December 05, 2016 4:00 AM ET

Specialty Retail

Company Overview of Beauty Systems Group LLC

Company Overview

Beauty Systems Group LLC distributes and sells beauty supplies in the United States and Canada. The company provides hair care and nail care products, small electrical appliances, and other beauty items. It sells salon products to beauty professionals through a network of stores and sales consultants. The company was incorporated in 1997 and is based in Denton, Texas. Beauty Systems Group LLC operates as a subsidiary of Sally Holdings LLC.

3001 Colorado Boulevard

Denton, TX 76210

United States

Founded in 1997

Phone:

940-384-2600

Fax:

940-383-8143

Key Executives for Beauty Systems Group LLC

President
Age: 55
Vice President of Finance
Director of Finance
Compensation as of Fiscal Year 2016.

Beauty Systems Group LLC Key Developments

Beauty Systems Group Reports Earnings Results for the First Quarter Ended December 31, 2015

Beauty Systems Group reported earnings results for the first quarter ended December 31, 2015. The company had same-store sales growth of 7.2%. Sales reached $402 million for growth of 6.4%. This performance includes the impact of unfavorable foreign currency exchange of $5.2 million or 1.4% of sales. Operating margin improved 140 basis points to reach 16.4%.

Beauty Systems Group LLC Announces Executive Changes

On July 31, 2015, the board of directors of Sally Beauty Holdings Inc. accepted the resignation of Mr. John R. Golliher from his position as President of Beauty Systems Group, LLC (Beauty Systems Group) and appointed Mr. Mark Spinks as President of Beauty Systems Group, each to be effective on July 31, 2015. Also pursuant to such executive transition, Mr. Golliher has agreed to continue to serve the company i) in his role as Director until October 1, 2015 or such earlier date as the company has elected an independent Board member to fill his position; as chairman of Beauty Systems Group (and a full-time employee) until September 30, 2015 at his previously-disclosed compensation levels; and has entered into a consulting agreement with the company pursuant to which he will continue to provide significant services and advice to the company in exchange for a monthly consulting fee of $20,833.33.

Beauty Systems Group Announces Unaudited Financial Results for the Third Quarter and Nine Months Ended June 30, 2015

Beauty Systems Group announced unaudited financial results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported net sales of $379.297 million against $364.775 million a year ago. Operating earnings were $61.094 million against $57.247 million a year ago. The unfavorable impact of foreign currency exchange on sales was $4.2 million, or 1.1%. Same store sales growth of 5.6% against 2.7% in the fiscal 2014 third quarter. For the nine months, the company reported net sales of $1,122.890 million against $1,081.737 million a year ago. Operating earnings were $173.290 million against $162.964 million a year ago.

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Recent Private Companies Transactions

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