The results exceeded our expectations as we exited the quarter with a 10% category market share. That's us,'" Leonard Moore said.One thing didn't add up. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Third, the new product introductions. 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. A look at the SOMM: Into the Bottle behind-the-scenes crew and production team. In the Ruinart Champagne cellar with chef de cave, Frdric Panaotis. Added to that, Brazil is pursuing opportunities in e-commerce, loyalty programs, Tupperware stores, premium brand partnerships, and retail B2B. THATS US. How many people understand how wine is produced? [7] Review aggregation website Rotten Tomatoes gives the film a score of 79% based on reviews from 24 critics, with an average rating of 6.7/10. We feel that we're already protecting our margin. The follow up to writer/director Jason Wises 2013 cult-hit SOMM. Our story Email Us Call Us: 248.387.9826, USA TODAY • L.A. Times • CBS Detroit • Crains Detroit Business • Corp Magazine. I think it's for us is a learning and it's balancing. The variations that you see are perhaps either country mix or product mix, but we're in the range that we wanna be in. Steve Matthiasson looks into a pile of wreckage that used to be an entire vintage of his wine. WOULD YOU LIKE TO SEE IT? 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 Madeline Puckette talks about Robert Parker. Do you like food? Our excitement in general was dampened by a February conflict in Europe and the COVID lockdown in China in March. The decrease is primarily due to higher manufacturing variances and inefficiencies due to the lower sales volume, higher resin costs, and other inflationary pressures, as well as adverse product mix, partially offset by the benefit from price increases. SOMM: Into the Bottle brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers. 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. So actually, it was last week in China. Here are the chapters into which the film is divided. "And I said, 'Oh, my gosh. SOMM: Into the Bottle Official Trailer 1 (2015) - Wine Documentary HD Rotten Tomatoes Indie 2.18M subscribers Subscribe Share Save 104K views 8 years ago Subscribe to TRAILERS:. 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. However, given this relative inexpensive price point, we found that we were attracting more discount buyers with lower retention to the brand. A third film, SOMM 3, released in 2018. Change your choices anytime by going to Cookie Preferences, as described in the Cookie Notice. OH, YEAH, THAT. JOE FOR SANTA SPOTTED A GLASS BOTTLE HERE WITH A DECADES OLD MESSAGE INSIDE IT. That way, everyone will have plenty of time to digest the news and update models before the call. So you're right, competing is not the right word. THE MOORES CALL IT A MIRACLE TO ONCE AGAIN CATCH YOUR CHERISHED MEMORIES OF DAYS GONE BY. HOW ABOUT THAT? Thanks for that. Good morning, everyone. Every year, over 500 billion single-use plastic bags are used worldwide, which is over 1 million bags every unit. Invest better with The Motley Fool. The viewer gets nothing. We left wondering how it tasted. We're ahead of our expectation and also Target's expectations in our initial offers with them. 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. It was Bernard Moore," Christa Moore Wire said. So you'd think I'd be happy that Wise shifts his lens away from them. Who is responsible for the wine program. Our entry into small appliances was highlighted with air fryer. Pricing accounted for an 8% benefit, which was more than offset by a decline in unit volume of approximately 22%. "[9] Decanter Magazine said, "This fascinating film is sure to entertain a broad and attentive audience. Just wanted to confirm if that's still the case. Greg La Follette (Mendocino), Carole Meredith (Napa) and Andr Ostertag (Alsace) admit that their job is more like that of a caretaker. AND 50 YEARS LATER, IT BRINGS BACK MEMORIES. '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. Now that the government has reversed course, we expect the business in China to improve as the year progresses. 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. This, along with an improved service, should growth toward the second half of the year. Thus, America sales increased 10% in local currency, driven primarily by Argentina, from a larger total and active sales force, including from higher retention, higher productivity, as well as higher prices due to inflation. THATS MY HANDWRITING. IT WAS BERNARD MOORE. Directors Jason Wise Starring Ian Cauble, Fred Dame, Geoff Kruth Genres Documentary It was a long and unexpected journey that brought the Moore family back to Fowlers Hollow State Park on Tuesday. We remain committed to rightsizing the business in further manufacturing and supply chain optimization. A young woman sommelier by the name of Kelli White (an expert on historical California wines) opens a bottle of 1966 Mondavi. Dlynn Proctor drinks a 100-point wine and describes it. 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. What goes on in the cellar? [1] Directed by Jason Wise, it premiered at the Napa Valley Film Festival[2] and featured the main cast from the original SOMM film as well as additional notable people from the wine world.[3]. So sit back, open a bottle and enjoy as we take you "into the bottle" and back again. 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. Months earlier, Joe Frassetta spotted a glass bottle there with a decades-old message inside. 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. Yes. In the summer, we hired a new executive vice president of supply chain to help us optimize our supply chain network and improve service levels. 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. Adjusted EPS was lower due to lower sales volumes and margins mentioned above, coupled with a higher adjusted tax rate than in 2021. What have you seen since they stopped the zero COVID policies? But obviously, we need to wait for the consumer reaction in this next three, four months. While this should be somewhat offset by expansion elsewhere, those B2B channels are still relatively small as a percent of our overall business. Making the world smarter, happier, and richer. Available from various digital retailers including Amazon Video, iTunes, Google Play, Apple, Vudu and others. But who is this really for and what does it serve? If you could just help us think about the tax rate here going forward. We successfully launched national distribution in 1,900 Target stores in the U.S. in early October. Do you like movies about food? [5] "In the second movie, I wanted to show why these people are obsessed," says film director, Jason Wise.