Starbucks (NASDAQ: SBUX) just had one of the worst weeks in its history.

The global coffee chain experienced its largest post-earnings stock price decline since 2000. It reported falling comparable sales and slashed guidance for the year, and management offered little more than empty buzzwords as a plan to stem the slide.

Globally, comparable sales were down 4% in the fiscal second quarter, including a 6% decline in transactions. There didn't seem to be a geographical bright spot for the company, either. North America and U.S. comparable sales fell 3%, including a 7% comparable sales decline, and China comps were down 11%. Starbucks has long touted China as its top growth market, so those results are especially disappointing, especially as the company was experiencing growth in all major markets just a few quarters ago.

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Source Fool.com