Best Buy forecast second-quarter sales above Wall Street estimates and beat first-quarter earnings expectations on steady demand for smartphones and gaming consoles.
Shares rose nearly 10% before the bell. They are down about 10% over the past year.
CEO Corie Barry will step down in October, succeeded by Jason Bonfig, who will focus on higher-margin advertising and marketplace businesses.
Best Buy is pushing Geek Squad and paid memberships, with Switch 2, PS5, Xbox, AI glasses, and health wearables driving demand.
Comparable sales rose 2% in the quarter ended May 3, rebounding from a 0.7% drop a year earlier and above analysts' expectation of about 1%.
