Exhibit 12.1
Whole Foods Market, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio data)
Sept 26, 2004 | Sept 28, 2003 | Sept 29, 2002 | Sept 30, 2001 | Sept 24, 2000 | |||||||||||
Earnings: | |||||||||||||||
Income from continuing operations before income taxes and equity in losses of unconsolidated affiliate | 215,853 | 164,858 | 132,657 | 88,196 | 71,535 | ||||||||||
Rent expense | 91,192 x 1/3 | | 79,802 x 1/3 | | 67,827 x 1/3 | | 57,677 x 1/3 | | 47,301 x 1/3 | | |||||
One-third of rent expense | 30,397 | 26,601 | 22,609 | 19,226 | 15,767 | ||||||||||
Interest expense | 7,249 | 8,114 | 10,384 | 17,891 | 15,093 | ||||||||||
Fixed charges to add to earnings | 37,646 | 34,715 | 32,993 | 37,117 | 30,860 | ||||||||||
Total available earnings | 253,499 | 199,573 | 165,650 | 125,313 | 102,395 | ||||||||||
Fixed Charges: | |||||||||||||||
Interest expense | 7,249 | 8,114 | 10,384 | 17,891 | 15,093 | ||||||||||
Capitalized interest | 2,132 | 1,385 | 1,433 | 2,112 | 2,274 | ||||||||||
Total interest | 9,381 | 9,499 | 11,817 | 20,003 | 17,367 | ||||||||||
One-third of rent expense | 30,397 | 26,601 | 22,609 | 19,226 | 15,767 | ||||||||||
Total fixed charges | 39,778 | 36,100 | 34,426 | 39,229 | 33,134 | ||||||||||
Ratio of earnings to fixed charges | 6.37 | x | 5.53 | x | 4.81 | x | 3.19 | x | 3.09 | x | |||||