The Kroger Co. (KR) 10-Q 2016 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 30, 2016 and for the quarters ended November 5, 2016 and November 7, 2015.

	November 5,		November 7,		January 30,		January 31,		February 1,		February 2,		January 28,
	2016		2015		2016		2015		2014		2013		2012
	(40 weeks)		(40 weeks)		(52 weeks)		(52 weeks)		(52 weeks)		(53 weeks)		(52 weeks)
	(in millions of dollars)
Earnings:
Earnings before tax expense	$	2,182	$	2,279	$	3,094	$	2,649	$	2,282	$	2,302	$	843
Fixed charges		786		685		903		896		797		823		794
Capitalized interest		(10)		(7)		(9)		(5)		(5)		(3)		(6)
Pre-tax earnings before fixed charges	$	2,958	$	2,957	$	3,988	$	3,540	$	3,074	$	3,122	$	1,631
Fixed charges:
Interest	$	406	$	376	$	491	$	493	$	448	$	465	$	441
Portion of rental payments deemed to be interest		380		309		412		403		349		358		353
Total fixed charges	$	786	$	685	$	903	$	896	$	797	$	823	$	794
Ratio of earnings to fixed charges		3.8		4.3		4.4		4.0		3.9		3.8		2.1

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