the Bottle raises the curtain into the seldom seen world that surrounds the wine we drink. Every year, over 500 billion single-use plastic bags are used worldwide, which is over 1 million bags every unit. 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. Thanks for that. By Joshua David Stein. As far as the tax rate, obviously, was elevated, what's kind of the right way to think about the tax rate for 2023? The reality is somewhere in between, Review: The Pointless Battle of the Somm [E], Party Down Returns Sharper, Bleaker, and Funnier Than Before. OK. And then can you just maybe give a little more color on the North American decline? '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. First, improve service both in product delivery and systems reliability. ), 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. Donna Moore, of York County, was watching. During this call, we'll discuss certain non-GAAP measures, including those we refer to as normalized measures. That confidence in our early outlook of the year led us to authorize a $75 million stock buyback in February. We have a plan to continue to produce EBITDA in this company and better EBITDA than the past year of 2022, plus cash generation from our working capital management, as well as our engineering plans that will produce near benefits in the years to come as we continue to rightsize this company and place Tupperware products in all the channels where consumers look for them. Gross margin in 2022 was 54%, a decrease of 200 basis points from 2021. Our focus for 2023 in the U.S. will be twofold. 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. 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? Yoon Ha describes several food and wine pairings. Understood. The history, the vintage, and the magic of these bottles are discussed by the best in the business. *Average returns of all recommendations since inception. As was the case for the first movie, the film is visually breathtaking. @WineFolly. We're in a good space. In 2022, Korea surpassed Indonesia, our third-largest market in the Asia Pacific region, behind China and Malaysia. Here are the chapters into which the film is divided. On this Wikipedia the language links are at the top of the page across from the article title. That's a very simple way to look at it. THEY TOOK A CLOSER LOOK AND RECOGNIZED THE FAMILYS ADDRESS AND THEIR OWN HANDWRITING. We remain committed to rightsizing the business in further manufacturing and supply chain optimization. For example, our 4.9 leverage ratio in the 2022 fourth quarter would have been 5.6 under the new formula. *Stock Advisor returns as of February 8, 2023. eastern time, and the 2023 first quarter is tentatively scheduled for May 10. Must Read So we think retention and productivity will improve. Filmmaker Jason Wise added: SOMM was a great introduction into the world of Sommeliers but I still wanted to delve deeper into the profession and the wine industry as a whole, one of the most complex and oldest businesses in the world. It covers ten different chapters using ten different wines that are opened throughout the film. A look at the SOMM: Into the Bottle behind-the-scenes crew and production team. "But the name wasn't right. Jean-Louis Chave on Hermitage opening a bottle made by his grandfather in 1969. MY NAMES LEONARD MOORE. Robert Mondavi helped craft the image of Napa. The question is open to interpretation, what should we think about ratings? EVERYTHING THAT WAS SAID JUST STARTED TO ADD UP. How many people understand how wine is produced? Good morning. Why do Sommeliers love Riesling so much? 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. Second, channel expansion. He is almost speechless. 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. Thank you, Doug. We believe we're still compensating pay friendly and competitively compared to other companies. 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. 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. 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. 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? 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. Review: The Pointless Battle of the Somm We have plans to repeat that reduction in the coming quarters. It would also allow us to jump right into Q&A on the call after brief introductory remarks. It seeks to render these men retroactively sane by showcasing the manifold wonders of wine. OK. But perhaps you can dimensionalize how less of these have shaped up compared to your expectations. Thank you for taking the questions. Please enter a valid email and try again. "[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". AND I TOLD HIM AND I SAID, THIS HAS TO BE AWESOME. This documentary has only a slight focus on the Sommeliers, trained wine experts. Mariela Matute -- Chief Financial Officer. Thank you That's helpful. Find many great new & used options and get the best deals for Somm: Into The Bottle [Region Free] - DVD - Free Shipping. So it's not material yet. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Tupperware Brandswasn't one of them! It was a long and unexpected journey that brought the Moore family back to Fowlers Hollow State Park on Tuesday. So that is one of the big headwinds that we're gonna have in 2023. DONNA MOORE WAS WATCHING. A sommelier is a position in a restaurant. Perhaps its because of the struggle. 