Best Buy (NYSE: BBY) shares increased more than 5% on Tuesday after the retailer reported better-than-expected fiscal third-quarter results and raised portions of its fiscal 2026 outlook.

The company posted EPS of $1.40, topping the $1.30 analyst consensus. Revenue reached $9.67 billion, above expectations of $9.57 billion. Enterprise comparable sales climbed 2.7%, supported by 2.4% domestic comp growth and a 3.5% increase in online sales. International comparable sales advanced 6.3%. Adjusted operating income represented 4% of revenue.

The company raised its full-year EPS outlook to $6.25 to $6.35, up from prior guidance of $6.15 to $6.30, and above the $6.26 Street estimate. Best Buy also lifted its revenue forecast to $41.7 billion to $42 billion, from a prior $41.1 billion to $41.9 billion, compared with the $41.8 billion consensus.

Comparable sales are now expected to increase 0.5% to 1.2%, improving from prior expectations of a 1.0% decline to 1.0% growth. The company maintained its adjusted operating income rate outlook of approximately 4.2%.