For major corporations alot of major things happen in january. This is a critical month.
It wraps up w4 and starts q1. You will see bery major changes in january that will not be favorable.
You dont need a source..you need common sense and a lesson in business 101.
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No because regardless of when their year is.
Its the same for the irs and the dow and jones
There is a difference between fiscal year and calendar year. Not all companies follow a calendar year for reporting. Your company may or may not.
It is possible for a company to have their “year” end in a different month, like June.
So January may not mean anything other than they want to get these expenses and charges booked prior to the new CEO started.
Notice m.m. is receiving her 3.7 million bonus thT was just announced yesterday
Google it
Key month in business and around the world
Its like when people set their new years eve resolutions companies do to.
Quarter 4 is wrap up month for all companies
Thats when they finalize their earnings, have to report their proxy or at least finalize things up
Quarter 1 thats like the official new years day for all businesses.
They release and gage how they did q4 etc they are able to size up the company better and see clearly what needs to go. Im sorry i do have a bachelors
Let me not continue but this isnt new.
No you dont.
The source is seeing it unfold before your eyes and you relived it many times before
You need a source when January hasn't been an issue in recent years.