8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 9, 2005

ABERCROMBIE & FITCH CO.

(Exact name of registrant as specified in its charter)

Delaware	001-12107	31-1469076
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

6301 Fitch Path, New Albany, Ohio 43054

(Address of principal executive offices) (Zip Code)

(614) 283-6500

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

     On November 15, 2005, Abercrombie & Fitch Co. (the “Registrant”) issued a news release (the “Release”) reporting the Registrant’s unaudited financial results for the thirteen weeks (quarterly period) ended October 29, 2005. A copy of the Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

     The Registrant also made available as part of the Release a reconciliation between the Registrant’s reported GAAP financial measures and the non-GAAP financial measures discussed in the Release; and additional quarterly financial information as of and for the quarterly period ended October 29, 2005 and as of and for the quarterly periods during the fiscal years ended January 29, 2005, January 31, 2004 and February 1, 2003. The reconciliation and the additional quarterly financial information are furnished as Exhibits 99.2 and 99.3 to this Current Report on Form 8-K, respectively, and incorporated herein by reference.

     The Registrant’s management believes that the disclosure of the non-GAAP financial measures provides useful information to investors or other users of the financial statements since it more accurately reflects the Registrant’s results from operations without the impact of the non-recurring charges for the executive severance agreement in the third quarter of fiscal 2005 and the legal settlement in the third quarter of fiscal 2004.

Item 8.01. Other Events

     In the Release, the Registrant also announced that its Board of Directors had declared a quarterly cash dividend of $0.175 per share in respect of the Registrant’s Class A Common Stock. The dividend was declared on November 9, 2005 and is payable on December 20, 2005 to stockholders of record on November 29, 2005.

2

Item 9.01. Financial Statements and Exhibits.

     (a) through (c) Not applicable.

     (d) Exhibits:

     The following exhibits are furnished with this Current Report on Form 8-K:

Exhibit No.	Description
99.1	News Release issued by Abercrombie & Fitch Co. on November 15, 2005
99.2	Reconciliation between Reported GAAP Financial Measures And Non-GAAP Financial Measures Discussed in News Release issued by Abercrombie & Fitch Co. on November 15, 2005
99.3	Additional Quarterly Financial Information made available by Abercrombie & Fitch Co. in conjunction with News Release on November 15, 2005

[Remainder of page intentionally left blank;
signatures on following page.]

3

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ABERCROMBIE & FITCH CO.
Dated: November 15, 2005	By:	/s/ Michael W. Kramer
		Michael W. Kramer
		Senior Vice-President and Chief Financial Officer

4

INDEX TO EXHIBITS

Exhibit No.	Description
99.1	News Release issued by Abercrombie & Fitch Co. on November 15, 2005
99.2	Reconciliation between Reported GAAP Financial Measures And Non-GAAP Financial Measures Discussed in News Release issued by Abercrombie & Fitch Co. on November 15, 2005
99.3	Additional Quarterly Financial Information made available by Abercrombie & Fitch Co. in conjunction with News Release on November 15, 2005

5

EX-99.1

Exhibit 99.1

ABERCROMBIE & FITCH REPORTS THIRD QUARTER RESULTS;

NET INCOME PER SHARE IS $0.79 (INCLUDING A NON-RECURRING CHARGE OF $0.09 PER
SHARE) AND $0.88 EXCLUDING THE CHARGE;

COMPANY INCREASES FULL YEAR NET INCOME GUIDANCE;

BOARD OF DIRECTORS DECLARES QUARTERLY DIVIDEND OF $0.175;

New Albany, Ohio, November 15, 2005: Abercrombie & Fitch Co. (NYSE: ANF) today reported unaudited results which reflected record third quarter net income of $71.6 million and net income per share on a fully-diluted basis of $0.79 for the third quarter ended October 29, 2005, including the after-tax effect of a $0.09 per share non-recurring charge. Excluding the charge, the Company’s third quarter non-GAAP net income was $79.8 million, or $0.88 per fully diluted share. A reconciliation to GAAP results of certain non-GAAP measures contained in this release is set forth in the attached schedule.

