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    Yasmin Daswani

    Research Analyst at Bank of America

    Yasmin Daswani is an Analyst at Bank of America, specializing in equity research with a focus on the food sector. She has covered companies such as Smithfield Foods Inc and Lamb Weston Holdings Inc, regularly participating in earnings calls to provide insights and analysis. Daswani's recent professional activities indicate her coverage is centered on key players within the food and consumer packaged goods industries, though detailed performance metrics and rankings are not publicly available. Her current role at Bank of America commenced within the past several years; however, information regarding previous firms, career milestones, or professional credentials such as FINRA registration and securities licenses is not readily documented.

    Yasmin Daswani's questions to SMITHFIELD FOODS (SFD) leadership

    Yasmin Daswani's questions to SMITHFIELD FOODS (SFD) leadership • Q1 2025

    Question

    Yasmin Daswani from Bank of America asked how the continued compression in implied spreads for Fresh Pork processing is expected to impact the segment's profitability in the second quarter.

    Answer

    CFO Mark Hall acknowledged that seasonal spread compression is expected in Q2 and Q3 but stated that the company is less bound by industry spreads due to cost structure improvements and a focus on value-added products. President of Fresh Pork Donovan Owens emphasized that significant efficiency gains from automation are helping to offset market pressures. President & CEO Shane Smith also added that the later Easter delayed some Fresh Pork promotional activity, which should provide a lift in May and June.

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    Yasmin Daswani's questions to SMITHFIELD FOODS (SFD) leadership • Q1 2025

    Question

    Yasmin Daswani from Bank of America asked about the impact of continued compression in Fresh Pork processing spreads on the segment's expected profitability for the second quarter.

    Answer

    CFO Mark Hall acknowledged that seasonal spread compression is expected in Q2 and Q3. However, he and Donovan Owens, President of Fresh Pork, emphasized that the company is less bound by industry spreads due to significant efficiency gains from automation and a focus on a better cost structure. Owens added that the current outlook for Fresh Pork profitability already factors in this dynamic and that they are optimistic about their cost structure's ability to mitigate the impact.

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    Yasmin Daswani's questions to Lamb Weston Holdings (LW) leadership

    Yasmin Daswani's questions to Lamb Weston Holdings (LW) leadership • Q3 2025

    Question

    Yasmin Daswani from Bank of America inquired about the drivers for reduced potato acreage in the Columbia Basin and the potential bottom-line impact of lower potato prices.

    Answer

    CEO Mike Smith attributed the acreage reduction to a combination of soft market demand and high finished goods inventory levels, which reduced the need for raw potatoes. He noted it was too early to determine the net P&L impact of lower potato prices, as customer negotiations have not yet begun and other input costs remain inflationary.

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