Abercrombie second quarter results

Abercrombie & Fitch have posted their second quarter results and reported net income increases to $81.3 Million. The Ohio based upmarket campus apparel company reported the results were a 24% increase over net income of $65.7 million and a 22% increase over $0.72 per diluted share for

the thirteen weeks ended July 29, 2006. Total Company net sales increased 22% to $804.5 million; comparable store sales decreased 2%.

Mike Jeffries, Chief Executive Officer and Chairman of the Board of Abercrombie & Fitch Co., said: "I am extremely pleased with the record financial results we posted this quarter. Our success can be attributed largely to the fact that we have created a consistent business that is able to generate strong results. Our company is uniquely positioned, with each brand maintaining only the highest standards and supported by defined and proven processes that are continuously audited. The drive for constant improvement in standard, process and audit will help us to maintain our leadership position over the long term."

In July A&F announced that it plans to expand its retail presence throughout Europe. The Company is in the process of securing locations in Italy, France, Germany, Spain, Denmark and Sweden and plans to identify additional key locations in the United Kingdom.

The Company operates a total of 362 Abercrombie & Fitch stores, 186 Abercrombie stores, 419 Hollister Co. stores and 17 RUEHL stores. The Company operates three Abercrombie & Fitch stores and three Hollister Co. stores in Canada, and one Abercrombie & Fitch store in London, England. The Company operates e-commerce websites at www.abercrombie.com, www.abercrombiekids.com, and www.hollisterco.com.