The Kroger Co. (KR) 10-Q 2016 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 30, 2016 and for the quarters ended May 21, 2016 and May 23, 2015.

	May 21,			May 23,			January 30,			January 31,			February 1,			February 2,			January 28,
	2016			2015			2016			2015			2014			2013			2012
	(16 weeks)			(16 weeks)			(52 weeks)			(52 weeks)			(52 weeks)			(53 weeks)			(52 weeks)
	(in millions of dollars)
Earnings:
Earnings before tax expense	$	1,045		$	954		$	3,094		$	2,649		$	2,282		$	2,302		$	843
Fixed charges	308			272			903			896			797			823			794
Capitalized interest	(4		)	(2		)	(9		)	(5		)	(5		)	(3		)	(6		)
Pre-tax earnings before fixed charges	$	1,349		$	1,224		$	3,988		$	3,540		$	3,074		$	3,122		$	1,631
Fixed charges:
Interest	$	159		$	150		$	491		$	493		$	448		$	465		$	441
Portion of rental payments deemed to be interest	149			122			412			403			349			358			353
Total fixed charges	$	308		$	272		$	903		$	896		$	797		$	823		$	794
Ratio of earnings to fixed charges	4.4			4.5			4.4			4.0			3.9			3.8			2.1

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