Organic retailer Whole Foods Market reported a 2.3% sales increase to $1.8bn (£1.1 bn) for the fourth quarter to September 27.

Comparable store sales decreased 0.9% versus a 0.4% increase the previous year. Adjusted EBITDA soared 46% to $133.5m (£81.8 m). Chief executive John Mackey said: “We believe our sales have stabilised and officially turned the corner.”

The company posted sales of $8bn (£4.9bn) for the full year, up 1% against the year before. Comparable store sales decreased 3.1%.