The Kroger Co. (KR) 10-Q 2018 Q2 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 February 3, 2018 and for the first two quarters ended August 18, 2018 and August 12, 2017.

	August 18,		August 12,		February 3,		January 28,		January 30,		January 31,		February 1,
	2018		2017		2018		2017		2016		2015		2014
	(28 weeks)		(28 weeks)		(53 weeks)		(52 weeks)		(52 weeks)		(52 weeks)		(52 weeks)
(In millions, except ratio)
Earnings:
Earnings before tax expense	$	3,262	$	985	$	1,484	$	2,914	$	3,094	$	2,649	$	2,282
Fixed charges		615		606		1,132		1,037		903		896		797
Capitalized interest		(5)		(8)		(12)		(13)		(9)		(5)		(5)
Pre-tax earnings before fixed charges	$	3,872	$	1,583	$	2,604	$	3,938	$	3,988	$	3,540	$	3,074
Fixed charges:
Interest	$	341	$	323	$	613	$	535	$	491	$	493	$	448
Portion of rental payments deemed to be interest		274		283		519		502		412		403		349
Total fixed charges	$	615	$	606	$	1,132	$	1,037	$	903	$	896	$	797
Ratio of earnings to fixed charges		6.3		2.6		2.3		3.8		4.4		4.0		3.9

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