Supervalu (SVU) 10-Q 2005 Q2 Quarterly report

Exhibit 12

SUPERVALU INC.

Ratio of Earnings to Fixed Charges

(unaudited)

	Second Quarter			Fiscal Year-to-Date			Fiscal Year End			Fiscal Year End			Fiscal Year End			Fiscal Year End
	September 11, 2004			September 11, 2004			February 28, 2004			February 22, 2003			February 23, 2002			February 24, 2001
Earnings before income taxes	$	124,660		$	362,688		$	454,880		$	408,004		$	331,998		$	139,590
Less undistributed earnings of less than fifty percent owned affiliates		(1,512	)		(2,410	)		(15,793	)		(16,368	)		(13,450	)		(9,429	)
Earnings before income taxes		123,148			360,278			439,087			391,636			318,548			130,161
Interest expense		29,422			77,873			165,581			182,499			194,294			212,898
Interest on operating leases		9,405			21,356			44,280			44,864			35,971			29,047
Subtotal		161,975			459,507			648,948			618,999			548,813			372,106
Total fixed charges	$	38,827		$	99,229		$	209,861		$	227,363		$	230,265		$	241,945
Ratio of earnings to fixed charges		4.17			4.63			3.09			2.72			2.38			1.54