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 February
3, 2001 and for the two quarters ended May 26, 2001 and May 20, 2000.
May 26, May 20, February 3, January 29, January 2, December 27, December 28,
2001 2000 2001 2000 1999 1997 1996
(16 weeks) (16 weeks) (53 weeks) (52 weeks) (53 weeks) (52 weeks) (52 weeks)
-------------- -------------- -------------- -------------- ------------- -------------- -------------
(in millions of dollars)
Earnings:
Earnings before
tax expense
(credit), and
extraordinary loss.... $ 498 $ 166 $ 1,508 $ 1,102 $ 889 $ 954 $ 701
Fixed charges.......... 327 324 1,058 1,010 1,038 679 595
Capitalized interest... (3) (2) (7) (5) (9) (10) (12)
-------- -------- -------- -------- -------- -------- -------
$ 822 $ 488 $ 2,559 $ 2,107 $ 1,918 $ 1,623 $ 1,284
======== ======== ======== ======== ======== ======== =======
Fixed charges:
Interest............... $ 209 $ 209 $ 683 $ 644 $ 654 $ 397 $ 361
Portion of rental
Payments deemed
to be interest........ 118 115 375 366 384 282 234
-------- -------- -------- -------- -------- -------- -------
$ 327 $ 324 $ 1,058 $ 1,010 $ 1,038 $ 679 $ 595
======== ======== ======== ======== ======== ======== =======
Ratio of earnings to
fixed charges.......... 2.5 1.5 2.4 2.1 1.8 2.4 2.2