Third Quarter Highlights

• Total Company net sales increased 35% to $704.9 million; comparable store sales increased by 25%

• Abercrombie & Fitch net sales increased 13% to $342.7 million; Abercrombie & Fitch comparable store sales increased by 16%

• abercrombie net sales increased 58% to $96.8 million; abercrombie comparable store sales increased by 62%

• Hollister net sales increased 69% to $261.3 million; Hollister comparable store sales increased by 27%

• Net income for the third quarter increased 79% to $71.6 million from $39.9 million in fiscal 2004. Non-GAAP net income, excluding non-recurring charges in both the third quarter of 2005 and 2004, was $79.8 million in the third quarter of 2005, compared to $60.6 million in the comparable period of 2004.

• Net income per share on a fully-diluted basis increased 88% to $0.79 in the third quarter of 2005 from $0.42 in fiscal 2004. Non-GAAP net income per share on a fully-diluted basis, excluding non-recurring charges, was $0.88 in the third quarter of 2005 compared to $0.64 in the prior-year period.

Mike Jeffries, Chief Executive Officer and Chairman of the Board of Abercrombie & Fitch Co., said:

“We are pleased with our performance for the third quarter. These strong results reflect the broad momentum and successful differentiation of our brands, confirming our entire organization’s dedication to building dominant iconic brands. We are uniquely positioned as the top of mind premium provider of sportswear with brands that appeal to a broad spectrum of customers in the pre-teen through post-collegiate demographic. This is a position we have worked hard to attain, and I can assure you, we will defend vigorously.”

Third Quarter Financial Results

Net sales for the thirteen weeks ended October 29, 2005 increased 35% to $704.9 million from $520.7 million for the thirteen weeks ended October 30, 2004. The main driver of growth was the total company comparable store sales increase of 25%.

The gross margin rate for the quarter was 66.0%, up 140 basis points compared to last year. The improvement in gross margin was due to improved initial markup combined with a lower markdown rate versus last year.

Stores and Distribution expense, as a percentage of sales, decreased 30 basis points to 35.9% from 36.2%. The Company achieved leverage in store related, direct-to-consumer and distribution expense categories partially offset by increased staff and management in the Company’s stores.

Marketing, General and Administrative expense, as a percentage of sales, decreased 270 basis points to 13.9% from 16.6%. In the third quarter of 2005, the Company recorded a non-recurring charge of $13.5 million related to an executive severance agreement. In the third quarter of 2004, the Company recorded a non-recurring charge of $32.9 million related to a legal settlement. Excluding charges in both periods, MG&A as a percentage of sales, increased to 11.9% from 10.2% compared to last year. The increase in rate is primarily attributed to increased home office payroll.

Net income for the quarter increased 79% to $71.6 million, or $0.79 per share on a fully-diluted basis, from $39.9 million, or $0.42 per share on a fully-diluted basis, for the third quarter of fiscal 2004.

Non-GAAP net income, excluding non-recurring charges, was $79.8 million, or $0.88 per share on a fully-diluted basis in the third quarter of 2005, compared to $60.6 million or $0.64 per share on a fully-diluted basis, in the comparable period of 2004.

2005 Outlook

In August, the Company reaffirmed its guidance for the year of net income per fully-diluted share to be in the range of $3.10 to $3.30, based on a sales plan of approximately $2.7 billion for fiscal 2005, excluding a non-recurring charge to be taken in the third quarter for an executive severance agreement. Based on its year-to-date results, the Company now expects net income per share on a fully-diluted basis, including the non-recurring third quarter charge, to be in the range of $3.35 to $3.40. Excluding the non-recurring charge, the Company now expects net income per share on a fully-diluted basis to be in the range of $3.44 to $3.49.

The Company now expects total capital expenditures for fiscal 2005 to be between $270 million and $280 million. The majority of the expenditures are related to new store construction, remodels, and home office investments. These amounts do not reflect construction allowances which are recorded on the balance sheet as a deferred credit as opposed to a reduction in capital spending.

