Visant Posts Smaller Net Loss on Flat Sales

Consolidated Adjusted EBITDA totaled $285.4 million for the nine-month period ended Oct. 1, 2011, a decrease of 3.5 percent compared to Consolidated Adjusted EBITDA of $295.8 million for the comparable period in fiscal year 2010.

Net sales for the Scholastic segment were $49.0 million for the third fiscal quarter of 2011, an increase of 15 percent compared to $42.5 million for the third fiscal quarter of 2010. This increase was primarily attributable to professional championship jewelry volume in the third fiscal quarter of 2011 compared to the third fiscal quarter of 2010.