The Kroger Co. (KR) 10-Q 2012 Q2 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 28, 2012 and for the two quarters ended August 11, 2012 and August 13, 2011.

	August 11,			August 13,			January 28,			January 29,			January 30,			January31,			February 2,
	2012			2011			2012			2011			2010			2009			2008
	(28 weeks)			(28 weeks)			(52 weeks)			(52 weeks)			(52 weeks)			(52 weeks)			(52 weeks)
	(in millions of dollars)
Earnings:
Earnings before tax expense	$	1,101		$	1,064		$	843		$	1,734		$	589		$	1,967		$	1,888
Fixed charges	437			429			794			826			881			872			855
Capitalized interest	(2		)	(4		)	(6		)	(7		)	(10		)	(11		)	(14		)
Pre-tax earnings before fixed charges	$	1,536		$	1,489		$	1,631		$	2,553		$	1,460		$	2,828		$	2,729
Fixed charges:
Interest	$	249		$	239		$	441		$	455		$	512		$	496		$	488
Portion of rental payments deemed to be interest	188			190			353			371			369			376			367
Total fixed charges	$	437		$	429		$	794		$	826		$	881		$	872		$	855
Ratio of earnings to fixed charges	3.5			3.5			2.1			3.1			1.7			3.2			3.2

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