We show that the recent renormalization-group analysis of Lifshitz critical behavior presented by Leite [Phys. Rev. B {bf 67}, 104415 (2003)] suffers from a number of severe deficiencies. In particular, we show that his approach does not give an ultraviolet finite renormalized theory, is plagued by inconsistencies, misses the existence of a nontrivial anisotropy exponent $theta e 1/2$, and therefore yields incorrect hyperscaling relations. His $epsilon$-expansion results to order $epsilon^2$ for the critical exponents of $m$-axial Lifshitz points are incorrect both in the anisotropic ($0<m<d$) and the isotropic cases ($m=d$). The inherent inconsistencies and the lack of a sound basis of the approach makes its results unacceptable even if they are interpreted in the sense of approximations.
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