Press release
Investigation announced for Investors in shares of The Estée Lauder Companies Inc. (NYSE: EL) over possible Violations of Securities Laws
An investigation for investors in The Estée Lauder Companies Inc. (NYSE: EL) shares over potential securities laws violations.
Investors who purchased shares of The Estée Lauder Companies Inc. (NYSE: EL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by The Estée Lauder Companies Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York based The Estée Lauder Companies Inc. manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide.
On May 3, 2023, Estée Lauder Companies Inc. 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.
Shares of The Estée Lauder Companies Inc. (NYSE: EL) declined from $283.62 per share on February 02, 2023, to $133.38 per share on October 25, 2023.
Those who purchased shares of The Estée Lauder Companies Inc. (NYSE: EL) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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