The Company’s effective income tax rate was 37.7% for the first quarter of fiscal year 2012 as compared to an 80.5% effective tax rate for the prior year period. The difference is primarily attributable to the non-deductible acquisition-related costs recognized in the first quarter of fiscal year 2011 related to the Van Houtte acquisition
Agree. If you read the report carefully not only is there EPS guidance down for Q2 but also there revenue guidance is below what the street was expecting. Should open down a bit. But, perhaps with the big beat it won't fall too far.