Visant Posts Smaller Net Loss on Flat Sales

ARMONK, NY—Nov. 10, 2011—Visant Corp. announced results for its third fiscal quarter ended Oct. 1, 2011, including consolidated net sales of $227.6 million, compared to $224.3 million for its third quarter ended Oct. 2, 2010, an increase of approximately 1 percent.

In addition, Visant reported a consolidated net loss of $12.3 million for the quarter, compared to a consolidated net loss of $21.6 million for the third quarter of 2010. The company's loss position for the third quarter 2011 and 2010 was primarily attributable to higher interest expense and loss on repurchase and redemption of debt resulting from the recapitalization in September 2010 of Visant's and Visant Holding Corp.'s indebtedness.