Target (NYSE: TGT) shares nearly doubled in 2019 as investors cheered good news on both the sales and profitability fronts. Not only did the retailer achieve some of its fastest customer traffic growth in over a decade, but it returned to margin expansion as customers enthusiastically paid up for convenient ultra-fast fulfillment offerings like same-day delivery.
Yet investors' mood soured on the stock in recent weeks after Target warned that its holiday-quarter results will include a sharp growth slowdown. On Tuesday, we'll find out some key details about that slump, including whether management thinks it will carry over into early 2020. Let's take a closer look.
Image source: Target.
Source Fool.com