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EXHIBIT 12.1
PETCO ANIMAL SUPPLIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
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Fiscal Year Ended 39 Weeks Ended
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Feb. 1, Jan. 31, Jan. 30, Jan. 29, Feb. 3, October 28, November 3,
1997 1998 1999 2000 2001 2000 2001
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Earnings:
Earnings (loss) before income taxes
and extraordinary item $(16,231) $(18,667) $(2,815) $38,588 $(14,101) $(32,167) $ 2,947
Equity in loss of unconsolidated
affiliates -- -- -- 1,254 1,767 1,290 2,505
Add fixed charges (from below) 16,535 20,745 26,812 32,137 50,431 30,303 53,464
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Adjusted earnings (loss) 304 2,078 23,997 71,979 38,097 (574) 58,916
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Fixed charges:
Interest on indebtedness 2,779 3,118 6,894 9,799 24,522 11,214 32,037
Interest factor on lease rentals 13,756 17,627 19,918 22,338 25,909 19,089 21,427
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Total fixed charges 16,535 20,745 26,812 32,137 50,431 30,303 53,464
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Ratio of earnings to fixed charges -- -- -- 2.24x -- -- 1.10x
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Deficiency of earnings to cover fixed
charges 16,231 18,667 2,815 -- 12,334 30,877 --
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