The Kroger Co. (KR) 10-Q 2005 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 31, 2004 and for the three quarters ended November 6, 2004 and November 8, 2003.

	November 6, 2004 (40 weeks)			November 8, 2003 (40 weeks)			January 31, 2004 (52 weeks)			February 1, 2003 (52 weeks)			February 2, 2002 (52 weeks)			February 3, 2001 (53 weeks)			January 29, 2000 (52 weeks)
	(in millions of dollars)
Earnings:
Earnings before tax expense(1)	$	865		$	1,043		$	770		$	1,954		$	1,711		$	1,503		$	1,087
Fixed charges(1)		744			764			981			998			1,030			1,063			1,025
Capitalized interest		(4	)		(4	)		(5	)		(5	)		(9	)		(7	)		(5	)
	$	1,605		$	1,803		$	1,746		$	2,947		$	2,732		$	2,559		$	2,107
Fixed charges:
Interest (1)	$	445		$	480		$	609		$	624		$	659		$	688		$	659
Portion of rental Payments deemed to be interest		299			284			372			374			371			375			366
	$	744		$	764		$	981		$	998		$	1,030		$	1,063		$	1,025
Ratio of earnings to fixed charges(1)		2.2			2.4			1.8			3.0			2.7			2.4			2.1

⁽¹⁾ Amounts have been adjusted for the Company’s adoption of SFAS No. 145 on February 2, 2003. Adoption of this Statement required the Company to reclassify the debt extinguishments recorded as extraordinary items in prior periods as interest expense in those periods. These debt extinguishments totaled $19 million, $5 million and $15 million, pre-tax, in the fiscal years ended February 1, 2003, February 3, 2001, January 29, 2000, respectively. There were no debt extinguishments recorded as extraordinary items during the fiscal year ended February 2, 2002.