Other Developments

By fiscal year-end, the Company plans to operate 360 Abercrombie & Fitch stores, 163 Abercrombie, 318 Hollister stores, and eight RUEHL stores.

During the third quarter of fiscal 2005, the Company repurchased 1.3 million shares of Class A Common Stock as part of its stock repurchase program.

The Company recently opened its 34,000 gross square foot flagship Abercrombie & Fitch store, located on the corner of 5^th Avenue and 56^th Street in New York.

The Company recently opened a RUEHL accessories store at 370 Bleecker Street in New York’s West Village.

The Company plans to open its first international locations in Canada in late fiscal 2005 and expects to open its first European location in London in early 2007.

The Board of Directors declared a quarterly cash dividend of $0.175 per share on the Class A Common Stock of Abercrombie & Fitch Co. payable on December 20, 2005 to shareholders of record at the close of business on November 29, 2005.

The Company operated 354 Abercrombie & Fitch stores, 163 abercrombie stores, 297 Hollister stores, and six RUEHL stores at the end of the third quarter 2005. The Company operates e-commerce websites at www.abercrombie.com, www.abercrombiekids.com, and www.hollisterco.com.

Today at 4:30 PM, Eastern Time, the Company will conduct a conference call. Management will discuss the Company’s performance, its plans for the future and will accept questions from participants. To listen to the live conference call, dial (800) 811-0667 or internationally at (913) 981-4901. To listen via the internet, go to www.abercrombie.com, select the Investor Relations page and click on Calendar of Events. Replays of the call will be available shortly after its completion. The audio replay can be accessed for two weeks following the reporting date by calling (888) 203-1112 or internationally at (719) 457-0820 followed by the conference ID number 9447177; or for 12 months by visiting the Company’s website at www.abercrombie.com.

# # # #

For further information, call: Thomas D. Lennox
Director, Investor Relations and Corporate Communications
(614) 283-6751

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

A&F cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this Press Release, A&F’s Form 10-K or made by management of A&F involve risks and uncertainties and are subject to change based on various important factors, many of which may be beyond the Company’s control. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” and similar expressions may identify forward-looking statements. The following factors, in addition to those included in the disclosure under the heading “FORWARD-LOOKING STATEMENTS AND RISK FACTORS” in “ITEM 1. BUSINESS” of A&F’s Annual Report on Form 10-K for the fiscal year ended January 29, 2005, in some cases have affected and in the future could affect the Company’s financial performance and could cause actual results for the 2005 fiscal year and beyond to differ materially from those expressed or implied in any of the forward-looking statements included in this Press Release or otherwise made by management: changes in consumer spending patterns and consumer preferences; the effects of political and economic events and conditions domestically and in foreign jurisdictions in which the Company operates, including, but not limited to, acts of terrorism or war; the impact of competition and pricing; changes in weather patterns; postal rate increases and changes; paper and printing costs; market price of key raw materials; ability to source product from its global supplier base; political stability; currency and exchange risks and changes in existing or potential duties, tariffs or quotas; availability of suitable store locations at appropriate terms; ability to develop new merchandise; and ability to hire, train and retain associates, and the outcome of pending litigation. Future economic and industry trends that could potentially impact revenue and profitability are difficult to predict. Therefore, there can be no assurance that the forward-looking statements included in this Press Release will prove to be accurate. In light of the significant uncertainties in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company, or any other person, that the objectives of the Company will be achieved. The forward-looking statements herein are based on information presently available to the management of the Company. Except as may be required by applicable law, the Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

Abercrombie & Fitch Co.
Condensed Consolidated Statements of Income
(Unaudited)
Thirteen Weeks Ended October 29, 2005 and Thirteen Weeks Ended October 30, 2004
(in thousands except per share data)

