Visant’s Net Income Slumps on Nearly Flat Net Sales

ARMONK, NY—Aug. 11, 2011—Visant Corp. announced results for its second fiscal quarter ended July 2, 2011, including consolidated net sales of $493.1 million, compared to $499.1 million for its second quarter ended July 3, 2010, a decrease of approximately 1 percent. In addition, it reported consolidated net income of $60.6 million for the quarter, compared to net income of $92.2 million for the second quarter of 2010. This decrease was primarily attributable to higher interest expense resulting from the recapitalization in September 2010 of Visants and Visant Holding Corp.’s indebtedness.