Starbucks, the global coffee giant, experienced its worst post-earnings performance since 2000 last week after its second-quarter earnings fell short of expectations set by Wall Street. Former CEO Howard Schultz took to LinkedIn and candidly stated that the company's "fix needs to begin at home," emphasizing that the decline in Starbucks' US operations was the primary reason behind its fall from grace.

Yahoo Finance Senior Reporter Brooke DiPalma sheds light on how both Schultz and the financial analysts have been gradually losing confidence in the struggling beverage giant. As Starbucks grapples with dwindling sales, all eyes are now on its pricing strategy, which has sparked skepticism among analysts. Despite this, the company's CFO, Rachel Ruggeri, confirmed to Yahoo Finance that Starbucks has no plans to lower its prices.

In an attempt to entice consumers back into its stores, Starbucks has implemented initiatives such as menu innovation and in-app offerings. However, DiPalma raises a valid concern, stating that many remain skeptical about whether these endeavors will be sufficient to reverse the company's fortunes.

Starbucks' lackluster performance has raised concerns among investors and analysts alike. The company's stock price took a notable hit following the disappointing earnings announcement, generating apprehension among shareholders. This downturn is particularly significant because it marks Starbucks' worst post-earnings performance in two decades.

With Schultz drawing attention to the company's domestic operations as the root cause of its struggles, Starbucks now faces the daunting task of regaining its footing and rebuilding confidence in its brand. As the beverage giant navigates these challenges, its ability to implement effective strategies and adapt to the ever-changing demands of the market will be scrutinized closely.

As the financial community watches Starbucks' next moves, it remains to be seen whether the company's current initiatives will prove effective or if bolder measures will be required to restore faith in its brand. Starbucks finds itself at a crossroads, with the need for a comprehensive plan that caters to the concerns of both investors and loyal customers.

In the coming weeks, Starbucks will need to demonstrate its ability to navigate these turbulent times and regain the growth trajectory it was once renowned for. Only time will tell if the company can bounce back from this setback and reclaim its position as a dominant force in the coffee industry.