[6]. For the full year 2022, dollar-reported sales declined 18% to $1.3 billion. The film tells the story and history of wine through ten different bottles opened throughout the film in different chapters. Can you tell us what inventories were at the end of the quarter? The question is open to interpretation, what should we think about ratings? If you answered yes to any of those questions, you might enjoy Eater at the Movies, a column by Joshua David Stein which examines eating and drinking on screen. Length: 1hr 30min 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? But the passage of time has rendered these characters much more interesting. For example, our 4.9 leverage ratio in the 2022 fourth quarter would have been 5.6 under the new formula. 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. Good morning, Anthony. By Brian D. Renner Jan. 25, 2016. First, improve service both in product delivery and systems reliability. - New at the best online prices at eBay! "[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". Second, we will continue to invest in our B2B efforts in retail and home TV shopping. The film studies the role of wine in human history and its relationship to the land. Best of luck, and I'll pass it on to the next caller. "[12], The film was named best documentary feature at the 2013 San Luis Obispo Film Festival. But yeah, I mean things are going well, really well for us in Target. OK. Ian Cauble (from the 1st Somm film) opens his bottle of 1985 Elio Altare Barolo and tells us the story. SOMM: Into the Bottle (2015) - full transcript The history, politics, pleasure, and BS of wine told through opening ten very different bottles. Or kind of what's the situation there? 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. Thanks, Mariela. 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. In fact, the number of our markets reporting B2B activity in 2022 was 22 markets. So we continue to prioritize our investments and balancing our decisions with our desire to delever this company and reduce debt over time. When everyone finally arrives in Dallas for the test, Dustin Wilson decides to room with another candidate named Sabato Sagaria, leaving Brian McClintic to room with Ian. 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. 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. "Oh, yeah, that's my handwriting," Donna Moore said. Movie Insider is a registered service mark of The Movie Insider LLC. 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. 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. window.__mirage2 = {petok:"g5SqSBq6JX9L5qmxeaIL7vmhwm4yl34a3h94kP.Nsco-1800-0"}; So as of today, we're confident that we will be able to operate without substantial doubt in 2023. Must Read With just three weeks left until the three-part exam (theory, service, and blind tasting), the audience begins to see the lifestyle this exam forces on its subjects. 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. And then can you just maybe give a little more color on the North American decline? By Joshua David Stein. Rowald Hepp gingerly touches a pamphlet from 1492 in the library at Schloss Vollrads in Rheingau, Schloss Vollrads (in Rheingau, Germany) has been making wine since 1200 and has produced 800 vintages. Thanks for that. One bright spot has been the adoption of our digital tool, the eTup, during the lockdowns, making China among the most advanced markets with regards of the -- to the digitalization. "Everything that was said just started to add up. For example, if it hadnt been for Prohibition (19201933) we might actually have much more Italian wine in America than French wine! Another interesting bit of history - the two World Wars put a major dent in the production of wine from France, Spain and Italy. The Master Sommelier Diploma Exam", "The Team Behind the 'Somm' Films Launched a 'SommTV' Streaming Service", "What Wine Guys Can Teach You About Being Great", "Review: 'Somm': Wine, men and one brutal test", "Raise a glass for wine documentary, 'Somm', "Sipping and Studying, When the Subject Is Bottled", "Here's the 'Somm: Inside the Bottle' Exclusive Teaser Trailer", "New Wine Film 'Somm: Into the Bottle' Is Ambitious, Dangerously Selective", "Somm 3 film review: How it compares to the first two", "Wine, Food and Travel Streaming Service Somm TV Sets 2022 Programming Slate, Including Covid Documentary 'Saving the Restaurant', "Esquire Network Unveils 2015 Upfront Lineup Bolstering Original Programming with Five New Series", https://en.wikipedia.org/w/index.php?title=Somm_(film)&oldid=1112508764, This page was last edited on 26 September 2022, at 17:47. MY NAMES LEONARD MOORE. AND I SAID, OH, MY GOSH. We took a hit on sales, but now we have a solid foundation to build a profitable, sustainable business. "And I said, 'Oh, my gosh. All told, they seem to have aged well. Through the eyes of the world's greatest somms and winemakers, 'Somm: Into the Bottle' raises the curtain on the seldom-seen world that surrounds the wine we. Kelli White inspects a glass of Mondavis first vintage: 1966. Show. Too short to portraits, too long to be soundbites, there but glimpses of greatness and, of course, bottles full of it, too. The film is organized into 10 chapters, each with a focused story that shows a different side (and style) of wine. Therefore, we will expect meaningfully higher interest expenses in 2023 than what we reported in 2022. We start to realize that sommeliers preferences are very different than regular wine drinkers. And there they were drinking a bottle of wine that was over 145 years old! The history, politics, pleasure, and BS of wine told through opening ten very different bottles. 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 story is told by his daughter who relates that her grandfather, Elio's dad, hardly spoke to his son after that change. [6], The film received mostly positive reviews. 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. Thank you very much. I appreciate that color. Excluding unfavorable currency exchange, sales declined 14%. Doug Lane -- Vice President, Investor Relations and Strategy. Is open to interpretation, what should we think about ratings and also Target 's in!, somm: into the bottle transcript, pleasure, and richer call it a MIRACLE to ONCE AGAIN CATCH your CHERISHED MEMORIES DAYS! 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