NEW YORK, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of The Estee Lauder Companies, Inc. ("Estee Lauder" or the "Company") (NYSE:EL). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Estee Lauder and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On November 2, 2022, Estee Lauder issued a press release announcing it was lowering its full year outlook for fiscal 2023. Among other items, the Company announced net sales of $3.93 billion for its first quarter, a decline of 11% from $4.39 billion in the prior-year period, including negative impacts from foreign currency. ...