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 December 27,1997
Five Years Ended
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December 27, December 28, December 30, December 31, January 1,
1997 1996 1995 1994 1994
(52 Weeks) (52 Weeks) (52 Weeks) (52 Weeks) (52 Weeks)
------------- ------------- ------------- ------------- -----------
(in thousands of dollars)
Earnings
Earnings from continuing
operations before tax
expense, extraordinary
loss and cumulative
effect of change
in accounting............ $ 712,363 $ 567,313 $509,538 $421,363 $283,938
Fixed charges............. 482,338 482,680 489,939 500,599 556,008
Capitalized interest...... (8,550) (10,887) (6,785) (2,521) 230
---------- ---------- -------- -------- --------
$1,186,151 $1,039,106 $992,692 $919,441 $840,176
========== ========== ======== ======== ========
Fixed Charges
Interest.................. $ 294,985 $ 311,958 $320,236 $331,097 $391,693
Portion of rental payments
deemed to be interest.... 187,353 170,722 169,703 169,502 164,315
---------- ---------- -------- -------- --------
$ 482,338 $ 482,280 $489,939 $500,599 $556,008
========== ========== ======== ======== ========
Ratio of Earnings to
Fixed Charges.............. 2.5 2.2 2.0 1.8 1.5