Exhibit 99.1

ABERCROMBIE & FITCH REPORTS SECOND QUARTER 2011 RESULTS

NET SALES INCREASE 23% AND NET INCOME INCREASES 64%

BOARD OF DIRECTORS DECLARES QUARTERLY DIVIDEND OF $0.175

New Albany, Ohio, August 17, 2011: Abercrombie & Fitch Co. (NYSE: ANF) today reported unaudited results which reflected net income of $32.0 million and net income per diluted share of $0.35 for the thirteen weeks ended July 30, 2011, compared to net income of $19.5 million and net income per diluted share of $0.22 for the thirteen weeks ended July 31, 2010. Net income for the thirteen weeks ended July 31, 2010, included a charge of $0.02 per diluted share associated with store closures.

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

“We are pleased that our results for the quarter continued to reflect strong momentum, both in the US and Europe, resulting in a 71% increase in operating income for the quarter. Going forward, our focus remains very much on execution against our long-term strategy and roadmap objectives. Costing pressures will be greater in the second half of the year, and macroeconomic uncertainty has increased. However, our strong top-line momentum and overall performance for the past several quarters give us confidence that we are well positioned to navigate through this environment.”

Second Quarter Summary

Net sales for the thirteen weeks ended July 30, 2011 increased 23% to $916.8 million from $745.8 million for the thirteen weeks ended July 31, 2010. U.S. sales, including direct-to-consumer sales, increased 12% to $684.9 million. International sales, including direct-to-consumer sales, increased 74% to $231.9 million. Total Company direct-to-consumer sales, including shipping and handling, increased 28% to $102.1 million.

Total comparable store sales for the quarter increased 9%. By brand, comparable store sales increased 5% for Abercrombie & Fitch, 7% for abercrombie kids, and 12% for Hollister Co. Total sales by brand were $383.4 million for Abercrombie & Fitch, $83.3 million for abercrombie kids and $434.2 million for Hollister Co.

The gross profit rate for the second quarter was 63.6%, 150 basis points lower than last year’s second quarter gross profit rate. The decrease in the gross profit rate was driven primarily by an increase in average unit cost partially offset by a higher AUR and an international mix benefit.

Stores and distribution expense, as a percentage of net sales, decreased to 46.4% from 48.9% for the second quarter last year. The decrease in the stores and distribution expense rate was primarily driven by lower store occupancy costs as a percentage of net sales.

Marketing, general and administrative expense for the second quarter was $110.0 million, a 16% increase compared to $95.2 million during the same period last year. The increase in marketing, general and administrative expense was due to increases in compensation, including incentive and equity compensation, marketing, and other expenses, net of favorable prior year legal settlements.

The effective tax rate for the thirteen weeks ended July 30, 2011 was 30.7%. The current rate reflects a lower than anticipated full year rate as a result of an increased share of the company’s pre-tax income coming from international operations with a lower effective tax rate.

Net income was $32.0 million and net income per diluted share was $0.35 for the thirteen weeks ended July 30, 2011, compared to net income of $19.5 million and net income per diluted share of $0.22 for the comparable period last year.

During the second quarter of Fiscal 2011, the Company repurchased 950,142 shares of its common stock at an aggregate cost of approximately $64.4 million. As of July 30, 2011, the Company had approximately 8.4 million remaining shares available for purchase under its publicly announced stock repurchase authorizations.

In addition, the company repaid outstanding borrowings of $44.3 million and ended the quarter with $539.6 million in cash and cash equivalents, compared to $596.5 million in cash and cash equivalents at the comparable point last year.

2011 Outlook

The Company continues to anticipate opening five Abercrombie & Fitch flagship locations during Fiscal 2011, including the flagship opened in Paris in May. The Company expects to open up to 40 international mall-based Hollister stores, of which six had opened in the first half of the year.

The Company expects to open two domestic stores in Fiscal 2011 and now expects to close approximately 60 to 65 domestic stores, primarily at the end of the year through natural lease expirations.