	ACTUAL						ACTUAL
	2005			% of Sales			2004			% of Sales
Net Sales	$	704,918			100.0	%	$	520,724			100.0	%
Cost of Goods Sold		239,832			34.0	%		184,107			35.4	%
Gross Profit		465,086			66.0	%		336,617			64.6	%
Total Stores and Distribution Expense		252,947			35.9	%		188,381			36.2	%
Total Marketing, General and Administrative Expense		97,644			13.9	%		86,273			16.6	%
Other Operating Income, Net		(1,379	)		-0.2	%		(15	)		0.0	%
Operating Income		115,874			16.4	%		61,978			11.9	%
Interest Income, Net		(1,516	)		-0.2	%		(1,574	)		-0.3	%
Income Before Income Taxes		117,390			16.7	%		63,552			12.2	%
Income Tax Expense		45,790			6.5	%		23,641			4.5	%
Effective Rate		39.0	%					37.2	%
Net Income	$	71,600			10.2	%	$	39,911			7.7	%
Net Income Per Share:
Basic	$	0.81					$	0.43
Fully-Diluted	$	0.79					$	0.42
Weighted Average Shares Outstanding
Basic		87,862						93,449
Fully-Diluted		90,458						95,351

Abercrombie & Fitch Co.
Condensed Consolidated Statements of Income
(Unaudited)
Thirty-nine Weeks Ended October 29, 2005 and Thirty-nine Weeks Ended October 30, 2004
(in thousands except per share data)

	ACTUAL						ACTUAL
	2005			% of Sales			2004			% of Sales
Net Sales	$	1,823,319			100.0	%	$	1,333,999			100.0	%
Cost of Goods Sold		611,321			33.5	%		448,542			33.6	%
Gross Profit		1,211,998			66.5	%		885,457			66.4	%
Total Stores and Distribution Expense		707,267			38.8	%		514,411			38.6	%
Total Marketing, General and Administrative Expense		232,674			12.8	%		193,760			14.5	%
Other Operating Income, Net		(3,193	)		-0.2	%		(174	)		0.0	%
Operating Income		275,250			15.1	%		177,460			13.3	%
Interest Income, Net		(4,296	)		-0.2	%		(3,919	)		-0.3	%
Income Before Income Taxes		279,546			15.3	%		181,379			13.6	%
Income Tax Expense		110,186			6.0	%		69,263			5.2	%
Effective Rate		39.4	%					38.2	%
Net Income	$	169,360			9.3	%	$	112,116			8.4	%
Net Income Per Share:
Basic	$	1.95					$	1.19
Fully-Diluted	$	1.87					$	1.16
Weighted Average Shares Outstanding
Basic		87,002						94,490
Fully-Diluted		90,422						96,522

Abercrombie & Fitch Co.
Condensed Consolidated Balance Sheets
(in thousands)

	(unaudited)
ASSETS	October 29, 2005		January 29, 2005
Current Assets
Cash and Cash Equivalents	$	67,443	$	350,368
Marketable Securities		210,393		—
Receivables		29,633		26,127
Inventories		415,621		211,198
Store Supplies		40,800		36,536
Deferred Income Taxes		34,696		31,246
Other Current Assets		34,357		28,048
Total Current Assets		832,943		683,523
Property and Equipment, Net		798,391		687,011
Other Assets		8,478		8,413
TOTAL ASSETS	$	1,639,812	$	1,378,947
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts Payable and Outstanding Checks	$	167,721	$	137,337
Accrued Expenses		234,529		194,729
Deferred Lease Credits		31,504		31,135
Income Taxes Payable		56,935		55,587
Total Current Liabilities		490,689		418,788
Long-Term Liabilities
Debt		—		—
Deferred Income Taxes		32,329		42,188
Deferred Lease Credits		192,407		177,923
Other Liabilities		88,333		70,722
		313,069		290,833
Total Shareholders’ Equity		836,054		669,326
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,639,812	$	1,378,947

EX-99.2

Exhibit 99.2

Abercrombie & Fitch Co.
Non-GAAP Reconciliation
(Unaudited)
Thirteen Weeks Ended October 29, 2005 and Thirteen Weeks Ended October 30, 2004
(in thousands except per share data)

