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Target Expects Significant Profit Growth in 2020

TheMotleyFool

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Target Expects Significant Profit Growth in 2020Photo, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png

Target (NYSE: TGT) removed some of the mystery from its fourth-quarter report when the retailer shared holiday-season sales figures in mid-January. As a result, investors already expected sales growth to slow significantly when compared to the pace Target enjoyed through most of 2019.

But its actual results on Tuesday were still packed with plenty of important news for shareholders, including management's official outlook for 2020. Let's take a look.

Image source: Getty Images.

Source Fool.com

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