EXHIBIT 12.1 SUPERVALU INC. and Subsidiaries Ratio of Earnings to Fixed Charges For Fiscal Years Ended - ---------------------------------------------------------------------------------------------- (in thousands, except Restated Restated ratios) 2001 2000 1999 1998 1997 - ---------------------------------------------------------------------------------------------- Earnings before income taxes $139,590 $445,393 $316,261 $384,780 $280,512 - ---------------------------------------------------------------------------------------------- Less undistributed earnings of less than fifty percent owned affiliates: (9,429) (6,605) (5,943) (7,388) (15,813) - ---------------------------------------------------------------------------------------------- Earnings before income taxes 130,161 438,788 310,318 377,392 264,699 - ---------------------------------------------------------------------------------------------- Interest expense 212,898 154,482 124,111 133,619 136,831 - ---------------------------------------------------------------------------------------------- Interest on operating leases 29,047 23,838 18,574 18,010 16,950 -------- -------- -------- -------- -------- - ---------------------------------------------------------------------------------------------- $372,106 $617,108 $453,003 $529,021 $418,480 - ---------------------------------------------------------------------------------------------- Total fixed charges 241,945 178,320 142,685 151,629 153,781 - ---------------------------------------------------------------------------------------------- Ratio of earnings to fixed charges 1.54 3.46 3.17 3.49 2.72 - ----------------------------------------------------------------------------------------------