US natural and organic retailer Sprouts Farmers Market has forecast comparable-store sales in the first quarter of its financial year will rise by 12.5%.
Sprouts, which operates 170 stores in nine states, made the announcement ahead of its planned publication of its results for the quarter to 30 March.
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The disclosure came as investors, including private-equity firm Apollo Global Management, sold more shares in Sprouts, which floated last summer.
The retailer said it expects net sales for the quarter to rise 26% to around US$720m.
Gross margin will be in the range of 30.5-31%, compared to 30.3% for the same period of fiscal 2013, it said.
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