Best Buy raised its profit and sales expectations ahead of the holiday shopping ramp-up on Black Friday after a strong third quarter.

Comparable-store sales at the nation's largest consumer electronics chain rose 2.7%, fueled by computing, gaming and mobile phones. It was the biggest gain in four years for the Minnesota retailer.

Shares rose nearly 6% in early afternoon trading.

Best Buy's CEO Corie Barry told reporters on a call Tuesday that the chain is making sure that it has a broad range of products across all price points. That breadth of assortment has helped the chain pick up more lower income shoppers, she said.

“The consumer is not a monolith,” Barry told reporters. “Generally, what we are seeing (is) a generally resilient consumer. They are deal-focused, so definitely lookin

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