Retail prices are poised to increase and U.S. consumers will be seeking “value” in the fall season, Ross Chief Executive Jim Conroy said Thursday as the company reported quarterly earnings. When they do, Ross, with its loyal customer base shopping at Ross Dress for Less and DD’s Discounts stores, will be ready, Conroy said.

Ross Stores expects third-quarter profit of $1.31 to $1.37 per share, below estimates of $1.47, but it targets a profit of $1.74 to $1.81 per share for the key holiday quarter, which was above estimates of $1.69.

Ross Stores, Inc. ROST reported second-quarter fiscal 2025 results with earnings beating the Zacks Consensus Estimate, though sales fell slightly short. Net sales rose compared with the prior year, but earnings per share declined.