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Best Buy on Thursday forecast second-quarter sales above Wall Street estimates after beating quarterly expectations on steady smartphone and gaming console demand as well as growth in its ads and ‌marketplace channels.

Shares of ⁠the U.S. ⁠electronics retailer rose 8% in early trading. They are down about 10% over the past 12 months.

CEO Corie Barry is ​set to step down at the end of October and will be succeeded by Jason Bonfig, a company veteran ​who is expected to focus on expanding its higher-margin advertising and marketplace businesses.

Best Buy has doubled down on offerings such as Geek Squad support and paid memberships, with Switch 2, PS5 and Xbox, AI glasses and ​health wearables supporting demand.

May sales rose at a high-single-digit pace but ⁠are expected to ‌slow to about 1% in the current quarter following last year’s strong Nintendo ​Switch 2 launch. ​The outlook is still stronger than analysts’ expectation of a 0.4% decline.