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  "documentTitle": "The Goodyear Tire & Rubber Company (GT)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-05-11 00:00:00",
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  "pageNumber": 26,
  "pageCount": 41,
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  "density": "dense",
  "nDataPoints": 12,
  "notes": "Includes a table of store counts by region/banner and a bar chart comparing J.D. Power satisfaction scores.",
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      "kind": "callout",
      "text": "Goodyear’s consumer retail business only accounts for ~7% of total revenue but could be worth nearly the Company's market capitalization",
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      "text": "J.D. Power 2023 U.S. Aftermarket Service Index Satisfaction Study comparing Goodyear Auto Service to segment averages.",
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      "text": "Goodyear owns ~1,025 retail locations globally that are full-service tire and automotive repair stores. We estimate that Goodyear's consumer retail business alone (~715 stores) generates ~$1.5 billion of revenue and ~$195 million of EBITDA.",
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      "kind": "source-note",
      "text": "Source: Company filings. 1. Goodyear owns ~50% of Fountain Tire... 2. Based on reported 5% retail services growth... 3. Goodyear's disclosed 'Retail Services and Service Related Sales' revenue...",
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      "text": "Goodyear's Compelling Retail Platform",
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      "evidence": "The document highlights Goodyear's underperformance, low operating margins, and ineffective go-to-market strategy.",
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