The company's recent $0.02 beat was supported by an unusually low tax rate ($0.02-0.03) as well as expanded marketing and promotional initiatives. Operating profit missed consensus expectations. Given the low quality nature of the 1QFY13 beat, our continued conviction in our thesis, and consensus continuing to show unwarranted faith in Olive Garden sales rebounding, we retain a negative view of Darden's stock at these levels. Howard Penney Managing Director Rory Green Analyst