SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of The Estee Lauder Companies Inc. of an Investigation and Potential Class Action Lawsuit – (NYSE: EL)

  • By Grand News Network
  • |
  • November 8, 2023

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of The Estee Lauder Companies Inc.:

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 ...

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