Retail

Cramer ‘flummoxed’ by JCP sales number

Cramer 'flummoxed' by JCP number
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Cramer 'flummoxed' by JCP number

CNBC's Jim Cramer said Tuesday he believes J.C. Penney's expected same-store sales number is good, but "not as good" as he would have expected.

"I remain flummoxed by any retail sales number that isn't terrific because we've seen so many terrific company numbers," Cramer said on "Squawk on the Street."

Last month, Urban Outfitters reported fourth-quarter earnings that beat Wall Street's expectations, stating that same-store sales rose 6 percent during the quarter.

Cramer made his remarks after the company said it inadvertently released its first quarter same-store sales numbers to a securities analyst in an email. The email said the company expects first-quarter sales to rise between 3.5 and 4.5 percent.

Read MoreJC Penney executive inadvertently discloses sales

U.S. retail sales data for the month of March was also released by the Commerce Department on Tuesday. The data showed a 0.9 percent rise in retail sales, snapping a three-month decline blamed in part by harsh winter weather.

J.C. Penney's stock was down more than 3½ percent in morning trading. Click here to see where the stock is trading now.