Your favorite cereal brand is making millions, despite seven quarters of falling sales

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Sales for Kellogg's products have fallen for the seventh quarter in a row, which may be hard to believe for all of us who will never be able to resist a a Pop-Tart.

But Kellogg's isn't crying over spilled Special K cereal – In fact, the company has actually seen a major profit, knocking quarterly estimates out of the water.

SEE ALSO: Can millennials push Starbucks, Dunkin' Donuts to greater heights?

How is that possible?

Lower cost of goods sold and cost-cutting across the company are to thank for that.

The company now abides by a zero-based budgeting policy, meaning that all managers have to plan and justify their budget each budget period.

Kellogg's also took advantage of weak demand for its products by "cutting jobs and optimizing production," Money reports.

Both of these strategies worked.

Within one year, as of the beginning of October, Kellogg's saw a whopping $292M net profit.

Even if sales continue to drop off, smart business strategies could continue to pay off big time for the food giant.

Now that's something to cereal-brate!

RELATED: Kellogg's through the years

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HOLLYWOOD, CA - MARCH 05: Actor Taye Diggs attends the unveiling of the new Milk Mustache 'got milk' ad campaign as part of Kellogg's Share Breakfast program at Hollywood & Highland Courtyard on March 5, 2013 in Hollywood, California. (Photo by Imeh Akpanudosen/Getty Images)
NEW YORK, NY - JUNE 26: Atmosphere at the Kellogg's Recharge Bar on June 26, 2014 in New York City. (Photo by Craig Barritt/Getty Images)
NEW YORK, NY - JUNE 25: A general view of atmosphere during the Kellogg's Recharge Bar on June 25, 2014 in New York City. (Photo by Cindy Ord/Getty Images)
NEW YORK, NY - JUNE 25: A general view of atmosphere during the Kellogg's Recharge Bar on June 25, 2014 in New York City. (Photo by Cindy Ord/Getty Images)
NEW YORK, NY - JUNE 25: A general view of atmosphere during the Kellogg's Recharge Bar on June 25, 2014 in New York City. (Photo by Cindy Ord/Getty Images)
SOCHI, RUSSIA - FEBRUARY 14: The new Kellogg's box featuring silver medalist Gus Kenworthy of the United States, gold medalist Joss Christensen of the United States and bronze medalist Nicholas Goepper of the United States is displayed in the Olympic Park on February 14, 2014 in Sochi, Russia. (Photo by Denis Doyle/Getty Images for Kelloggs)
TORONTO, ON - AUGUST 19: Kellogg's Canada started fortifying some of its cereals with Vitamin D at the end of last year and got permission from Health Canada to add it to more, including kids' ones, this summer. (Vince Talotta/Toronto Star via Getty Images)
The Kellogg's logo sits on a box of Fruit 'N Fibre wheat cereal, produced by Kellogg Co. inside a supermarket in Godalming, U.K., on Thursday, May 2, 2013. Consumer confidence unexpectedly declined in April as inflation extended its run above the Bank of England's goal, increasing households' concern about their personal finances. Photographer: Chris Ratcliffe/Bloomberg via Getty Images
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