Visant Announces Q3 Results, Reports Consolidated Net Loss of $27 Million

Net sales for the Scholastic segment were $44.5 million for the third fiscal quarter of 2013 compared to $41.7 million for the third fiscal quarter of 2012. This increase was primarily attributable to higher volume in professional championship jewelry.

Net sales for the Memory Book segment were $63.2 million for the third fiscal quarter of 2013 compared to $66.5 million for the third fiscal quarter of 2012. This decrease was primarily attributable to lower yearbook volume.