I’m not apologi(s)ing — just expressing surprise at such an unusual occurrence! :)
QRs also add information and help security liquidity based on real data, but also add volatility. There are some mgmt teams who become qtr-obsessed but not that many and not the good ones as a general rule in my experience.
I’ve always simply felt 90 days is too short a period of time to effectively measure overall business performance in too many long-cycle and especially seasonal businesses, and to benchmark performance of longer-term strategic efforts.