LOS ANGELES–(BUSINESS WIRE)– The Law Offices of Frank R. Cruz announces an investigation of The Estee Lauder Companies Inc. ("Estee Lauder" or the "Company") (NYSE: EL ) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On November 2, 2022, Estee Lauder disclosed that it was lowering its full year financial outlook for fiscal 2023, revealing an 11% decline in net sales, which the Company attributed to Covid-19, supply chain disruptions, and inflation. On this news, Estee Lauder's stock price fell $16.80, or 8.1%, to close at $189.96 per share on November 2, 2022, thereby injuring investors. Then, on February 2, 2023, Estee Lauder released its second quarter 2023 financial results and once again, lowered its outlook for fiscal year 2023. On this news, Estee Lauder's stock price fell $19.63, or 7%, to close at $261.17 per share on February 6, 2023.