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 February 2, 2013 and for the three quarters ended November 9, 2013 and November 3, 2012.
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| November 9, |
| November 3, |
| February 2, |
| January 28, |
| January 29, |
| January 30, |
| January31, |
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| 2013 |
| 2012 |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
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| (40 weeks) |
| (40 weeks) |
| (53 weeks) |
| (52 weeks) |
| (52 weeks) |
| (52 weeks) |
| (52 weeks) |
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| (in millions of dollars) |
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Earnings: |
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Earnings before income tax expense |
| $ | 1,671 |
| $ | 1,594 |
| $ | 2,302 |
| $ | 843 |
| $ | 1,734 |
| $ | 589 |
| $ | 1,967 |
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Fixed charges |
| 605 |
| 621 |
| 823 |
| 794 |
| 826 |
| 881 |
| 872 |
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Capitalized interest |
| (4 | ) | (3 | ) | (3 | ) | (6 | ) | (7 | ) | (10 | ) | (11 | ) | |||||||
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Pre-tax earnings before fixed charges |
| $ | 2,272 |
| $ | 2,212 |
| $ | 3,122 |
| $ | 1,631 |
| $ | 2,553 |
| $ | 1,460 |
| $ | 2,828 |
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Fixed charges: |
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Interest |
| $ | 340 |
| $ | 352 |
| $ | 465 |
| $ | 441 |
| $ | 455 |
| $ | 512 |
| $ | 496 |
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Portion of rental payments deemed to be interest |
| 265 |
| 269 |
| 358 |
| 353 |
| 371 |
| 369 |
| 376 |
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Total fixed charges |
| $ | 605 |
| $ | 621 |
| $ | 823 |
| $ | 794 |
| $ | 826 |
| $ | 881 |
| $ | 872 |
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Ratio of earnings to fixed charges |
| 3.8 |
| 3.6 |
| 3.8 |
| 2.1 |
| 3.1 |
| 1.7 |
| 3.2 |
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