Homonym: Q1 (Quarter)
Q1, or the first quarter, refers to the initial three months of a calendar year, typically from January 1 to March 31. This period is significant for businesses and organizations as they often assess their performance and set goals for the upcoming months. Financial reports and forecasts are commonly prepared during this time.
In many countries, Q1 is also associated with seasonal changes, as winter transitions to spring. This shift can impact various sectors, including agriculture, retail, and tourism, as consumer behavior and market demands evolve with the changing weather and holidays, such as Valentine's Day and Easter.