In the world of government, the fiscal calendar
runs from July 1 of one year to June 30 of the next.
"Sizable changes are impacting the company's business model, including segment mix, related financing activities, shares outstanding, onetime transaction costs and fiscal calendar
alignment," adds Noddle.
Independence Day holiday was one day later in the company's fiscal calendar
this year than it was in 2001.
Burlington operates on an October-September fiscal calendar
The primary contributor to the difference between the increase in comparable store sales and the decrease in total company sales is the shift in the company's fiscal calendar
for the 53rd week in fiscal 2017 and the timing of the Call of Duty launch.
That's about 2.85 percent less than budgeted and 3 percent less than collected through the first three quarters of last year's fiscal calendar
'It is the third quarter when we start getting requests for scholarships But the fact is the academic calendar is not in sync with the fiscal calendar
. That puts us at a disadvantage because we have to work with the academic institutions,' Licuanan said.
Last year [he company adopted a new fiscal calendar
, and the new fiscal year began on February 2, 2003.