G8 Education (ASX:GEM) share price on watch after trading update

The G8 Education Ltd (ASX: GEM) share price will be on watch this morning after the release of a trading update.

How is G8 Education performing?

G8 Education has experienced a further recovery in its occupancy since the release of its half year results in August.

According to the release, the childcare centre operator’s like-for-like occupancy currently stands at 75.5%. This represents an occupancy gap of 4.5 percentage points compared to the same period last year. It is also a 5.5 percentage points improvement from its April low at the height of the pandemic.

Another positive is that G8 Education has managed to deliver wage efficiencies in line with its targets for the year. This was driven by the utilisation of its technology…