Based on current new store plans and other planned expenditures, the Company continues to expect total capital expenditures for fiscal 2011 to be approximately $350 million.

Other Developments

On August 16, 2011, 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 September 13, 2011 to shareholders of record at the close of business on August 29, 2011.

An investor presentation of second quarter results will be available in the “Investors” section of the Company’s website at www.abercrombie.com at approximately 8:00 AM, Eastern Time, today.

At the end of the second quarter, the Company operated a total of 1,073 stores. The Company operated 316 Abercrombie & Fitch stores, 179 abercrombie kids stores, 501 Hollister Co. stores and 18 Gilly Hicks stores in the United States. The Company operated 10 Abercrombie & Fitch stores, four abercrombie kids stores, 44 Hollister Co. stores and one Gilly Hicks store internationally. The Company operates e-commerce websites at www.abercrombie.com, www.abercrombiekids.com, www.hollisterco.com and www.gillyhicks.com.

Today at 8:30 AM, Eastern Time, the Company will conduct a conference call. Management will discuss the Company’s performance and its plans for the future and will accept questions from participants. To listen to the conference call, dial (888)-218-8170 and ask for the Abercrombie & Fitch Quarterly Call or go to www.abercrombie.com. The international call-in number is (913) 312-0839. This call will be recorded and made available by dialing the replay number (888) 203-1112 or the international number (719) 457-0820 followed by the conference ID number 8454067 or through wwww.abercrombie.com.

For further information, call:
Eric Cerny
Senior Manager, Investor Relations
(614) 283-6385

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 or made by management or spokespeople 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. Except as may be required by applicable law, we assume no obligation to publicly update or revise our 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 1A. RISK FACTORS” of A&F’s Annual Report on Form 10-K for the fiscal year ended January 29, 2011, in some cases have affected and in the future could affect the Company’s financial performance and could cause actual results for the 2011 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 economic and financial conditions, and the resulting impact on consumer confidence and consumer spending, could have a material adverse effect on our business, results of operations and liquidity; if we are unable to anticipate, identify and respond to changing fashion trends and consumer preferences in a

