Nike (NYSE: NKE) and (NASDAQ: LULU) are each growing sales at a solid clip these days. But investors haven't rewarded the two stocks with similar capital gains in 2023. Lululemon shares are up significantly and beating the 18% rally in the S 500 through early September, while Nike is currently stuck in negative territory.

That performance gap can be explained by a tough selling environment in the footwear industry right now. But this challenge could lay the foundation for better returns for investors buying Nike today. With that prospect in mind, here's a look at the two investments to see which one is the better growth stock for your portfolio.

Nike's sales gains are being overshadowed by Lululemon's expansion rate through mid-2023. The footwear giant's revenue was up 16% in the most recent quarter after adjusting for currency-exchange rate shifts. Lululemon's growth clocked in at a meatier 20%.

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Source Fool.com