分析：达能美国业务表现拖累业绩

Core Viewpoint - HSBC analysts reported that Danone's fourth-quarter performance was strong when excluding its U.S. operations, although North American dairy sales remained flat, indicating a challenging start for several of its businesses this year [1] Group 1: Performance Analysis - Danone's North American dairy sales were essentially flat, which analysts believe will offset the benefits from stable performance in Europe and potential improvements in some emerging markets [1] - The company's performance in North Asia's specialized nutrition business may normalize due to declining birth rates [1] Group 2: Stock Performance - The stock price remained stable, trading at €72.08 [1]