this post was submitted on 22 Mar 2024
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For Best Buy "Fiscal '24' is February 2023 to January 2024
Fiscal '25 is February 2024 to January 2025.
It's dumb, I know.
as a retailer, might make a lot of sense not trying to close the books every year within a week of Christmas?; OR to prevent all the accountants from working overtime in that period?
my company's FY is June-May
It's definitely not for over time LMAO. Corporate ain't give a shit bout that.
It's so that they can close with the Christmas rush.
makes sense, thanks!