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
2, 2002 and for the two quarters ended August 17, 2002 and August 18, 2001.
August 17, August 18, February 2, February 3, January 29, January 2, December 27,
2002 2001 2002 2001 2000 1999 1997
(16 weeks) (16 weeks) (52 weeks) (53 weeks) (52 weeks) (53 weeks) (52 weeks)
------------ ------------ ------------- ------------ ------------ ------------ -----------
(in millions of dollars)
Earnings:
Earnings before
tax expense
(credit), and
extraordinary loss ..... $ 1,047 $ 917 $ 1,711 $ 1,508 $ 1,102 $ 889 $ 954
Fixed charges ........... 530 565 1,030 1,058 1,010 1,038 679
Capitalized interest .... (2) (6) (9) (7) (5) (9) (10)
------- -------- -------- -------- -------- -------- --------
$ 1,575 $ 1,476 $ 2,732 $ 2,559 $ 2,107 $ 1,918 $ 1,623
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Fixed charges:
Interest ................ $ 328 $ 363 $ 659 $ 683 $ 644 $ 654 $ 397
Portion of rental
Payments deemed
to be interest ......... 202 202 371 375 366 384 282
------- -------- -------- -------- -------- -------- --------
$ 530 $ 565 $ 1,030 $ 1,058 $ 1,010 $ 1,038 $ 679
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Ratio of earnings to
fixed charges ........... 3.0 2.6 2.7 2.4 2.1 1.8 2.4