David's Bridal Reports First Quarter Earnings Per Share of $0.34 Versus $0.25

Business Wire, April 20, 2000

Business Editors

ARDMORE, Pa.--(BUSINESS WIRE)--April 20, 2000

David's Bridal, Inc. (Nasdaq:"DABR"), reported total revenues for the quarter ended April 1, 2000 of $75.8 million, a 33.4% increase over the $56.8 million reported last year in the same time period. Comparable store sales increased 9.5%. Operating profit rose to $10.9 million for the quarter, a 42.3% increase over the $7.6 million achieved last year. Net income for the quarter was $6.7 million, a 47.5% increase over the $4.6 million reported last year. Earnings per share on a diluted basis for the quarter was $0.34, a 36.0% increase over the $0.25 per diluted share reported last year.

"We are very pleased with another quarter of strong comparable store sales and profit," said Robert D. Huth, President and CEO of David's Bridal. "We anticipate continued strong revenue and profit growth for the remainder of the year."

Store Expansion Program

Four new stores were opened during the first quarter of 2000. The stores opened in the first quarter are located in Ontario, CA; Northridge, CA; Vernon Hills, IL and Dallas, TX. We anticipate opening at least 21 new stores in Fiscal 2000, including our first store in Puerto Rico.

David's Bridal, Inc. is the largest and only national retailer of bridal gowns and bridal-related apparel and accessories. David's operates 104 stores in 35 states.

Shareholder Meeting

David's Bridal announced that its annual meeting of shareholders will be held on June 7, 2000.

Other Development

David's Bridal announced that Mr. Jeffrey M. Zelenko has joined the Company as Senior Vice President, General Merchandise Manager. Prior to joining David's Bridal, Mr. Zelenko was the President of Graphically Speaking Clothing Company from April 1997 through March 2000. From June 1995 through April 1997 Mr. Zelenko served as Executive Vice President, General Merchandise Manager of Charming Shoppes, Inc. From August 1993 through June 1995, Mr. Zelenko served as Senior Vice President of Merchandise of Petrie Retail, Inc.

Mr. Zelenko replaces Ms. Nancie Samet who has resigned to pursue other business development opportunities.

Note: This release contains forward-looking statements concerning the Company's current expectations as to future performance within the meaning of The Private Securities Litigation Reform Act of 1995, including our statements regarding the prospects for our business. There are important factors that could cause our actual results to differ materially from those expressed or implied by our forward-looking statements, including: changes in general economic and business conditions, and those in the bridal industry in particular; actions of competitors; our ability to recover our costs in the pricing of our products; the extent to which we are able to develop new products and expand our business into new markets; our inability to effectively manage our growth; the level of demand for our products; changes in our business strategies; developments in international markets; and our inability to obtain financing when required. Investors are encouraged to review the Company's SEC filings for more information about the factors affecting the Company's business. Our filings can be obtained from the Company or by accessing the SEC's internet site at http://www.sec.gov.