Best Buy, the biggest U.S. electronics chain, reported an unexpected increase in quarterly sales and said it expected consumer spending to remain strong this quarter, sending its shares up nearly 15%.
The company said revenue rose 0.8% to $8.53 billion in the second quarter from a year earlier.
Analysts on average had expected $8.29 billion, or a decline of 2%.
Best Buy said U.S. sales rose for the fourth straight quarter, accounting for nearly 93% of the total.