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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Officers of The Estee Lauder Companies Inc.

NEW YORK, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of The Estee Lauder Companies Inc. (“Estee” or the “Company”) (NYSE: EL) concerning possible violations of federal securities laws.

On May 3, 2023, Estee lowered its full year 2023 guidance for the third consecutive time this year erasing almost $900 million from 4Q sales. The Company blamed elevated inventory in China and continued weakness in travel retail due to post-pandemic flying regulations in Asia. Analysts commenting on Estee’s missed guidance raised questions as to the Company’s capabilities relating to forecasting, visibility, and supply-chain agility.

Following this news, Estee’s stock price fell by $42.52 per share, or approximately 17% to close at $202.70 per share.

To obtain additional information, go to:

https://zlk.com/pslra-1/este-lawsuit-submission-form?wire=3

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com


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