American health-focused grocery chain Whole Foods Market has reported record-breaking sales in its first quarter despite a shareholder restructure.

Figures show that the company announced a $1 billion share repurchase in November, which left it $1.1 billion in debt, although the chain enjoyed $3.3 billion in sales for the first quarter of this year, which broke last year’s amount of $3.24billion.

Commenting, co-chief executive of Whole Foods Market, Walter Robb, said: “Over the long term as we improve our price perception, better communicate our higher quality standards and differentiation, and continue to fundamentally evolve our business.”

With 436 stores worldwide, most of the UK stores are located in London and whilst the company are known for its costly products, Whole Foods will soon be offering “digital coupons” via its mobile app.