Exhibit 12.1
Twelve Weeks Ended | |||||||
November 17, | November 18, | ||||||
Earnings | 2007 | 2006 | |||||
Income before income taxes | $ | 209,313 | $ | 195,903 | |||
Fixed charges | 39,854 | 37,945 | |||||
Less: Capitalized interest | (287 | ) | (331 | ) | |||
Adjusted earnings | $ | 248,880 | $ | 233,517 | |||
Fixed charges | |||||||
Gross interest expense | $ | 28,635 | $ | 27,613 | |||
Amortization of debt expense | 415 | 409 | |||||
Interest portion of rent expense | 10,804 | 9,923 | |||||
Total fixed charges | $ | 39,854 | $ | 37,945 | |||
Ratio of earnings to fixed charges | 6.2 | 6.2 |
Fiscal Year Ended August | ||||||||||||||||
2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||
(52 weeks) | (52 weeks) | (52 weeks) | (52 weeks) | (52 weeks) | ||||||||||||
Earnings | ||||||||||||||||
Income before income taxes | $ | 936,150 | $ | 902,036 | $ | 873,221 | $ | 905,902 | $ | 833,007 | ||||||
Fixed charges | 170,852 | 156,976 | 144,930 | 130,278 | 121,129 | |||||||||||
Less: Capitalized interest | (1,376 | ) | (1,985 | ) | (1,079 | ) | (813 | ) | (791 | ) | ||||||
Adjusted earnings | $ | 1,105,626 | $ | 1,057,027 | $ | 1,017,072 | $ | 1,035,367 | $ | 953,345 | ||||||
Fixed charges | ||||||||||||||||
Gross interest expense | $ | 121,592 | $ | 110,568 | $ | 102,341 | $ | 89,600 | $ | 79,301 | ||||||
Amortization of debt expense | 1,719 | 1,559 | 2,343 | 4,230 | 7,334 | |||||||||||
Interest portion of rent expense | 47,541 | 44,849 | 40,246 | 36,448 | 34,494 | |||||||||||
Total fixed charges | $ | 170,852 | $ | 156,976 | $ | 144,930 | $ | 130,278 | $ | 121,129 | ||||||
Ratio of earnings to fixed charges | 6.5 | 6.7 | 7.0 | 7.9 | 7.9 | |||||||||||