Investigation in Progress — No Complaint Filed Yet
BG&G is actively investigating potential securities fraud claims against The Estée Lauder Companies, Inc.. If a complaint is filed, this page will be updated. Investors are encouraged to contact us now to preserve their rights.
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Estée Lauder Companies, Inc. (“Estée Lauder” or “the Company”) (NYSE: EL). Investors who purchased Estée Lauder securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Estée Lauder has violated federal securities laws.
Investigation Details
On October 31, 2024, Estée Lauder issued a press release announcing its fiscal 2025 first quarter results. Among other items, Estée Lauder reported revenue of $3.36 billion, missing consensus estimates and representing a decline of 4.5% from the same period in the prior year. Estée Lauder attributed the results to “worsened consumer sentiment in China” and “lower replenishment orders in Asia travel retail,” among other factors. The Company declared a quarterly dividend of $0.35 per share, a reduction of its previous quarterly dividend of $0.66 per share. On this news, Estée Lauder’s stock price fell $18.21 per share, or 20.89%, to close at $68.94 per share on October 31, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Estée Lauder securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
EL — Stock Performance
About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”