The Kroger Co. (KR) 10-Q 2015 Q1 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 31, 2015 and for the quarters ended May 23, 2015 and May 24, 2014.

	May 23,			May 24,			January 31,			February 1,			February 2,			January 28,			January 29,
	2015			2014			2015			2014			2013			2012			2011
	(16 weeks)			(16 weeks)			(52 weeks)			(52 weeks)			(53 weeks)			(52 weeks)			(52 weeks)
	(in millions of dollars)
Earnings:
Earnings before tax expense	$	954		$	783		$	2,649		$	2,282		$	2,302		$	843		$	1,734
Fixed charges	272			272			896			797			823			794			826
Capitalized interest	(2		)	(1		)	(5		)	(5		)	(3		)	(6		)	(7		)
Pre-tax earnings before fixed charges	$	1,224		$	1,054		$	3,540		$	3,074		$	3,122		$	1,631		$	2,553
Fixed charges:
Interest	$	150		$	148		$	493		$	448		$	465		$	441		$	455
Portion of rental payments deemed to be interest	122			124			403			349			358			353			371
Total fixed charges	$	272		$	272		$	896		$	797		$	823		$	794		$	826
Ratio of earnings to fixed charges	4.5			3.9			4.0			3.9			3.8			2.1			3.1

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