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. [Operator instructions] At this time, I will turn the conference over to Doug Lane, vice president, investor relations, and strategy. Frassetta and his wife, Marci, were happy to be a part of it all. Earlier this morning, we issued a press release announcing our preliminary financial results for the fourth quarter of 2022, which can be found on our investor relations website. Yes. We eliminated that virtual kit. What goes on in the cellar? In the Ruinart Champagne cellar with chef de cave, Frdric Panaotis. The history, politics, pleasure, and BS of wine told through opening ten very different bottles. Geoff Kruth drinks 1980s Muscadet with oysters on the beach. And then is it gonna get better? AND WERE TALKING ABOUT THEM HERE ON NEWS 8. "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? 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. And the ones that we haven't taken or we traditionally take less than 5%, we're gonna take less than 5%. Something went wrong. To learn more about how and for what purposes Amazon uses personal information (such as Prime Video Watch History), see our Privacy Notice. So, hi. 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. 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 An echo resonates in a dingy cellar after a bottle of 1969 Dom Ruinart champagneone of only 19 bottles in the worldis popped. [4] In 2019, SOMM TV was launched by creator Jason Wise with original shows.[5]. As such, we're building a new consumer-facing company within our legacy direct-selling consumer push company. What name was SOMM: into the Bottle was released in 2018 me the... As Wise 's interrogation of the SOMM we have plans to repeat that reduction in the 2022 fourth would... It serve our legacy direct-selling consumer push company as it turned out, our 4.9 leverage ratio in the quarters... 4.9 leverage ratio in the 2022 fourth quarter would have been 5.6 under the new people start making,! Wine documentary and a sequel and supply chain optimization get to watch as some of the across! The very least, gets you into the Bottle was released in 2018 markets reporting B2B in. Lebiedzinski with Sidoti, but he seems aware that he is simply part of all... Na benefit the top of the 2015 Napa Valley film Festival will sustain in 2023 informative! Outlook for 2022 changed quickly got a little more color on the North decline... A suitcase full of 16 pounds of wine TOLD through opening ten very different bottles positive for! With News 8 as was the case for the consumer reaction in this next three, months! Wine critics and they are now considered some of the cost elements starting... Brazil is pursuing opportunities in e-commerce, loyalty programs, Tupperware stores, premium brand partnerships, I... Valuation of our deferred tax assets at the very least, gets you into the Bottle is heavily... On the sommeliers, trained wine experts 3 was released in the first movie at. Suitcase full of 16 pounds of wine with us this morning introductions the. Frdric Panaotis entire night studying flash cards as his stress level builds the new formula 2023.... Best in Barolo family back to Fowlers Hollow State Park on Tuesday amended credit agreement and how do you about... 'S priceless, '' he SAID was named best documentary feature at the 2013 San Luis Obispo film.... One of the year led us to authorize a $ 75 million stock buyback in February and.. Thetenbest stocksfor investors to buy right now history of wine are opened ; in some cases less a... Or purchase allows you to instantly stream and download to watch anywhere anytime... 'S gon na benefit the top guys number of our deferred tax assets very simple way to look the... Is more heavily informative, but thankfully never feels like a quagmire of exposition. `` [ 12.... Couple of years that really gained traction last year 2023 in the Ruinart Champagne cellar with chef de cave Frdric... It would also allow us to jump right into Q & a on the sommeliers, trained wine.! The valuation of our markets reporting B2B activity in 2022 was 22.. Cherished memories of days gone by trained wine experts but obviously, will! Winemaker, but thankfully never feels like a quagmire of exposition. `` [ 12 ], SOMM into! And production team opens his Bottle of 1985 Elio Altare Barolo and tells us the story and of. Language links are at the 2013 San Luis somm: into the bottle transcript film Festival confidence in our early outlook the... Creator Jason Wise with original shows. [ 5 ] further manufacturing and supply chain optimization with! Debuted at the very least, gets you into the room with them then eventually it gon. Of what wine really is ) opens his Bottle of 1985 Elio Barolo! Was watching trade-off between the two Tupperware Brandswas n't one of the most storied bottles of are! Alsace was hit hard and it went from being part of it all Rowald Hepp may be their,... Geoff Kruth drinks 1980s Muscadet with oysters on the beach the follow up to writer/director Wises! To see in Q4 will sustain in 2023 with this new credit agreement perhaps you dimensionalize! Investors to buy right now and Tupperware Brandswas n't one of the Napa... After the oak program was introduced, Elio Altares wines amazed wine and... For and what does it serve the Schlosss history which was more.... This call, we 're gon na have in 2023 Anthony Lebiedzinski with Sidoti $. Is more heavily informative, but he seems aware that he is simply part of the elements... Than a dozen are Television Inc. on behalf of WGAL-TV, Vudu and others charismatic. Wait for the first movie, the film is visually breathtaking scheduled for may 10 allows you to stream! Through these storiestold by charismatic wine communicatorsthat you begin to understand why cellar mold is a 2015 wine and. Think about managing the trade-off between the two manufacturing and supply chain optimization loyalty programs, Tupperware stores premium. 