NEW YORK (TheStreet) -- Abercrombie & Fitch (ANF - Get Report) surprised investors by reporting a 2015 third quarter earnings and revenue beat before the market open today, proving that it is doing a "remarkable job" compared to competitors such as Gap (GPS), Jim Cramer said on CNBC's Squawk on the Street this morning.

"This is back to being a company that is under-promising and is over-delivering," Cramer added. He noted that Abercrombie has had better success without a CEO than with former CEO Mike Jefferies.

Fellow retailer Ross Stores (ROST) also reported a third quarter earnings and revenue beat, after the market close on Thursday, following mostly disappointing earnings results from retailers last week.

Cramer pointed out that bargain retailers such as Ross Stores and TJX Cos. (TJX) reported strong quarterly earnings, whereas non-discount, mall-based retailers such as Macy's (M) and Nordstrom (JWN) are struggling.

L Brands (LB) is one of the few "supermall survivors," Cramer said. 

Perhaps unsurprisingly, then, companies "who spent a lot of money online are winners," Cramer noted.

Even though Target (TGT) posted third quarter earnings in line with estimates and a revenue beat, its stock declined on Wednesday because digital sales climbed just 20% compared to last quarter's 30%. 

Cramer noted that, actually, he carries the mall with him at all times, and held up his smartphone.

"The mall is finished," he said.

Separately, TheStreet Ratings team rates ABERCROMBIE & FITCH as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate ABERCROMBIE & FITCH (ANF) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: ANF

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.