Fiscal Calendar·La-Z-Boy

FY—

Starts— Ends— Weeks—53-wk Q-ends—

How it works. The fiscal year always ends on the last Saturday of April. Fiscal weeks run Sunday through Saturday, and fiscal months are built from full weeks rather than calendar dates — so a fiscal month always starts on a Sunday and ends on a Saturday, usually shifted a few days off from the calendar month it shares a name with. Each quarter is 13 weeks long: the first month has 5 weeks, the next two have 4 each.

Why some years have 53 weeks. Fifty-two fiscal weeks add up to 364 days — one day short of a normal calendar year (two short of a leap year). Those missing days build up over time, and every 5 or 6 years the calendar has to absorb them by inserting a 53rd week, which keeps the year-end anchored to late April. When it happens, the extra week is added onto April, so April has 5 weeks that year instead of 4 and the fiscal year totals 53 weeks instead of 52.

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