Investing Club mailbag: Why do some companies have weird fiscal years that don’t align with the calendar?

Hi Jim/Jeff,

Thanks for all the work you do. Had a question about financial reports. For example, Salesforce reported their recent quarter and called it Q1 2024. But when I see the article about estimates from Refinitiv it shows quarter April ’23. I want to understand how do they describe the quarter and fiscal financial year in the quarterly reports?

— Ravi