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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
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Jan. 31, Jan. 30, Jan. 29, Feb. 3, Feb. 2,
1998 1999 2000 2001 2002
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Earnings:
Earnings (loss) before income taxes
and extraordinary item $ (18,667) $(2,815) $38,588 $(14,101) $(12,074)
Equity in loss of unconsolidated
affiliates -- -- 1,254 1,767 3,083
Add fixed charges (from below) 20,745 26,812 32,137 50,431 70,426
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Adjusted earnings (loss) 2,078 23,997 71,979 38,097 61,435
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Fixed charges:
Interest on indebtedness 3,118 6,894 9,799 24,522 41,449
Interest factor on lease rentals 17,627 19,918 22,338 25,909 28,977
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Total fixed charges 20,745 26,812 32,137 50,431 70,426
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Ratio of earnings to fixed charges -- -- 2.24x -- --
========= ======= ======= ======= ========
Deficiency of earnings to cover fixed
charges 18,667 2,815 -- 12,334 8,991
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