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 3, 2007 and for the three quarters ended November 10, 2007 and November 4, 2006.
Three Quarters Ended | Fiscal Years Ended | |||||||||||||||||||||||||||
November 10, | November 4, | February 3, | January 28, | January 29, | January 31, | February 1, | ||||||||||||||||||||||
2007 | 2006 | 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||||||||
(40 weeks) | (40 weeks) | (53 weeks) | (52 weeks) | (52 weeks) | (52 weeks) | (52 weeks) | ||||||||||||||||||||||
(in millions of dollars) | ||||||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Earnings before tax expense | $ | 1,312 | $ | 1,170 | $ | 1,748 | $ | 1,525 | $ | 286 | $ | 739 | $ | 1,950 | ||||||||||||||
Fixed charges | 650 | 659 | 870 | 895 | 950 | 983 | 1,000 | |||||||||||||||||||||
Capitalized interest | (11 | ) | (10 | ) | (13 | ) | (7 | ) | (5 | ) | (5 | ) | (5 | ) | ||||||||||||||
Pre-tax earnings before fixed charges | $ | 1,951 | $ | 1,819 | $ | 2,605 | $ | 2,413 | $ | 1,231 | $ | 1,717 | $ | 2,945 | ||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest | $ | 372 | $ | 381 | $ | 501 | $ | 518 | $ | 562 | $ | 609 | $ | 624 | ||||||||||||||
Portion of rental payments deemed to be | ||||||||||||||||||||||||||||
interest | 278 | 278 | 370 | 377 | 388 | 374 | 376 | |||||||||||||||||||||
Total fixed charges | $ | 650 | $ | 659 | $ | 871 | $ | 895 | $ | 950 | $ | 983 | $ | 1,000 | ||||||||||||||
Ratio of earnings to fixed charges | 3.0 | 2.8 | 3.0 | 2.7 | 1.3 | 1.7 | 2.9 |
Page 37 of 37