gold stocks postpage LB desk

Zebit (ASX:ZBT) posts record Black Friday sales

  • December 04, 2020 12:45 PM AEDT
  • Team Kalkine
Zebit (ASX:ZBT) posts record Black Friday sales


  • Zebit posted A$1.63 million in net sales on Black Friday, up 29.9 per cent as against the corresponding day of 2019.
  • E-commerce firm approved a record 3,000 new customers in a single day.
  • The cmpany reiterates that it’s all set to achieve the FY20 forecast.
non AMP MTF 10th feb webinar

E-commerce company Zebit (ASX:ZBT) on Friday said that it had achieved record Black Friday sales. It delivered A$1.63 million in net sales on the day, which is up 29.9 per cent as against the corresponding day of 2019. Total net sales for the first two months of the fourth quarter of 2020 stood at A$23.5 million as against A$19.3 million in the corresponding period of last year. Zebit also declared a record approval for 3,000 new customers given in a single day.

Image Source: Shutterstock

The company is also of the view that it is all set to achieve the FY20 forecast. ZBT continues to witness robust credit performance resulting in widening contribution margin. Its’ also seen as world-class by the customers since it bagged a stellar Net Promoter Score of 79 in the month of November. Zebit also continued the momentum of a strong Contribution Margin in Q4 FY20(Gross Margin - Bad Debt Reserve).

Source: Zebit ASX update, 4 December 2020

Commenting on the update, Zebit President and CEO, Marc Schneider, said that the company is happy with the trading results in the last few months and the sales recorded in the first two months of the fourth quarter indicate how robust the December quarter is expected to be. Q4 is seasonally the strongest quarter for the company, and it is entering the period with a strong drive, Schneider added.

READ MORE: E-commerce stocks that can light up your Christmas season

Image: ShutterStock

Shares of Zebit are trading at A$0.985, up 0.044 points, or 4.787 per cent at 12:22 AM on 4 December 2020.

About Zebit

California, US, based e-commerce and BNPL company provides access to a range of products to its customers along with a facility to pay in instalments over six months without any predatory late fees or interest charges. Founded in the year 2015, the company operates in 50 stores in the US.



The website is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK