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

Net sales for the Memory Book segment were $316.6 million for the nine-month period ended September 28, 2013, a decrease of 3.9 percent, compared to $329.6 million for the nine-month period ended September 29, 2012. This decrease was primarily attributable to lower yearbook volume.

Net sales for the Marketing and Publishing Services segment decreased to $267.7 million for the nine-month period ended September 28, 2013 compared to $276.2 million during the nine-month period ended September 29, 2012. This decrease was primarily attributable to lower volume in our publishing services and sampling operations, partially offset by the impact of sales attributable to the acquisition of Carestia and higher volume in our direct mail operations.