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Exhibit 12.1
Whole Foods Market, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratio data)
|
| Forty |
| Year Ended |
| ||||||||||||||
|
| July 3, 2016 |
| September 27, |
| September 28, |
| September 29, |
| September 30, |
| September 25, |
| ||||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Income before income taxes |
| $ | 680 |
| $ | 878 |
| $ | 946 |
| $ | 894 |
| $ | 752 |
| $ | 552 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Rent expense |
| 364 |
| 441 |
| 407 |
| 374 |
| 353 |
| 322 |
| ||||||
|
| x 1/3 |
| x 1/3 |
| x 1/3 |
| x 1/3 |
| x 1/3 |
| x 1/3 |
| ||||||
One-third of rent expense |
| 121 |
| 147 |
| 136 |
| 125 |
| 118 |
| 107 |
| ||||||
Interest expense |
| 30 |
| — |
| — |
| — |
| — |
| 4 |
| ||||||
Fixed charges to add to earnings |
| 151 |
| 147 |
| 136 |
| 125 |
| 118 |
| 111 |
| ||||||
Total available earnings |
| $ | 831 |
| $ | 1,025 |
| $ | 1,082 |
| $ | 1,019 |
| $ | 870 |
| $ | 663 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Interest expense |
| $ | 30 |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | 4 |
|
Capitalized interest |
| 2 |
| — |
| — |
| — |
| 1 |
| 3 |
| ||||||
Total interest |
| 32 |
| — |
| — |
| — |
| 1 |
| 7 |
| ||||||
One-third of rent expense |
| 121 |
| 147 |
| 136 |
| 125 |
| 118 |
| 107 |
| ||||||
Total fixed charges |
| $ | 153 |
| $ | 147 |
| $ | 136 |
| $ | 125 |
| $ | 119 |
| $ | 114 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Ratio of earnings to fixed charges |
| 5.43x |
| 6.98x |
| 7.97x |
| 8.18x |
| 7.33x |
| 5.83x |
|