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EXHIBIT 99.1
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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
29, 2000 and for the three quarters ended November 4, 2000 and November 6, 1999.
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<CAPTION>
Three Quarters Ended Fiscal Years Ended
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November 4, November 6, January 29, January 2, December 27, December 28, December 30,
2000 1999 2000 1999 1997 1996 1995
(40 weeks) (40 weeks) (52 weeks) (53 weeks) (52 weeks) (52 weeks) (52 weeks)
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(in millions of dollars)
<S> <C> <C> <C> <C> <C> <C> <C>
Earnings:
Earnings before
tax expense
(credit), and
extraordinary loss.... $ 899 $ 693 $ 1,129 $ 871 $ 954 $ 701 $ 591
Fixed charges.......... 817 784 1,016 1,038 679 595 596
Capitalized interest... (5) (5) (5) (9) (10) (12) (11)
-------- -------- -------- -------- -------- -------- -------
$ 1,711 $ 1,472 $ 2,140 $ 1,900 $ 1,623 $ 1,284 $ 1,176
======== ======== ======== ======== ======== ======== =======
Fixed charges:
Interest............... $ 514 $ 490 $ 644 $ 654 $ 397 $ 361 $ 369
Portion of rental
Payments deemed
to be interest........ 303 294 372 384 282 234 227
-------- -------- -------- -------- -------- -------- -------
$ 817 $ 784 $ 1,016 $ 1,038 $ 679 $ 595 $ 596
======== ======== ======== ======== ======== ======== =======
Ratio of earnings to
fixed charges.......... 2.1 1.9 2.1 1.8 2.4 2.2 2.0
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