Due to multiple macroeconomic pressures, some high-profile footwear makers and retailers have struggled heavily in 2023. (NYSE: NKE) stock has fallen roughly 15% year to date. Meanwhile, Foot Locker (NYSE: FL) has fared even worse and seen its share price plummet roughly 45% across the stretch.

Which of these consumer goods stocks is the better buy right now? Read on for a look at the pros and cons of investing in each stock and a definitive verdict on which stock is likely to be a better long-term performer for your portfolio.

On the heels of some big sell-offs, Foot Locker stock is looking quite cheap by some metrics. The company is trading at roughly 15.6 times this year's expected earnings and roughly 25% of anticipated sales.

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Source Fool.com