EXHIBIT 99.1
Schedule of computation of ratio of earnings to fixed charges of The Kroger Co. and consolidated subsidiary companies for the five fiscal years ended January 30, 2010 and for the two quarters ended August 14, 2010 and August 15, 2009.
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| August 14, |
| August 15, |
| January 30, |
| January 31, |
| February 2, |
| February 3, |
| January 28, |
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| 2010 |
| 2009 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
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| (28 weeks) |
| (28 weeks) |
| (52 weeks) |
| (52 weeks) |
| (52 weeks) |
| (53 weeks) |
| (52 weeks) |
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| (in millions of dollars) |
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Earnings: |
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Earnings before tax expense |
| $ | 983 |
| $ | 1,065 |
| $ | 589 |
| $ | 1,967 |
| $ | 1,921 |
| $ | 1,759 |
| $ | 1,525 |
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Fixed charges |
| 437 |
| 483 |
| 881 |
| 872 |
| 855 |
| 870 |
| 895 |
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Capitalized interest |
| (4 | ) | (5 | ) | (10 | ) | (11 | ) | (14 | ) | (13 | ) | (7 | ) | |||||||
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Pre-tax earnings before fixed charges |
| $ | 1,416 |
| $ | 1,543 |
| $ | 1,460 |
| $ | 2,828 |
| $ | 2,762 |
| $ | 2,616 |
| $ | 2,413 |
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Fixed charges: |
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Interest |
| $ | 238 |
| $ | 284 |
| $ | 512 |
| $ | 496 |
| $ | 488 |
| $ | 500 |
| $ | 518 |
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Portion of rental payments deemed to be interest |
| 199 |
| 199 |
| 369 |
| 376 |
| 367 |
| 370 |
| 377 |
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Total fixed charges |
| $ | 437 |
| $ | 483 |
| $ | 881 |
| $ | 872 |
| $ | 855 |
| $ | 870 |
| $ | 895 |
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Ratio of earnings to fixed charges |
| 3.2 |
| 3.2 |
| 1.7 |
| 3.2 |
| 3.2 |
| 3.0 |
| 2.7 |
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