YEAH. By the end of the program, we expect to realize more than $60 million in annual cost savings. By Joshua David Stein. While it's still early days, these initiatives help validate that our growth strategy to expand the consumer access to our products beyond the direction of distribution channel. 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. It covers ten different chapters using ten different wines that are opened throughout the film. 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. DONNA MOORE WAS WATCHING. 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. When you buy through links on our site, we may earn an commission. AND 50 YEARS LATER, IT BRINGS BACK MEMORIES. 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. In the Ruinart Champagne cellar with chef de cave, Frdric Panaotis. Thanks, Miguel. [3] Family reunited with message in bottle left behind 50 years ago in Pennsylvania state park, THERE FOR THE REUNION. He shared it with News 8, hoping to find who left it behind. Looking forward to seeing you in three months. It received 100 points and DLynn Proctor opens it. Therefore, we will expect meaningfully higher interest expenses in 2023 than what we reported in 2022. We expect that the improving economic profile we began to see in Q4 will sustain in 2023. China had a very difficult 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. Yes. "[9] Decanter Magazine said, "This fascinating film is sure to entertain a broad and attentive audience. But market conditions there remain uncertain. Viewers are taken beyond the exam and down the wine (bottle) rabbit hole. Adjusted EPS was lower due to lower sales volumes and margins mentioned above, coupled with a higher adjusted tax rate than in 2021. Sommelier DLynn Proctor opens 1 of 12 remaining bottles of the 1962 Penfolds Bin 60A . Obviously, the return on sales, and the profit, and the margins in the U.S. look much better right now than they used to look six months ago. 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. JUST SOMETHING A FAMILY DID ON A LARK ON A FAMILY VACATION. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. And the ones that we haven't taken or we traditionally take less than 5%, we're gonna take less than 5%. "They were bouncing up and down on the chairs. And sorry, just one last one, and I apologize for being a hog. What-- What is a sommelier? Have you seen any incremental improvement? Fifty years ago. We remain committed to rightsizing the business in further manufacturing and supply chain optimization. // [CDATA[ We will simultaneously publish a management commentary on our website. The Motley Fool has no position in any of the stocks mentioned. [4] The chapters include The Winemaker, The Vintage, The History, The Wars, The New World, The Cost, The Barrels, The Point Scores, The Sommelier, and The Memory. 53 /// 2020] Good morning, everyone, and welcome to our fourth-quarter call. An echo resonates in a dingy cellar after a bottle of 1969 Dom Ruinart champagneone of only 19 bottles in the worldis popped. So you're right, competing is not the right word. 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. I assiduously noted the many winemakers interviewed because to a man or woman, each seemed charming and dedicated and intriguing. 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. As you may imagine, selling products into retail chain is a very different proposition from operating a direct selling distribution model. [9] The LA Times' critic Kenneth Turan called the film "glib but ultimately engaging. I SHARED IT WITH NEWS 8, HOPING TO FIND WHO LEFT IT BEHIND. Do you like movies about food? 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. Got it. "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. Best of luck, and I'll pass it on to the next caller. Additional disclosures regarding these non-GAAP measures, including explanations and reconciliations of these measures to the most comparable GAAP measures, can be found in today's press release. But who is this really for and what does it serve? You will want a glass in your hand to watch this film.. I believe on the pricing side, you've mentioned further price increases expected in '23. The latest breaking updates, delivered straight to your email inbox. 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. By region, Asia Pacific declined 19% in local currency mainly related to lower recruiting and overall sports activity. AND I SAID, OH, MY GOSH. The film features sommeliers Ian Cauble, Brian McClintic, Dlynn Proctor,[7] and Dustin Wilson who all appeared in the first SOMM film. Can you just kind of comment on kind of what you're seeing on that side of things? THE MOORES CALL IT A MIRACLE TO ONCE AGAIN CATCH YOUR CHERISHED MEMORIES OF DAYS GONE BY. And the other big change came from the little guys, so the guys that are just beginning. Available from various digital retailers including Amazon Video, iTunes, Google Play, Apple, Vudu and others. 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. Got it. Added to that, Brazil is pursuing opportunities in e-commerce, loyalty programs, Tupperware stores, premium brand partnerships, and retail B2B. 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 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. Appreciate the color. 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. @WineFolly. SOMM: Into the Bottle raises the curtain into the seldom seen world that surrounds the wine we drink. Pricing accounted for an 8% benefit, which was more than . 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. Thank you, Miguel. Into the Bottle is more heavily informative, but thankfully never feels like a quagmire of exposition."[12]. Interest expense decreased by $3.5 million in 2022 to $31.7 million. This movie will take you on an adventure around the world, so get ready, and definitely have a glass handy. So sit back, open a bottle and enjoy as we take you "into the bottle" and back again. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Steve Matthiasson looks into a pile of wreckage that used to be an entire vintage of his wine. Excited to spend into new channels of distribution, I'm cautiously optimistic that the surge of inflation in 2021 was behind us. You know, 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. To learn more about how and for what purposes Amazon uses personal information (such as Prime Video Watch History), see our Privacy Notice. In Mexico, we will introduce new products in our core food storage categories, such as packable freezer mate and cold savers, as well as one-touch fresh food storage containers with easy-to-close and open lids, which is one of our newest global products. When we exclude those write-downs, the write-down was over 70% of our pre-tax income. 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? Miguel Fernandez -- President and Chief Executive Officer. ), Throughout the chapters, some tics become apparent. 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