timely manner, and manage our inventory commensurate with customer demand, our sales levels and profitability may decline; fluctuations in the cost, availability and quality of raw materials, labor and transportation, could cause manufacturing delays and increase our costs; equity-based compensation awarded under the employment agreement with our Chief Executive Officer could adversely impact our cash flows, financial position or results of operations and could have a dilutive effect on our outstanding Common Stock; our growth strategy relies significantly on international expansion, which adds complexity to our operations and may strain our resources and adversely impact current store performance; our international expansion plan is dependent on a number of factors, any of which could delay or prevent successful penetration into new markets or could adversely affect the profitability of our international operations; our direct-to-consumer sales are subject to numerous risks that could adversely impact sales; we have incurred, and may continue to incur, significant costs related to store closures; the costs associate with our development of a new brand concept such as Gilly Hicks could have a material adverse effect on our financial condition or results of operations; fluctuations in foreign currency exchange rates could adversely impact our financial condition and results of operations; our business could suffer if our information technology systems are disrupted or cease to operate effectively; comparable store sales will continue to fluctuate on a regular basis and impact the volatility of the price of our Common Stock; our market share may be negatively impacted by increasing competition and pricing pressures from companies with brands or merchandise competitive with ours; our ability to attract customers to our stores depends, in part, on the success of the shopping malls in which most of our stores are located; our net sales fluctuate on a seasonal basis, causing our results of operations to be susceptible to changes in Back-to-School and Holiday shopping patterns; our inability to accurately plan for product demand and allocate merchandise effectively could have a material adverse effect on our results; our failure to protect our reputation could have a material adverse effect on our brands; we rely on the experience and skills of our senior executive officers, the loss of whom could have a material adverse effect on our business; interruption in the flow of merchandise from our key vendors and international manufacturers could disrupt our supply chain, which could result in lost sales and could increase our costs; we do not own or operate any manufacturing facilities and, therefore, depend upon independent third parties for the manufacture of all our merchandise; our reliance on two distribution centers domestically and one third-party distribution center internationally makes us susceptible to disruptions or adverse conditions affecting our distribution centers; our reliance on third parties to deliver merchandise from our distribution centers to our stores and direct-to-consumer customers could result in disruptions to our business; we may be exposed to risks and costs associated with credit card fraud and identity theft that would cause us to incur unexpected expenses and loss of revenues; modifications and/or upgrades to our information technology systems may disrupt our operations; our facilities, systems and stores as well as the facilities and systems of our vendors and manufacturers, are vulnerable to natural disasters and other unexpected events, any of which could result in an interruption in our business and adversely affect our operating results; our litigation exposure could exceed expectations, having a material adverse effect on our financial condition and results of operations; our inability or failure to adequately protect our trademarks could have a negative impact on our brand image and limit our ability to penetrate new markets; fluctuations in our tax obligations and effective tax rate may result in volatility in our operating results; the effects of war or acts of terrorism could have a material adverse effect on our operating results and financial condition; our inability to obtain commercial insurance at acceptable prices or our failure to adequately reserve for self-insured exposures might increase our expenses and adversely impact our financial results; reduced operating results and cash flows at the store level may cause us to incur impairment charges; we are subject to customs, advertising, consumer protection, privacy, zoning and occupancy and labor and employment laws that could require us to modify our current business practices, incur increased costs or harm our reputation if we do not comply; changes in the regulatory or compliance landscape could adversely affect our business and results of operations; our unsecured credit agreement includes financial and other covenants that impose restrictions on our financial and business operations; and our operations may be affected by regulatory changes related to climate change and greenhouse gas emissions.

Abercrombie & Fitch Co.

Consolidated Statements of Income

Thirteen Weeks Ended July 30, 2011 and July 31, 2010

(in thousands, except per share data)

	(Unaudited)					(Unaudited)
	Q2 2011		% of Net Sales			Q2 2010			% of Net Sales
Net Sales	$	916,763		100.0	%	$	745,798			100.0	%
Cost of Goods Sold		333,721		36.4	%		260,450			34.9	%
Gross Profit		583,042		63.6	%		485,348			65.1	%
Total Stores and Distribution Expense		425,325		46.4	%		364,482			48.9	%
Total Marketing, General and Administrative Expense		109,999		12.0	%		95,206			12.8	%
Other Operating Expense (Income), Net		544		0.1	%		(1,900	)		-0.3	%
Operating Income		47,174		5.1	%		27,560			3.7	%
Interest Expense, Net		985		0.1	%		807			0.1	%
Income Before Taxes		46,189		5.0	%		26,753			3.6	%
Tax Expense		14,158		1.5	%		7,274			1.0	%
Net Income	$	32,031		3.5	%	$	19,479			2.6	%
Net Income Per Share:
Basic	$	0.37				$	0.22
Diluted	$	0.35				$	0.22
Weighted-Average Shares Outstanding:
Basic		87,267					88,220
Diluted		90,353					89,386

Abercrombie & Fitch Co.

Consolidated Statements of Income

Twenty-Six Weeks Ended July 30, 2011 and July 31, 2010

(in thousands, except per share data)

