Visant Posts Smaller Net Loss on Flat Sales

Visant's consolidated Adjusted EBITDA was $45.4 million for the third fiscal quarter of 2011, an increase of $0.5 million compared to $44.9 million for the third fiscal quarter of 2010.

For the nine months ended Oct. 1, 2011, Visant’s consolidated net sales were $971.5 million, a decrease of 1.8 percent compared to $989.4 million for the first nine months ended Oct. 2, 2010. Consolidated net income decreased to $29.8 million, compared to net income of $76.1 million for the comparable period in fiscal year 2010, with the decrease primarily attributable to higher interest expense as a result of the 2010 recapitalization.