Big Yellow Group PLC (BYG.L) reported that its third-quarter total store revenue for the 54 stores was 16.8 million pounds; an increase of 3.7% from 16.2 million pounds last year. Like-for-like revenue per available foot increased 3.1%.
Total store revenue for the 12 Big Yellow Limited Partnership stores was 2.0 million pounds; an increase of 18% from 1.7 million pounds last year.
The Group said, the December quarter has been its seasonally weakest quarter as usual, with the year’s customer move out levels reflecting a strong summer, which included an unusually high influx of students. The Group said January has started positively with a return to more normal trading and an encouraging book of reservations.
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by RTT Staff Writer
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