Pinched U.S. consumers sought Ross Stores Inc.’s off-price offerings, leading the discount retailer to project sales growth for the rest of the year despite ongoing economic uncertainty. Retail prices are poised to increase and U.

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.