The results: Adidas continues to close the gap on rival Nike after its Q4 sales jumped 19% YoY at currency neutral rates to 5.97 billion euros ($6.34 billion), outpacing the 5.72 billion euros ($6.17 billion) that analysts expected. The company delivered double-digit growth across all regions.

• Full-year currency-neutral sales grew 12%, and operating profit improved by more than €1 billion to €1.337 billion ($1.48 billion).
• CEO Bjorn Gulden said the results were “much better than we had expected.”