	ACTUAL						ACTUAL
	2005			% of Sales			2004			% of Sales
Marketing, General and Administrative Expense, as reported		97,644			13.9	%		86,273			16.6	%
Non-Recurring Charge		(13,462	)		-1.9	%		(32,900	)		-6.3	%
Non-GAAP Marketing, General and Administrative Expense		84,182			11.9	%		53,373			10.2	%
Operating Income, as reported		115,874			16.4	%		61,978			11.9	%
Non-Recurring Charge		13,462			1.9	%		32,900			6.3	%
Non-GAAP Operating Income		129,336			18.3	%		94,878			18.2	%
Net Income, as reported		71,600			10.2	%		39,911			7.7	%
Non-Recurring Charge (tax effected at 39% and 37%, respectively)		8,212			1.2	%		20,661			4.0	%
Non-GAAP Net Income		79,812			11.3	%		60,572			11.6	%
Net Income Per Share:
Fully-Diluted, as reported	$	0.79					$	0.42
Non-Recurring Charge	$	0.09					$	0.22
Non-GAAP Fully-Diluted	$	0.88					$	0.64

EX-99.3

Exhibit 99.3

ABERCROMBIE & FITCH
QUARTERLY FINANCIAL INFORMATION
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS, RATIOS AND STORE DATA)

PERIOD	2002							2003							2004							2005
	(% Change)				(Total)			(% Change)				(Total)			(% Change)				(Total)			(% Change)				(Total)
1. Sales	(Comp Stores)				(% Change)			(Comp Stores)				(% Change)			(Comp Stores)				(% Change)			(Comp Stores)				(% Change)
1st Qtr		-6	%	312,792		19	%		-6	%	346,722		11	%		0	%	411,930		19	%		19	%	546,810		33	%
2nd Qtr		-5	%	329,154		18	%		-8	%	355,719		8	%		-5	%	401,346		13	%		30	%	571,591		42	%
3rd Qtr		-5	%	419,329		18	%		-9	%	444,979		6	%		1	%	520,724		17	%		25	%	704,918		35	%
4th Qtr		-4	%	534,482		15	%		-11	%	560,389		5	%		9	%	687,254		23	%
Year		-5	%	1,595,757		17	%		-9	%	1,707,810		7	%		2	%	2,021,253		18	%
6 Mos		-6	%	641,946		18	%		-7	%	702,441		9	%		-3	%	813,276		16	%		24	%	1,118,401		38	%
9 Mos		-5	%	1,061,274		18	%		-8	%	1,147,421		8	%		-1	%	1,333,999		16	%		24	%	1,823,319		37	%

2. Cost of Goods Sold		(% of Sales)				(% of Sales)				(% of Sales)				(% of Sales)
1st Qtr	122,840		39.3	%	130,243		37.6	%	144,006		35.0	%	189,558		34.7	%
2nd Qtr	119,028		36.2	%	122,068		34.3	%	120,429		30.0	%	181,931		31.8	%
3rd Qtr	169,963		40.5	%	167,328		37.6	%	184,107		35.4	%	239,832		34.0	%
4th Qtr	203,370		38.0	%	205,001		36.6	%	231,487		33.7	%
Year	615,201		38.6	%	624,640		36.6	%	680,029		33.6	%
6 Mos	241,868		37.7	%	252,311		35.9	%	264,435		32.5	%	371,489		33.2	%
9 Mos	411,831		38.8	%	419,639		36.6	%	448,542		33.6	%	611,321		33.5	%
3. Gross Profit		(% of Sales)				(% of Sales)				(% of Sales)				(% of Sales)
1st Qtr	189,952		60.7	%	216,479		62.4	%	267,924		65.0	%	357,252		65.3	%
2nd Qtr	210,126		63.8	%	233,651		65.7	%	280,917		70.0	%	389,660		68.2	%
3rd Qtr	249,366		59.5	%	277,651		62.4	%	336,617		64.6	%	465,086		66.0	%
4th Qtr	331,112		62.0	%	355,388		63.4	%	455,767		66.3	%
Year	980,554		61.4	%	1,083,169		63.4	%	1,341,225		66.4	%
6 Mos	400,078		62.3	%	450,130		64.1	%	548,841		67.5	%	746,912		66.8	%
9 Mos	649,443		61.2	%	727,781		63.4	%	885,457		66.4	%	1,211,998		66.5	%

