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EXHIBIT 12.1
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE KROGER CO. AND CONSOLIDATED SUBSIDIARY COMPANIES FOR THE FIVE FISCAL YEARS ENDED JANUARY 28, 2017
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| January 28, |
| January 30, |
| January 31, |
| February 1, |
| February 2, |
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| 2017 |
| 2016 |
| 2015 |
| 2014 |
| 2013 |
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| (52 weeks) |
| (52 weeks) |
| (52 weeks) |
| (52 weeks) |
| (53 weeks) |
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Earnings: |
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Earnings before tax expense |
| $ | 2,914 |
| $ | 3,094 |
| $ | 2,649 |
| $ | 2,282 |
| $ | 2,302 |
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Fixed charges |
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| 1,037 |
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| 903 |
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| 896 |
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| 797 |
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| 823 |
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Capitalized interest |
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| (13) |
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| (9) |
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| (5) |
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| (5) |
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| (3) |
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Pre-tax earnings before fixed charges |
| $ | 3,938 |
| $ | 3,988 |
| $ | 3,540 |
| $ | 3,074 |
| $ | 3,122 |
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Fixed charges: |
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Interest |
| $ | 535 |
| $ | 491 |
| $ | 493 |
| $ | 448 |
| $ | 465 |
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Portion of rental payments deemed to be interest |
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| 502 |
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| 412 |
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| 403 |
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| 349 |
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| 358 |
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Total fixed charges |
| $ | 1,037 |
| $ | 903 |
| $ | 896 |
| $ | 797 |
| $ | 823 |
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Ratio of earnings to fixed charges |
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| 3.8 |
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| 4.4 |
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| 4.0 |
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| 3.9 |
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| 3.8 |
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