. . . Exhibit 12.1 DEL MONTE FOODS COMPANY AND SUBSIDIARIES STATEMENT RE COMPUTATION OF EARNINGS TO FIXED CHARGES THREE MONTHS ENDED FISCAL YEAR ------------- --------------------------------------- JULY 27, 2003 2003 2002 2001 ------------- ---- ---- ---- (IN MILLIONS, EXCEPT RATIO) EARNINGS: Consolidated pre-tax income (loss) $ 22.5 $ 201.1 $ 261.9 $ (29.3) Interest expense 30.0 45.3 -- -- Interest portion of rent expense(a) 5.6 15.7 4.1 1.7 ----------- ----------- ----------- ----------- Earnings (loss) $ 58.1 $ 262.1 $ 266.0 $ (27.6) =========== =========== =========== =========== FIXED CHARGES: Interest expense $ 30.0 $ 45.3 $ -- $ -- Interest portion of rent expense(a) 5.6 15.7 4.1 1.7 ----------- ----------- ----------- ----------- Fixed charges $ 35.6 $ 61.0 $ 4.1 $ 1.7 =========== =========== =========== =========== FIXED CHARGE RATIO: Ratio of earnings to fixed charges 1.6x 4.3x 64.9x n/a Deficiency of earnings to cover fixed charges $ -- $ -- $ -- $ 29.3 (a) Interest portion of rent expense is assumed equal to 33% of operating lease and rental expense for the period.