1 EXHIBIT 99.1 Schedule of computation of ratio of earnings to fixed charges of The Kroger Co. and consolidated subsidiary companies for the five fiscal years ended January 29, 2000 and for the two quarters ended May 20, 2000 and May 22, 1999. May 20, May 22, January 29, January 2, December 27, December 28, December 30, 2000 1999 2000 1999 1997 1996 1995 (16 weeks) (16 weeks) (52 weeks) (53 weeks) (52 weeks) (52 weeks) (52 weeks) ----------- ------------- ------------ ------------ ------------ ------------ ------------ (in millions of dollars) Earnings: Earnings before tax expense (credit), and extraordinary loss.... $ 176 $ 347 $ 1,129 $ 871 $ 954 $ 701 $ 591 Fixed charges.......... 334 315 1,031 1,038 679 595 596 Capitalized interest... (2) (2) (5) (9) (10) (12) (11) ------- ------- ------- ------- ------- ------- ------- $ 508 $ 660 $ 2,155 $ 1,900 $ 1,623 $ 1,284 $ 1,176 ======= ======= ======= ======= ======= ======= ======= Fixed charges: Interest............... $ 209 $ 201 $ 659 $ 654 $ 397 $ 361 $ 369 Portion of rental Payments deemed to be interest........ 125 114 372 384 282 234 227 ------- ------- ------- ------- ------- ------- ------- $ 334 $ 315 $ 1,031 $ 1,038 $ 679 $ 595 $ 596 ======= ======= ======= ======= ======= ======= ======= Ratio of earnings to fixed charges.......... 1.5 2.1 2.1 1.8 2.4 2.2 2.0