The Kroger Co. (KR) 10-Q 2011 Q3 Quarterly report

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 three quarters ended November 5, 2011 and November 6, 2010.

	November 5,			November 6,			January 29,			January 30,			January 31,			February 2,			February 3,
	2011			2010			2011			2010			2009			2008			2007
	(40 weeks)			(40 weeks)			(52 weeks)			(52 weeks)			(52 weeks)			(52 weeks)			(53 weeks)
	(in millions of dollars)
Earnings:
Earnings before tax expense	$	1,369		$	1,286		$	1,734		$	589		$	1,967		$	1,888		$	1,759
Fixed charges	620			630			826			881			872			855			870
Capitalized interest	(5		)	(6		)	(7		)	(10		)	(11		)	(14		)	(13		)
Pre-tax earnings before fixed charges	$	1,984		$	1,910		$	2,553		$	1,460		$	2,828		$	2,729		$	2,616
Fixed charges:
Interest	$	339		$	343		$	455		$	512		$	496		$	488		$	500
Portion of rental payments deemed to be interest	281			287			371			369			376			367			370
Total fixed charges	$	620		$	630		$	826		$	881		$	872		$	855		$	870
Ratio of earnings to fixed charges	3.2			3.0			3.1			1.7			3.2			3.2			3.0

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