PERIOD	2002						2003						2004						2005
4. Total Stores and Distribution Expense				(% of Sales)						(% of Sales)						(% of Sales)						(% of Sales)
1st Qtr		119,575			38.2	%		137,747			39.7	%		165,515			40.2	%		222,223			40.6	%
2nd Qtr		125,684			38.2	%		139,732			39.3	%		160,515			40.0	%		232,097			40.6	%
3rd Qtr		140,139			33.4	%		155,937			35.0	%		188,381			36.2	%		252,947			35.9	%
4th Qtr		147,691			27.6	%		163,999			29.3	%		223,833			32.6	%
Year		533,089			33.4	%		597,416			35.0	%		738,244			36.5	%
6 Mos		245,259			38.2	%		277,479			39.5	%		326,030			40.1	%		454,320			40.6	%
9 Mos		385,397			36.3	%		433,417			37.8	%		514,411			38.6	%		707,267			38.8	%
5. Total Marketing, General and Administrative Expense				(% of Sales)						(% of Sales)						(% of Sales)						(% of Sales)
1st Qtr		33,844			10.8	%		38,238			11.0	%		55,784			13.5	%		67,146			12.3	%
2nd Qtr		35,491			10.8	%		38,932			10.9	%		51,703			12.9	%		67,884			11.9	%
3rd Qtr		33,676			8.0	%		41,323			9.3	%		86,273			16.6	%		97,644			13.9	%
4th Qtr		32,700			6.1	%		37,060			6.6	%		66,076			9.6	%
Year		135,711			8.5	%		155,553			9.1	%		259,836			12.9	%
6 Mos		69,335			10.8	%		77,170			11.0	%		107,488			13.2	%		135,030			12.1	%
9 Mos		103,011			9.7	%		118,493			10.3	%		193,760			14.5	%		232,674			12.8	%
6. Other Operating Income, Net				(% of Sales)						(% of Sales)						(% of Sales)						(% of Sales)
1st Qtr		(146	)		0.0	%		(186	)		-0.1	%		(95	)		0.0	%		(406	)		-0.1	%
2nd Qtr		(102	)		0.0	%		(147	)		0.0	%		(63	)		0.0	%		(1,408	)		-0.2	%
3rd Qtr		(194	)		0.0	%		(187	)		0.0	%		(15	)		0.0	%		(1,379	)		-0.2	%
4th Qtr		(117	)		0.0	%		(459	)		-0.1	%		(4,317	)		-0.6	%
Year		(559	)		0.0	%		(979	)		-0.1	%		(4,490	)		-0.2	%
6 Mos		(248	)		0.0	%		(333	)		0.0	%		(158	)		0.0	%		(1,814	)		-0.2	%
9 Mos		(442	)		0.0	%		(520	)		0.0	%		(174	)		0.0	%		(3,193	)		-0.2	%

ABERCROMBIE & FITCH
QUARTERLY FINANCIAL INFORMATION
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS, RATIOS AND STORE DATA)

