Visant Posts Declines in Net Sales Across All Three Market Segments

Net sales for the Scholastic segment were $127.9 million for the second quarter of 2012, a decrease of 6 percent compared to $135.7 million for the second fiscal quarter of 2011. This decrease was primarily attributable to lower volume in our jewelry and announcement products, as well as a shift in jewelry sales metal mix to lower priced metals.