Exhibit 12.1 SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES OF THE KROGER CO. AND CONSOLIDATED SUBSIDIARY COMPANIES AND UNCONSOLIDATED COMPANIES AS IF CONSOLIDATED FOR THE FIVE FISCAL YEARS ENDED JANUARY 1, 1994 Five Years Ended ------------------------------------------------------------------------ January 1, January 2, December 28, December 29, December 30, 1994 1993 1991 1990 1989 (52 Weeks) (53 Weeks) (52 Weeks) (52 Weeks) (52 Weeks) ----------- ----------- ------------ ------------ ------------ (in thousands of dollars) Earnings Earnings (loss) from continuing operations before tax expense(credit), extraordinary loss and cumulative effect of change in accounting . . . . . . . . $283,938 $173,415 $168,595 $142,203 ($8,739) Fixed charges. . . . . . . . . 556,008 640,004 687,226 708,455 788,239 Capitalized interest . . . . . 230 (960) 122 (39) (839) -------- -------- -------- -------- -------- $840,176 $812,459 $855,943 $850,619 $778,661 ======== ======== ======== ======== ======== Fixed Charges Interest . . . . . . . . . . . $391,693 $476,932 $536,485 $565,540 $651,038 Portion of rental payments deemed to be interest . . . . 164,315 163,072 150,741 142,915 137,201 -------- -------- -------- -------- -------- $556,008 $640,004 $687,226 $708,455 $788,239 ======== ======== ======== ======== ======== Ration of Earnings to Fixed Charges. . . . . . . . . 1.5 1.3 1.2 1.2 - Dollar Deficiency of Coverage . . . . . . . . . . . N/A N/A N/A N/A ($9,578)