Exhibit 12.1
Schedule of computation of earnings to fixed charges of The Kroger Co. and
consolidated subsidiary companies and unconsolidated companies as if
consolidated for the periods shown:
Fiscal Years Ended
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February 2, February 3, January 29, January 2, December 27,
2002 2001 2000 1999 1997
(52 Weeks) (53 Weeks) (52 weeks) (53 weeks) (52 weeks)
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Earnings:
Earnings before
tax expense
(credit), and
extraordinary loss........ $ 1,711 $ 1,508 $ 1,102 $ 889 $ 954
Fixed charges................. 1,030 1,058 1,010 1,038 679
Capitalized interest.......... (9) (7) (5) (9) (10)
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$ 2,732 $ 2,559 $ 2,107 $ 1,918 $ 1,623
=========== ============= ============= =============== ================
Fixed charges:
Interest...................... $ 659 $ 683 $ 644 $ 654 $ 397
Portion of rental
payments deemed
to be interest............ 371 375 366 384 282
----------- ------------- ------------- --------------- ----------------
$ 1,030 $ 1,058 $ 1,010 $ 1,038 $ 679
=========== ============= ============= =============== ================
Ratio of earnings to
fixed charges................. 2.7 2.4 2.1 1.8 2.4