Loss narrows at Visant in 3Q
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- November
- 5
Visant Corp., a marketing and publishing services business in Armonk, reported a net loss of $1.9 million during the third quarter, compared to a net loss of $2.8 million a year earlier.
Net sales increased 8 percent to $256.7 million. Sales increased in business units that sell class rings and school yearbooks.
Marc Reisch, chairman and chief executive officer, said in a written statement that the company is focused on cutting costs in a slowing economy. “The significant cost savings from these consolidations will provide important cushion in this difficult economic environment,†he said.
This entry was posted
on Wednesday, November 5th, 2008 at 4:03 pm by Jay Loomis.
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