Visant’s Net Income Slumps on Nearly Flat Net Sales

Net sales for the Memory Book segment were $274.4 million for the six-month period ended July 2, 2011, a decrease of 3 percent, compared to $283.7 million for the six-month period ended July 3, 2010. This decrease was primarily attributable to lower volume.

Net sales of the Marketing and Publishing Services segment decreased $14.5 million, or 8 percent, to $177.5 million for the first six months of fiscal 2011 compared to $192.0 million during the first six months of fiscal 2010. This decrease was primarily attributable to lower volume in our publishing services operations offset by the impact of higher sampling sales including those from the acquisition of Color Optics.