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In this tutorial, the presenter teaches viewers how to format dates in Excel when the date data is in text format. The issue arises when attempting to format the date using the "Format Cells" option, as Excel does not recognize the text as a date. To solve this, viewers are instructed to go to the Data tab and select "Text to Columns," ensuring "Delimited" is chosen. After clicking "Next" twice, they should select "MDY" format and then click "Finish" to convert text to date format. Finally, by pressing "Control + 1," users can open the "Format Cells" dialog to adjust the date format as needed, such as "mmm - YY."