Why Cramer thinks this retailer is 'incredible'

Lands' End (LE) delivered quarterly earnings results that show "it's incredible how well the company is doing," CNBC's Jim Cramer said Wednesday.

The retailer reported both quarterly profit and revenue above levels a year ago. It also beat expectations from the lone analyst who covers the stock. Lands' End was spun off from Sears (SHLD) in April.

"People have to understand, when Lands' End was funneled from Sears, even though they had to pay that dividend, Lands' End has a great business," Cramer said on " Squawk on the Street ."

To Cramer, the company's strength can be credited to CEO Edgar Huber. He also praised the leadership from its board of directors.

"Lands' End goes higher," he said.