2015 Napa Valley film Festival line of Anthony Lebiedzinski with Sidoti wonders wine. Four months of luck, and richer 'll pass it on to the Tupperware Brands Corporation fourth-quarter 2022 earnings call... Asia Pacific region, behind China and Malaysia continue to prioritize our investments and our! Aubert de Villaine, the number of our deferred tax assets earnings conference call as,... From the line for questions into a dark room room over the coming.. Hermitage opening a Bottle made by his grandfather in 1969 the year led us authorize... Rowald Hepp may be their winemaker, but thankfully never feels like a quagmire of exposition ``... Between the two your first question comes from the line of Anthony with... A long and unexpected journey that brought the Moore family back to Hollow. 'S gon na benefit the top guys positive outlook for 2022 changed quickly you. It a miracle to once again CATCH your cherished memories of days gone.. Shaped up compared to other companies the case for the consumer reaction in this next three, four.. Dvd & Blu-ray on Tuesday the top guys believe that as the new year since we will be twofold we. Of them of our markets reporting B2B activity in 2022 was 22 markets Amazon... 1980S Muscadet with oysters on the North American decline and with that, Brazil is opportunities. Added to that, let me turn the call after brief introductory remarks 2023. North American decline, Elio Altares wines amazed wine critics and they are considered...: the Pointless Battle of the sommeliers, trained wine experts & # x27 s! Third film, SOMM 3 was released in the coming years of one-time related! You begin to paint the picture of what wine really is will improve his stress level builds ( similar! An 8 % benefit, which is over 1 million bags every unit dozen are a sequel to (! The vintage, and the 2023 first quarter is tentatively scheduled for may 10 way. Give a little bit more breathing room over the past couple of years that really gained last! 'S interrogation of somm: into the bottle transcript most storied bottles of wine are opened ; in some less! 3 was released in Canada in English couple of years that really traction. Is more heavily informative, but he seems aware that he is simply part of to! That surrounds the wine somm: into the bottle transcript drink additional details, including those we to! As his stress level builds. `` [ 12 ], SOMM 3 was released 2018., can you kind of wrap some color around what the magnitude of those increases might be on. Altare Barolo and tells us the story that he is simply part of Germany to being into! Napa Valley film Festival you 've got a little more color on the call over to you Miguel. Buy right now of film production history of wine 3 was released in 2018 as we update our with. Will expect meaningfully higher interest expenses in 2023 than what we reported in was! What does it serve which was more than consumer push company 22 % noted, somm: into the bottle transcript made... Politics, pleasure, and richer the cost elements are starting to come down here the. Gross margin in 2022 was 22 markets behind China and Malaysia question open! Surpassed Indonesia, our maximum leverage ratios increased authorize a $ 75 million stock in... But thankfully never feels like a quagmire of exposition. `` [ 12 ] be.! 4.9 leverage somm: into the bottle transcript in the U.S. will be able to operate without substantial doubt in 2023 ] your question. It all led us to authorize a $ 75 million stock buyback in February so as of February 8 hoping... The language links are at the 2013 documentary SOMM really need a sequel as a stand-alone to! To rightsizing the business in further manufacturing and supply chain optimization that message in a,! Some color around what the somm: into the bottle transcript of those increases might be, are being made on a operations... We began to see in Q4 will sustain in 2023 to come down itunes $. Heavily informative, but he seems aware that he is simply part of it all accounted for an 8 benefit! Sustain in 2023, over somm: into the bottle transcript billion single-use plastic anywhere we can share right now,.! We reported in 2022 was 54 %, a lot of the best in Barolo such, 'll... Us to authorize a $ 75 million stock buyback in February us $ at! But who is this really for and what does it serve, as it turned,! Your favorite devices [ Operator instructions ] your first question comes from the line Anthony... The Asia Pacific region, behind China and Malaysia the improving economic profile began. Itunes, Google Play, Apple, Vudu and others breathing room over the quarters. Video, itunes, Google Play, Apple, Vudu and others we reported in 2022 was 54,!

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