Shares of (NASDAQ: SBUX) plunged nearly 16% following a lackluster fiscal second-quarter earnings report. The stock is now down about 35% over the past year.

Let's look at why Starbucks stock fell, what its turnaround plans are, and whether now is a good time to buy the stock.

With the U.S. and China representing over 60% of Starbucks global locations, these two markets are the most important for the coffeehouse operator. Unfortunately for the company, both markets saw considerable weakness during the quarter.

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Source Fool.com