EXHIBIT 12.1
ADVANCE STORES COMPANY, INCORPORATED
SCHEDULE OF EARNINGS TO FIXED CHARGES
Historical
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Sixteen
Weeks
Ended
Fiscal Year Ended April 25,
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1993 1994 1995 1996 1997 1998
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(dollars in thousands)
Income (loss) before income taxes $17,754 $36,285 $28,353 $33,947 $35,042 ($4,127)
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Fixed charges:
Interest expense 2,031 3,633 6,327 6,221 7,732 3,414
Interest portion of rentals 5,280 7,400 10,395 12,868 16,099 5,806
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Total fixed charges 7,311 11,033 16,722 19,089 23,831 9,220
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Earnings before income taxes and fixed charges $25,065 $47,318 $45,075 $53,036 $58,873 $5,093
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Ratio of earnings to fixed charges (2) 3.43 4.29 2.70 2.78 2.47 --
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Proforma (1)
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Sixteen
Weeks
Ended
Fiscal Yr April 25,
1997 1998
----------------------------
Income (loss) before income taxes $ 8,417 $(11,929)
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Fixed charges:
Interest expense $34,357 11,216
Interest portion of rentals 16,099 5,806
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Total fixed charges 50,456 17,022
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Earnings before income taxes and fixed charges $58,873 $ 5,093
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Ratio of earnings to fixed charges (2) 1.17 --
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(1) Adjusted to reflect impact of recapitalization of the Parent.
(2) Ratio of earnings to fixed charges has not been computed since earnings were
not sufficient to cover fixed changes. The coverage deficiency was $4,127
for the historical sixteen weeks ended April 25, 1998 and $11,929 for the
pro forma sixteen weeks ended April 25, 1998.