Estee Lauder's (NYSE: EL) fiscal 2023 financial results were, when you dig a little under the surface, not nearly as bad as they looked on the surface. But the top-line numbers were still pretty terrible. A closer look reveals that there was really just a single problem spot that spoiled the entire year.

The problem area makes sense when you examine the economy overall. It's also pretty clear that this issue isn't likely to be a lingering problem. That potentially spells an opportunity for long-term investors.

Here's what you need to know.

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Source Fool.com