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

Business Wire, April 20, 2000

                 DAVID'S BRIDAL, INC. AND SUBSIDIARIES
                 CONSOLIDATED STATEMENTS OF OPERATIONS
            (in thousands, except share and per share data)
                              (unaudited)

                                            Thirteen Weeks Ended
                                       -------------------------------
                                       April 1, 2000     April 3, 1999
                                       -------------     -------------

Net sales                               $    71,408       $    54,087
Other income                                  4,368             2,717
                                        -----------       -----------
Total revenues                               75,776            56,804

Cost of goods sold                           37,994            28,969
                                        -----------       -----------

Gross profit                                 37,782            27,835

Selling, general and
 administrative expenses                     26,908            20,191
                                        -----------       -----------

Operating profit                             10,874             7,644

Interest expense, net                            88               272
                                        -----------       -----------

Income before income
 taxes                                       10,786             7,372

Income tax provision                          4,045             2,802
                                        -----------       -----------

Net income                              $     6,741       $     4,570
                                        ===========       ===========

Net income per share:

Basic                                   $      0.35       $      0.47
                                        ===========       ===========
Diluted                                 $      0.34       $      0.25
                                        ===========       ===========
Weighted shares
 outstanding:

Basic                                    19,417,721         9,739,848
Diluted                                  19,763,268        18,614,443

Supplemental data:
   New stores                                     4                 4
   Comparable sales                             9.5%             26.5%
   Store count                                  104                81


                 DAVID'S BRIDAL, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED BALANCE SHEETS
                            (in thousands)
                              (unaudited)


                                     April 1, 2000  January 1, 2000
                                     -------------   -------------
Assets
Current assets:
 Cash and cash equivalents             $  8,461       $  1,751
 Accounts receivable                      2,710          2,870
 Inventories                             50,590         49,675
 Prepaid expenses and
   other current assets                   3,446          3,505
 Deferred tax asset                         208            208
                                       --------       --------

     Total current assets                65,415         58,009

Property and equipment, net              38,546         28,070
Deferred  tax asset                       1,248          1,248
Other non-current assets                  1,316            721
                                       --------       --------

Total assets                           $106,525       $ 88,048
                                       ========       ========
Liabilities and
 Stockholders' Equity
Current liabilities:
   Bank overdrafts                     $  6,197       $  2,747
   Current portion of
    capitalized lease
    obligations                             299            294
   Current portion of
    long-term debt                          125            132
   Accounts payable                       7,196          8,964
   Accrued expenses                      13,665          7,643
   Income taxes                           4,116            213
                                       --------       --------

   Total current liabilities             31,598         19,993
                                       --------       --------

Deferred rent                             4,232          3,993
Long-term debt                            2,103          2,134
Capitalized lease
 obligations, net of
 current portion                            587            664
                                       --------       --------

Total liabilities                        38,520         26,784

Stockholders' Equity
    Common stock                            194            194
    Additional paid-in
     capital                             41,145         41,145
    Retained earnings                    26,666         19,925
                                       --------       --------
    Total Stockholders'
     Equity                              68,005         61,264
                                       --------       --------
Total Liabilities and
 Stockholders' Equity                  $106,525       $ 88,048
                                       ========       ========


                 DAVID'S BRIDAL, INC. AND SUBSIDIARIES
                 CONSOLIDATED STATEMENTS OF CASH FLOWS
                            (in thousands)
                              (unaudited)

                                      Thirteen Weeks Ended
                                 ------------------------------
                                 April 1, 2000    April 3, 1999
                                 -------------    -------------
CASH FLOWS FROM OPERATING
     ACTIVITIES:
  Net Income                       $  6,741        $  4,570
  Adjustments to reconcile
   net income to net cash
   provided by operating
   activities-
  Depreciation and
   amortization                       1,363             887
  Amortization of debt
   issuance costs                        17              15
  Provision for deferred
   rent                                 239             161
  Equity income in
   affiliate                           (225)            (50)
  Changes in assets and
   liabilities
  (Increase) decrease in-
   Accounts receivable                  160              27
   Prepaid expenses and
    other assets                       (328)           (510)
   Inventories                         (915)          2,460
  Increase (decrease) in-
   Accounts payable                  (1,768)            588
   Accrued expenses                   6,022           5,058
   Income tax payable                 3,903           2,011
                                   --------        --------
   Net cash provided by
    operating activities             15,209          15,217
                                   --------        --------

CASH FLOWS FROM INVESTING
    ACTIVITIES:
   Capital expenditures             (11,839)         (3,361)
   (Investment in)
     distribution from
     affiliate                           --             170
                                   --------        --------
   Net cash used in
    investing activities            (11,839)         (3,191)
                                   --------        --------

CASH FLOWS FROM
 FINANCING ACTIVITIES:
  Repayments of long-term
   debt and capital leases             (110)           (105)
  Borrowings on revolving
   credit agreement                  13,700           8,900
  Repayments on revolving
   credit agreement                 (13,700)        (19,000)
  (Decrease) increase in
   bank overdrafts                    3,450            (152)
  Payment of debt
   issuance costs                       --              (43)
                                   --------        --------
  Net cash provided by
   (used in) financing
   activities                         3,340         (10,400)
                                   --------        --------

   Net increase in cash               6,710           1,626

CASH, BEGINNING OF YEAR               1,751             320
                                   --------        --------
CASH, END OF PERIOD                $  8,461        $  1,946
                                   ========        ========