Shares of swimming-pool retail chain Leslie's (NASDAQ: LESL) skyrocketed on Thursday after the company reported financial results for its fiscal second quarter, and after management said that it's on track to meet its full-year goals. As of 1:30 p.m. ET today, Leslie's stock was up 17%.

Without context, most investors wouldn't expect Leslie's stock to be up today. Sales of $189 million were down 11% year over year, and it had a net loss of almost $35 million -- hardly the kind of numbers one would expect to make shares rise.

However, the pool business has a definite season, and Leslie's makes most of its money in the back half of its fiscal year. So investors are accustomed to focusing on guidance and the company's positioning.

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Source Fool.com