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 29, 2011 and for the quarters ended May 21, 2011 and May 22, 2010.
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| May 21, |
| May 22, |
| January 29, |
| January 30, |
| January31, |
| February 2, |
| February 3, |
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| 2011 |
| 2010 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
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| (16 weeks) |
| (16 weeks) |
| (52 weeks) |
| (52 weeks) |
| (52 weeks) |
| (52 weeks) |
| (53 weeks) |
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| (in millions of dollars) |
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Earnings: |
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Earnings before tax expense |
| $ | 673 |
| $ | 591 |
| $ | 1,734 |
| $ | 589 |
| $ | 1,967 |
| $ | 1,888 |
| $ | 1,759 |
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Fixed charges |
| 254 |
| 248 |
| 826 |
| 881 |
| 872 |
| 855 |
| 870 |
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Capitalized interest |
| (2 | ) | (2 | ) | (7 | ) | (10 | ) | (11 | ) | (14 | ) | (13 | ) | |||||||
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Pre-tax earnings before fixed charges |
| $ | 925 |
| $ | 837 |
| $ | 2,553 |
| $ | 1,460 |
| $ | 2,828 |
| $ | 2,729 |
| $ | 2,616 |
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Fixed charges: |
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Interest |
| $ | 140 |
| $ | 134 |
| $ | 455 |
| $ | 512 |
| $ | 496 |
| $ | 488 |
| $ | 500 |
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Portion of rental payments deemed to be interest |
| 114 |
| 114 |
| 371 |
| 369 |
| 376 |
| 367 |
| 370 |
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Total fixed charges |
| $ | 254 |
| $ | 248 |
| $ | 826 |
| $ | 881 |
| $ | 872 |
| $ | 855 |
| $ | 870 |
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Ratio of earnings to fixed charges |
| 3.6 |
| 3.4 |
| 3.1 |
| 1.7 |
| 3.2 |
| 3.2 |
| 3.0 |
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