Hasbro (HAS) risk factors: FY2025 10-K

1. Strategic Risks Related to Our Business
2. Our business will suffer if we are not successful in executing our business strategy.
3. Our business will suffer if we are unable to develop, publish and commercialize digital games.
4. We may not realize the full benefit of our licenses from third parties if the licensed material has less market appeal than expected, if revenue from the licensed products is not sufficient to earn out the minimum guaranteed royalties or if licenses are not renewed.
5. Third party licensees and partners of our brands may fail to honor their obligations to us or their actions may put us at risk.reworded
6. Consumer interests change quickly and acceptance of our product offerings are influenced by technological and outside factors, making it difficult to design and develop innovative products and other offerings which are and will continue to be popular with children, families, fans and audiences.reworded
7. Failure to achieve our anticipated cost-savings may impact our ability to operate efficiently and profitably.reworded
8. If we are unable to compete effectively with existing or new competitors, our revenues, market share and profitability could decline.reworded
9. We may not realize the anticipated benefits of acquisitions, dispositions or investments in joint ventures, or those benefits may be delayed or reduced in their realization.
10. Operational Risks Related to our Business
11. Our business may be harmed by the imposition or threat of tariffs, including reciprocal or retaliatory tariffs, in markets in which we operate which could increase our product costs and other costs of doing business, reduce or delay purchases, impact consumer spending, or lower our revenues and earnings.rewordedTariffs
12. An inability to develop, introduce and ship planned products, product lines and new brands in a timely and cost-effective manner could result in excess inventory, a shortage of products or otherwise damage our business.
13. If we are unable to navigate through global supply chain challenges, our business may be harmed.
14. If we are unable to expand our direct-to-consumer relationships, our business may be harmed.new
15. The concentration of our customer base means that economic difficulties or changes in the purchasing or promotional policies or patterns of our major customers could have a significant impact on us.
16. Our substantial business, sales and manufacturing operations outside the U.S. subject us to risks associated with international operations.
17. Our reliance on third-party manufacturers presents risks to our business.new
18. Our dependence on third-party relationships with studios, content producers and distribution channels to develop and distribute digital games and entertainment content is critical to our business.
19. If our vendors or third-party outsourcing partners fail to perform, our business may be harmed.
20. Our success is dependent on the efforts and dedication of our officers and other employees.
21. Our business may be harmed if we are unable to protect our critical intellectual property rights.
22. Failure to successfully operate our information systems and implement new technology effectively could disrupt our business or reduce our sales or profitability.
23. If our electronic data is compromised our business could be significantly harmed.
24. Global and Economic Risks Relating to our Business
25. Economic conditions could impact discretionary consumer spending and harm our business and financial performance.reworded
26. Inflation and other adverse economic conditions in the markets in which we and our consumers, customers, employees, suppliers and manufacturers operate could negatively impact our ability to produce and ship our products, and lower our revenues, margins and profitability.
27. Public health crises may disrupt our business.new
28. Financial Risks Relating to our Business
29. Our quarterly and annual operating results may fluctuate due to seasonality in our business.
30. We have had and may in the future have significant impairment charges that adversely affect our net earnings.
31. Changes in foreign currency exchange rates can significantly impact our reported financial performance.
32. Our indebtedness may limit our availability of cash, cause us to divert cash to fund debt service payments or make it more difficult to take certain other actions.
33. If we were unable to obtain or service our other external financings, or if the restrictions imposed by such financing were too burdensome, our business would be harmed.
34. Changes in, or differing interpretations of, income tax laws and rules, and changes in our geographic operating results, may impact our effective tax rate.
35. Governmental and Legal Risks Relating to our Business
36. We are subject to various government regulations, violation of which could subject us to sanctions or otherwise harm our business. In addition, we could be the subject of future product liability suits or product recalls, which could harm our business.
37. We are involved in litigation, arbitration or regulatory matters where the outcome is uncertain and which could entail significant expense.

Read these in Item 1A · See the changes

Headings in the FY2024 10-K with no match this year.

1. If we are not successful in transforming our supply chain operations, our business may be harmed.
2. If we are unable to adapt our business to the continued shift to direct-to-consumer, our business may be harmed.
3. Our reliance on third-party manufacturers to produce our products, particularly in China, the U.S., Vietnam and India, presents risks to our business.
4. Outbreaks of communicable infections, diseases, or public health pandemics in the markets in which we and our employees, consumers, customers, partners, licensees, suppliers and manufacturers operate, could substantially harm our business.