David's Bridal exclusively revealed to CNBC its plan to spin off its AI platform, Pearl, into a separate publicly traded company, targeting a valuation of approximately $350 million. The company expects the transaction to be completed in the first half of 2027. Pearl will own David's Bridal's intellectual property and focus on developing its AI models, while the original company will concentrate on its brick-and-mortar retail business. David's Bridal anticipates Pearl's EBITDA margin to exceed 30% this year, with revenue growth surpassing 100% in 2027, reaching over $85 million.