People aren't splurging in categories that they had prioritized during the pandemic, and this shift is hurting retailers like Home Depot (NYSE: HD) and Tractor Supply (NASDAQ: TSCO). Both companies recently reported modest sales declines heading into late 2023.

Yet the slump isn't threatening the long-term outlook for either business. Home Depot sees a long runway for growth ahead in the home improvement market, and Tractor Supply isn't abandoning its ambitious store expansion plans, either.

So let's look at the two beaten-down stocks to see which is the better buy right now.

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Source Fool.com