FOR IMMEDIATE RELEASE
January 30, 2006

CSS INDUSTRIES, INC. REPORTS SALES AND EARNINGS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2005

CSS Industries, Inc. (NYSE:CSS) announced today the results of operations for the third quarter and nine months ended December 31, 2005. For the quarter ended December 31, 2005, sales increased by 2% to $251,796,000 from $247,169,000 in the prior year. Net income was essentially flat at $23,924,000 compared to prior year net income of $23,971,000, while earnings per share increased 14% to $2.18 per diluted share from $1.91 per diluted share in the prior year. The increase in earnings per diluted share was the result of stock repurchases in March 2005 and fiscal 2006.

For the nine months ended December 31, 2005, sales decreased by 1% to $473,333,000 from $478,435,000 in 2004. Net income decreased 16% to $29,508,000 compared to prior year net income of $35,177,000. For the nine months ended December 31, 2005, earnings per diluted share declined 4% to $2.69 per diluted share from $2.79 per diluted share as lower earnings were partially offset by a 13% reduction in the number of diluted shares outstanding due to the repurchase of stock in March 2005 and during fiscal 2006. The Company’s highly seasonal orientation results in operating losses in the first and fourth quarters of the fiscal year and operating profits in the second and third quarters.

The increase in sales for the quarter ended December 31, 2005 was primarily the result of customer requested shifts of Christmas shipments from September to October as well as the earlier timing of Valentine shipments from the fourth quarter to the third quarter in the current fiscal year. The decrease in net income for the quarter ended December 31, 2005 was primarily due to increased product and freight costs related to our gift wrap and tissue product lines, offset by higher sales, including the effect of a reduction in customer program expense. The decrease in sales for the nine months ended December 31, 2005 was primarily due to lower sales of Christmas gift wrap, boxed greeting cards and everyday ribbons and bows, partially offset by improved sales of gift bags and tissue as well as the earlier shipment of Valentine products as described above. The decrease in net income for the nine months ended December 31, 2005 was primarily attributable to the impact of this lower sales volume and higher product and freight costs related to our gift wrap and tissue product lines, partially offset by the effect of a reduction in customer program expense and decreased selling, general and administrative expenses, primarily related to incentive compensation.

“Our previous guidance of earnings per share growth for fiscal 2006 was zero to five percent over the prior year. Results for the quarter did not meet our expectations primarily as a result of product cost increases and excessive delivery costs related to our gift wrap and tissue product lines. These factors, combined with reduced expectations for sales in non-seasonal product lines, have led us to reduce our earnings per share guidance for the full year. We now expect earnings per share for the full year to decline between 5% and 10% compared to last year. Significant management changes have been made to address the primary causes of this poor performance,” said David Erskine, President and CEO.

CSS is a consumer products company primarily engaged in the manufacture and sale to mass market retailers of seasonal, social expression products, including gift wrap, gift bags, boxed greeting cards, gift tags, tissue paper, paper and vinyl decorations, classroom exchange Valentines, decorative ribbons and bows, Halloween masks, costumes, make-ups and novelties, educational products and Easter egg dyes and novelties.

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements relating to expected future earnings and financial performance. Forward-looking statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to the Company’s management as to future events and financial performance with respect to the Company’s operations. Forward-looking statements speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect the events or circumstances arising after the date as of which they were made. Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors, including without limitation, general market conditions, increased competition, increased operating and product costs, including labor-related and energy costs, currency risks and other risks associated with international markets, the risk that customers may become insolvent, costs of compliance with governmental regulations and government investigations, liability associated with non-compliance with governmental regulations, including regulations pertaining to the environment, Federal and state employment laws, and import and export controls and customs laws, and other factors described in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2005 and elsewhere in the Company’s SEC filings. As a result of these factors, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, the Company.

CSS’ consolidated results of operations for the three and nine months ended December 31, 2005 and 2004 and consolidated condensed balance sheets as of December 31, 2005, March 31, 2005 and December 31, 2004 follow:

CSS INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED RESULTS OF OPERATIONS (Unaudited)

(In thousands, except per share amounts) Three Months Ended December 31, Nine Months Ended December 31, 2005 2004 2005 2004 SALES $251,796      $247,169      $473,333      $478,435 COSTS AND EXPENSES      Cost of sales 189,367      184,656      357,808 353,270      Selling, general and administrative expenses 23,870      24,221      66,905      68,984      Interest expense, net 1,483      906      2,982      2,032      Other income (47 )     49      (182 )     (643 ) $214,673      $209,832      $427,513      $423,643 INCOME BEFORE INCOME TAXES 37,123      37,337      45,820      54,792   INCOME TAX EXPENSE 13,199      13,366      16,312      19,615 NET INCOME $  23,924      $  23,971      $  29,508      $  35,177   NET INCOME PER COMMON SHARE      Basic $2.27      $2.01      $2.81      $2.95      Diluted $2.18      $1.91      $2.69      $2.79   WEIGHTED AVERAGE SHARES OUTSTANDING      Basic 10,538      11,952      10,483      11,929      Diluted 10,979      12,523      10,967      12,607   CASH DIVIDENDS PER SHARE OF COMMON STOCK $.12      $.10      $.36      $.30   COMPREHENSIVE INCOME      Net income $23,924      $23,971      $29,508 $35,177      Foreign currency translation adjustment —      (8 )     —      (3 )      Comprehensive income $23,924      $23,963      $29,508      $35,174

CSS INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(In thousands) Dec 31, 2005 Mar 31, 2005 Dec 31, 2004   ASSETS   CURRENT ASSETS      Cash and cash equivalents $  18,376      $  57,333      $  18,845      Accounts receivable, net 200,194      37,273      214,715      Inventories 84,931      101,867      81,652      Deferred income taxes 8,782      8,199      7,491      Other current assets 13,826      13,945      13,719          Total current assets 326,109      218,617      336,422 PROPERTY, PLANT AND EQUIPMENT, NET 71,652      75,402      77,681 OTHER ASSETS      Intangible assets, net 35,398      35,468      35,506      Other 4,073      4,419      4,852          Total other assets 39,471      39,887      40,358          Total assets $437,232      $333,906      $454,461   LIABILITIES AND STOCKHOLDERS' EQUITY   CURRENT LIABILITIES      Notes payable $  57,900      $        —      $  19,000      Current portion of long-term debt 10,238      10,442      10,000      Other current liabilities 85,599      56,297      95,609          Total current liabilities 153,737      66,739      124,609 LONG-TERM DEBT, NET OF CURRENT PORTION 30,560      40,000      40,000 LONG-TERM OBLIGATIONS 3,541      3,607      3,602 DEFERRED INCOME TAXES 7,430      7,071      6,451 STOCKHOLDERS' EQUITY 241,964      216,489      279,799          Total liabilities and stockholders' equity $437,232      $333,906      $454,461