EX-99.1 8 exhibit991.htm ADDITIONAL EXHIBITS

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 January 28, 2006 and for the quarters ended May 20, 2006 and May 21, 2005.

  May 20,   May 21, January 28, January 29, January 31, February 1, February 2,
  2006 2005 2006 2005 2004   2003 2002
  (16 weeks)   (16 weeks) (52 weeks) (52 weeks) (52 weeks) (52 weeks) (52 weeks)
  (in millions of dollars)
Earnings:                             
Earnings before tax expense(1)  $  489   $  459   $  1,525   $  286   $  739   $  1,950   $  1,706  
Fixed charges(1)    271     277     895     950     983     1,000     1,032  
Capitalized interest    (4 )    (2 )   (7 )    (5 )    (5 )    (5 )   (9 ) 
 
     Pre-tax earnings before fixed charges  $  756   $  734   $  2,413   $  1,231   $  1,717   $  2,945   $  2,729  
Fixed charges:                             
Interest(1)  $  159   $  161   $  518   $  562   $  609   $  624   $  659  
Portion of rental
payments deemed		                            
to be interest    112     116     377     388     374     376     373  
                                                       
     Total fixed charges  $  271   $  277   $  895   $  950   $  983   $  1,000   $  1,032  
Ratio of earnings to fixed charges(1)    2.8     2.6     2.7     1.3     1.7     2.9     2.6  

(1)      Amounts have been adjusted for the Company’s adoption of SFAS No. 145 on February 2, 2003. Adoption of this Statement required the Company to reclassify the debt extinguishments recorded as extraordinary items in prior periods as interest expense in those periods. These debt extinguishments totaled $19 million, pre-tax, in the fiscal year ended February 1, 2003. There were no debt extinguishments recorded as extraordinary items during the fiscal year ended February 2, 2002.