Children's Place (PLCE) released its Q4 preliminary unaudited results, indicating sales of $454M-$456M, below the estimated $462.88M and prior guidance of $460M-$465M. The company expects an adjusted operating loss of 8%-9% of net sales, contrary to the previously guided 2%-3% operating income. This shift is attributed to lower merchandise margins due to aggressive promotions, higher e-commerce related split shipments, and increased inventory valuation adjustments. Year-end inventory is projected to be down 16%-20% from the previous year. Total liquidity as of February 3, 2024, is expected to be around $45 million, with a significant reduction in total indebtedness to approximately $277 million from $408 million in Q3 of fiscal 2023.