PERIOD	2002						2003						2004						2005
7. Operating Income				(% of Sales)						(% of Sales)						(% of Sales)						(% of Sales)
1st Qtr		36,679			11.7	%		40,680			11.7	%		46,720			11.3	%		68,289			12.5	%
2nd Qtr		49,053			14.9	%		55,134			15.5	%		68,762			17.1	%		91,087			15.9	%
3rd Qtr		75,745			18.1	%		80,578			18.1	%		61,978			11.9	%		115,874			16.4	%
4th Qtr		150,838			28.2	%		154,788			27.6	%		170,175			24.8	%
Year		312,313			19.6	%		331,179			19.4	%		347,635			17.2	%
6 Mos		85,732			13.4	%		95,814			13.6	%		115,483			14.2	%		159,376			14.3	%
9 Mos		161,477			15.2	%		176,392			15.4	%		177,460			13.3	%		275,250			15.1	%
8. Interest Income, Net				(% of Sales)						(% of Sales)						(% of Sales)						(% of Sales)
1st Qtr		(872	)		-0.3	%		(991	)		-0.3	%		(985	)		-0.2	%		(1,220	)		-0.2	%
2nd Qtr		(731	)		-0.2	%		(861	)		-0.2	%		(1,358	)		-0.3	%		(1,560	)		-0.3	%
3rd Qtr		(866	)		-0.2	%		(757	)		-0.2	%		(1,574	)		-0.3	%		(1,516	)		-0.2	%
4th Qtr		(1,300	)		-0.2	%		(1,099	)		-0.2	%		(1,299	)		-0.2	%
Year		(3,770	)		-0.2	%		(3,708	)		-0.2	%		(5,216	)		-0.3	%
6 Mos		(1,603	)		-0.2	%		(1,852	)		-0.3	%		(2,343	)		-0.3	%		(2,780	)		-0.2	%
9 Mos		(2,469	)		-0.2	%		(2,609	)		-0.2	%		(3,919	)		-0.3	%		(4,296	)		-0.2	%
9. Pre-tax Income				(% of Sales)						(% of Sales)						(% of Sales)						(% of Sales)
1st Qtr		37,551			12.0	%		41,671			12.0	%		47,707			11.6	%		69,509			12.7	%
2nd Qtr		49,784			15.1	%		55,995			15.7	%		70,120			17.5	%		92,647			16.2	%
3rd Qtr		76,611			18.3	%		81,335			18.3	%		63,552			12.2	%		117,390			16.7	%
4th Qtr		152,138			28.5	%		155,887			27.8	%		171,474			25.0	%
Year		316,083			19.8	%		334,887			19.6	%		352,853			17.5	%
6 Mos		87,335			13.6	%		97,666			13.9	%		117,827			14.5	%		162,156			14.5	%
9 Mos		163,946			15.4	%		179,001			15.6	%		181,379			13.6	%		279,546			15.3	%

ABERCROMBIE & FITCH
QUARTERLY FINANCIAL INFORMATION
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS, RATIOS AND STORE DATA)

