1 Exhibit 12.1 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 Fiscal Years Ended ------------------------------------------------------------------------------------------ February 3, January 29, January 2, December 27, December 28, 2001 2000 1999 1997 1996 (53 Weeks) (52 weeks) (53 weeks) (52 weeks) (52 weeks) -------------- -------------- ---------------- ----------------- ---------------- Earnings: Earnings before tax expense (credit), and extraordinary loss......... $ 1,508 $ 1,102 $ 889 $ 954 $ 701 Fixed charges.................. 1,058 1,010 1,038 679 595 Capitalized interest........... (7) (5) (9) (10) (12) -------------- -------------- ---------------- ----------------- ---------------- $ 2,559 $ 2,107 $ 1,918 $ 1,623 $ 1,284 ============== ============== ================ ================= ================ Fixed charges: Interest...................... $ 683 $ 644 $ 654 $ 397 $ 361 Portion of rental payments deemed to be interest............ 375 366 384 282 234 -------------- -------------- ---------------- ----------------- ---------------- $ 1,058 $ 1,010 $ 1,038 $ 679 $ 595 ============== ============== ================ ================= ================ Ratio of earnings to fixed charges................. 2.4 2.1 1.8 2.4 2.2