	(Unaudited)						(Unaudited)
	Q2 2011			% of Net Sales			Q2 2010			% of Net Sales
Net Sales	$	1,753,437			100.0	%	$	1,433,602			100.0	%
Cost of Goods Sold		626,734			35.7	%		516,838			36.1	%
Gross Profit		1,126,703			64.3	%		916,764			63.9	%
Total Stores and Distribution Expense		824,426			47.0	%		718,892			50.1	%
Total Marketing, General and Administrative Expense		217,650			12.4	%		191,838			13.4	%
Other Operating Income, Net		(1,292	)		-0.1	%		(2,814	)		-0.2	%
Operating Income		85,919			4.9	%		8,848			0.6	%
Interest Expense, Net		1,935			0.1	%		1,632			0.1	%
Income from Continuing Operation Before Taxes		83,984			4.8	%		7,216			0.5	%
Tax Expense (Benefit) from Continuing Operations		27,608			1.6	%		(435	)		0.0	%
Net Income from Continuing Operations		56,376			3.2	%		7,651			0.5	%
Net Income from Discontinued Operations (net of taxes)		796			0.0	%		—			—	%
Net Income	$	57,172			3.3	%	$	7,651			0.5	%
Net Income Per Share from Continuing Operations:
Basic	$	0.65					$	0.09
Diluted	$	0.62					$	0.09
Net Income Per Share from Discontinued Operations:
Basic	$	0.01					$	—
Diluted	$	0.01					$	—
Net Income Per Share:
Basic	$	0.66					$	0.09
Diluted	$	0.63					$	0.09
Weighted-Average Shares Outstanding:
Basic		87,274						88,157
Diluted		90,397						89,561

Abercrombie & Fitch Co.

Consolidated Balance Sheets

(in thousands)

	(Unaudited)				(Unaudited)
	July 30, 2011		January 29, 2011		July 31, 2010
ASSETS
Current Assets
Cash and Equivalents	$	539,613	$	826,353	$	596,491
Receivables		108,297		81,264		83,777
Inventories		516,128		385,857		480,128
Deferred Income Taxes		47,884		60,405		56,025
Other Current Assets		96,967		79,389		85,083
Total Current Assets		1,308,889		1,433,268		1,301,504
Property and Equipment, Net		1,196,585		1,144,940		1,200,251
Non-Current Marketable Securities		101,923		100,534		127,536
Other Assets		330,084		269,160		227,572
TOTAL ASSETS	$	2,937,481	$	2,947,902	$	2,856,863
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts Payable and Outstanding Checks	$	221,004	$	137,235	$	205,025
Accrued Expenses		300,648		306,587		238,425
Deferred Lease Credits		42,244		41,538		43,361
Income Taxes Payable		15,940		73,491		31,229
Total Current Liabilities		579,836		558,851		518,040
Long-Term Liabilities
Deferred Income Taxes		23,519		33,515		47,649
Deferred Lease Credits		194,586		192,619		202,949
Long-term Debt		26,288		68,566		75,967
Other Liabilities		213,937		203,567		192,561
Total Long-Term Liabilities		458,330		498,267		519,126
Total Shareholders’ Equity		1,899,315		1,890,784		1,819,697
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	2,937,481	$	2,947,902	$	2,856,863

Abercrombie & Fitch Co.

Domestic Store Count

(Unaudited)

Thirteen and Twenty-Six Week Periods Ended July 30, 2011

Store Activity	Abercrombie & Fitch		abercrombie			Hollister			Gilly Hicks		Total
April 30, 2011		316		181			502			18		1,017
New		—		—			—			—		—
Closed		—		(2	)		(1	)		—		(3	)
July 30, 2011		316		179			501			18		1,014
January 29, 2011		316		181			502			18		1,017
New		—		—			—			—		—
Closed		—		(2	)		(1	)		—		(3	)
July 30, 2011		316		179			501			18		1,014

Abercrombie & Fitch Co.

International Store Count

(Unaudited)

Thirteen and Twenty-Six Week Periods Ended July 30, 2011

Store Activity	Abercrombie & Fitch		abercrombie		Hollister		Gilly Hicks		Total
April 30, 2011		9		4		40		1		54
New		1		—		4		—		5
Closed		—		—		—		—		—
July 30, 2011		10		4		44		1		59
January 29, 2011		9		4		38		1		52
New		1		—		6		—		7
Closed		—		—		—		—		—
July 30, 2011		10		4		44		1		59