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In this tutorial, the presenter explains how to format dates in Excel when they are initially in text format. The issue arises when attempting to format a date column using the "Format Cells" option, as Excel does not recognize it as a date range. The solution involves going to the "Data" tab and selecting "Text to Columns," ensuring "Delimited" is checked. After clicking "Next" twice and selecting the appropriate date format (e.g., mdy), clicking "Finish" converts the text to date format. The presenter then demonstrates using "Ctrl + 1" to access the "Format Cells" dialog to further customize the date display, suggesting a format of "mmm - YY."