The company has reported top and bottom-line third-quarter results that topped analysts’ expectations.

The nation’s largest consumer electronics retailer also reiterated its outlook for the holiday quarter and raised its full-year outlook even as demand has softened across most of its categories, with the biggest drops in computing and home theatre products. And the chain is seeing the interest in sale events that other retailers are experiencing heading into the holidays.

“Value clearly matters to everyone,” Best Buy CEO Corie Barry said on the company’s earnings call. “The promotional environment continues to be considerably more intense than last year.”

“Throughout the quarter, we were committed to balancing our near-term response to current conditions and managing well what is in our control, while also advancing our strategic initiatives and investing in areas important for our long-term growth,” stated Barry in the company’s earnings release. “We have strategically and effectively managed our inventory flow based on a shopping pattern that we believe looks more similar to historical holiday periods, with customer shopping activity concentrated on Black Friday week, Cyber Monday and the two weeks leading up to December 25.”