PERIOD	2002					2003					2004					2005
10. Taxes			(Tax Rate)					(Tax Rate)					(Tax Rate)					(Tax Rate)
1st Qtr		14,447		38.5	%		15,886		38.1	%		18,390		38.5	%		29,150		41.9	%
2nd Qtr		18,953		38.1	%		21,467		38.3	%		27,232		38.8	%		35,246		38.0	%
3rd Qtr		29,336		38.3	%		31,401		38.6	%		23,641		37.2	%		45,790		39.0	%
4th Qtr		58,594		38.5	%		61,304		39.3	%		67,214		39.2	%
Year		121,330		38.4	%		130,057		38.8	%		136,477		38.7	%
6 Mos		33,400		38.2	%		37,353		38.2	%		45,622		38.7	%		64,396		39.7	%
9 Mos		62,737		38.3	%		68,754		38.4	%		69,263		38.2	%		110,186		39.4	%
11. Net Income			(% of Sales)					(% of Sales)					(% of Sales)					(% of Sales)
1st Qtr		23,104		7.4	%		25,785		7.4	%		29,317		7.1	%		40,359		7.4	%
2nd Qtr		30,831		9.4	%		34,528		9.7	%		42,888		10.7	%		57,401		10.0	%
3rd Qtr		47,275		11.3	%		49,934		11.2	%		39,911		7.7	%		71,600		10.2	%
4th Qtr		93,544		17.5	%		94,583		16.9	%		104,260		15.2	%
Year		194,753		12.2	%		204,829		12.0	%		216,376		10.7	%
6 Mos		53,935		8.4	%		60,313		8.6	%		72,205		8.9	%		97,760		8.7	%
9 Mos		101,210		9.5	%		110,247		9.6	%		112,116		8.4	%		169,360		9.3	%
12. Net Income			(% Increase)					(% Increase)					(% Increase)					(% Increase)
1st Qtr		23,104		15.6	%		25,785		11.6	%		29,317		13.7	%		40,359		37.7	%
2nd Qtr		30,831		25.5	%		34,528		12.0	%		42,888		24.2	%		57,401		33.8	%
3rd Qtr		47,275		9.9	%		49,934		5.6	%		39,911		-20.1	%		71,600		79.4	%
4th Qtr		93,544		18.4	%		94,583		1.1	%		104,260		10.2	%
Year		194,753		16.9	%		204,829		5.2	%		216,376		5.6	%
6 Mos		53,935		21.1	%		60,313		11.8	%		72,205		19.7	%		97,760		35.4	%
9 Mos		101,210		15.6	%		110,247		8.9	%		112,116		1.7	%		169,360		51.1	%
13. Net Income per Share			(% Increase)					(% Increase)					(% Increase)					(% Increase)
1st Qtr	$	0.23		21.1	%	$	0.26		13.0	%	$	0.30		15.4	%	$	0.45		50.0	%
2nd Qtr	$	0.30		25.0	%	$	0.34		13.3	%	$	0.44		29.4	%	$	0.63		43.2	%
3rd Qtr	$	0.47		11.9	%	$	0.50		6.4	%	$	0.42		-16.0	%	$	0.79		88.1	%
4th Qtr	$	0.94		20.5	%	$	0.97		3.2	%	$	1.15		18.6	%
Year	$	1.94		19.8	%	$	2.06		6.2	%	$	2.28		10.7	%
6 Mos	$	0.53		23.3	%	$	0.60		13.2	%	$	0.74		23.3	%	$	1.07		44.6	%
9 Mos	$	1.00		17.6	%	$	1.10		10.0	%	$	1.16		5.5	%	$	1.87		61.2	%

ABERCROMBIE & FITCH
QUARTERLY FINANCIAL INFORMATION
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS, RATIOS AND STORE DATA)

PERIOD	2002					2003					2004					2005
14. Diluted Weighted Average Shares Outstanding
1st Qtr		102,130					99,835					96,872					89,800
2nd Qtr		101,465					100,128					97,590					91,501
3rd Qtr		99,568					99,102					95,351					90,458
4th Qtr		99,398					97,839					90,750
Year		100,631					99,580					95,110
6 Mos		101,879					100,542					97,118					90,946
9 Mos		100,994					100,095					96,522					90,422
15. Actual Shares Outstanding - End of Period
1st Qtr		99,053					98,004					94,788					86,324
2nd Qtr		98,076					96,438					95,773					88,707
3rd Qtr		97,229					96,326					90,556					87,606
4th Qtr		97,269					94,607					86,040
16. Number of Stores - End of Period			(% Increase)					(% Increase)					(% Increase)					(% Increase)
1st Qtr		507		42.8	%		602		18.7	%		706		17.3	%		783		10.9	%
2nd Qtr		533		31.6	%		625		17.3	%		727		16.3	%		804		10.6	%
3rd Qtr		560		23.3	%		651		16.3	%		764		17.4	%		820		7.3	%
4th Qtr		597		21.6	%		700		17.3	%		788		12.6	%
17. Gross Square Feet - End of Period			(% Increase)					(% Increase)					(% Increase)					(% Increase)
1st Qtr		3,772		32.1	%		4,392		16.4	%		5,065		15.3	%		5,573		10.0	%
2nd Qtr		3,937		25.3	%		4,538		15.3	%		5,192		14.4	%		5,674		9.3	%
3rd Qtr		4,110		19.2	%		4,709		14.6	%		5,439		15.5	%		5,789		6.4	%
4th Qtr		4,358		18.7	%		5,021		15.2	%		5,591		11.4	%