PURCHASE, N.Y. —  PepsiCo Inc., the snack food and soft drink company, said Wednesday that it is restructuring certain operations to cut costs and reduced its year-end forecast to reflect the expense of the changes.

The company did not provide details on the changes, but said they will cost $65 million to $85 million before taxes, or 3 cents per share.

The maker of soft drinks, juices and Frito-Lay snacks said it now expects to report earnings of $2.38 to $2.39 for 2005, down from previous guidance of $2.41 to $2.42 per share.

However, the company backed its forecast for core earnings of $2.64 to $2.65 per share, which excludes a number of items and the year's extra week.

Analysts surveyed by Thomson Financial expect the company to earn $2.65 per share for the year.

"We are tightening our belts wherever we can to be in position to deal more effectively with continued cost pressures next year," Chairman and Chief Executive Steve Reinemund said in a statement. Still, the company said it continues to expect 2006 earnings will grow by low-double digits.