Hasbro
27 named things its latest annual report says its results depend on, each in the company's own words. 19 of them are also named by other companies we've read.
Customers
Walmart Inc.
earns from · 9%named as a riskDuring 2025, Amazon.com, Inc. and Wal-Mart, Inc. accounted for approximately 11% and 9%, respectively, of our consolidated net revenues.Risk factors (Item 1A)
Also named by CAG, CALM, CHD, CL, CPB, GIS, HRL, HSY and 9 more
Top five customers
concentrated in · approximately 35% of our consolidated global net revenuesnamed as a riskIn 2025, net revenues from our top five customers accounted for approximately 35% of our consolidated global net revenues.Business (Item 1)
Amazon.com, Inc.
earns from · 11%named as a riskDuring 2025, Amazon.com, Inc. and Wal-Mart, Inc. accounted for approximately 11% and 9%, respectively, of our consolidated net revenues.Risk factors (Item 1A)
Specialty hobby stores
earns fromnamed as a riskSimilarly, sales of certain products of our Wizards business depend in part on the success of specialty hobby stores.Risk factors (Item 1A)
Suppliers
Original design manufacturers (ODMs)
depends onnamed as a riskIn addition, our increased use of original design manufacturers ("ODMs") to support cost efficiency and speed to market may reduce our direct control over product design, quality, sourcing and manufacturing processes, and any failure by ODM partners to meet our design specifications, quality standards, delivery requirements or compliance obligations could adversely affect our products, brand reputation, margins and results of operations.Risk factors (Item 1A)
Partners and platforms
The Walt Disney Company
depends onnamed as a riskFor example, we have licenses with The Walt Disney Company for the Marvel and Star Wars properties for toys and games, and for our Universes Beyond MAGIC: THE GATHERING sets we have licenses for key brands such as Final Fantasy, Spider-Man, Avatar, and Lord Of The Rings.Risk factors (Item 1A)
TikTok
competes withnamed as a riskFor example, with the use of influencers and media outlets such as Tik Tok, new participants with a popular product idea can gain access to consumers and become a significant source of competition for our products in a very short period of time.Risk factors (Item 1A)
Scopely, Inc.
earns fromDigital licensing was once again led by Monopoly Go!, a mobile game from our partners at Scopely, Inc., and remains a meaningful contributor to licensing revenues.Business (Item 1)
Larian Studios
earns fromthe 2023 release of Baldur's Gate 3, the DUNGEONS & DRAGONS-based role-playing video game from our partners at Larian Studios which won several awards, including Game of the Year at the 10th annual Game Awards; andBusiness (Item 1)
Merlin Entertainment
earns fromLocation-based entertainment focuses on licensing our brands across multiple verticals, including, but not limited to, theme parks, water parks, hotels and resorts, family entertainment centers, retail, dining and entertainment, shows, exhibits and exhibitions such as TRANSFORMERS at multiple Universal Studios theme parks, seven Peppa Pig Theme Parks and several Peppa Pig World of Play experiences with Merlin Entertainment, and Hasbro City, a Hasbro-themed family entertainment center located in Paseo Interlomas, Mexico featuring thrilling theme park rides and experiences, live shows, food and beverage options and the region's first Hasbro-themed retail location.Business (Item 1)
Other companies
Holiday selling season
concentrated in · approximately 60%named as a riskIn 2025 and 2024, the second half of the year accounted for approximately 60% and 58% of full year revenues, respectively, with the third and fourth quarters accounting for approximately 30% and 30%, respectively, of full year net revenues in 2025 and 31% and 27%, respectively, of full year revenues in each of the third and fourth quarters of 2024.Business (Item 1)
Also named by ULTA
Places
China
depends onnamed as a riskMost of our toy and game products are manufactured by third-party manufacturers, a substantial but decreasing number of which are in China, and a significant amount of our product sourcing also coming from manufacturers in the U.S., Vietnam, India and Japan.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
India
depends onnamed as a riskAdditionally, we utilize third-party manufacturers primarily located in the Far East, including China, Vietnam and India, to produce most of our products.Risk factors (Item 1A)
Also named by A, AAPL, ACN, AJG, AKAM, AMZN, AOS, AVGO and 54 more
Vietnam
depends onnamed as a riskWe experienced increases in material costs and shortages for some of our products, due in part to higher wages being paid due to labor shortages in China and Vietnam, as well as periodic and unpredictable manufacturing shut-downs or slow-downs due to COVID-19, political instability in certain port regions and tariffs.Risk factors (Item 1A)
Also named by AAPL, AMKR, ANET, ASO, BBW, CGNX, CIEN, CROX and 16 more
Boston, Massachusetts
operates innamed as a riskThe relocation of our primary headquarters for our toys, board games, licensing and entertainment operations from Rhode Island to Boston, Massachusetts requires substantial investment and could disrupt operations.Risk factors (Item 1A)
Commodities and inputs
Plastic resin
exposed to its pricenamed as a riskRising fuel and raw material prices, due to inflation or otherwise, for paperboard and other components such as resin used in plastics or electronic components, increased transportation and shipping costs, and increased labor costs in the markets in which our products are manufactured all may increase the costs we incur to produce and transport our products, which in turn may reduce our margins, reduce our profitability and harm our business.Risk factors (Item 1A)
Paperboard
exposed to its pricenamed as a riskRising fuel and raw material prices, due to inflation or otherwise, for paperboard and other components such as resin used in plastics or electronic components, increased transportation and shipping costs, and increased labor costs in the markets in which our products are manufactured all may increase the costs we incur to produce and transport our products, which in turn may reduce our margins, reduce our profitability and harm our business.Risk factors (Item 1A)
Regulators
Federal Trade Commission
subject tonamed as a riskAdvertising to children is subject to regulation by the Federal Trade Commission, the Federal Communications Commission and a host of other agencies globally, and the collection of information from children is subject to the provisions of the Children’s Online Privacy Protection Act and other privacy laws around the world.Risk factors (Item 1A)
Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more
Consumer Product Safety Commission (CPSC)
subject tonamed as a riskThe CPSIA empowers the Consumer Product Safety Commission (the “CPSC”) to take action against hazards presented by consumer products, including the formulation and implementation of regulations and uniform safety standards.Business (Item 1)
Also named by ASO, AXON, BBW, CHD, DORM, GNRC, KVUE, PG and 8 more
Laws and programs
General Data Protection Regulation (GDPR)
subject tonamed as a riskIn addition to laws restricting the collection of information from children, our business is subject to other regulations, such as the General Data Protection Regulation in the European Union, which restricts the collection, use, and retention of personal information, as well as data protection laws in the United States and other countries.Business (Item 1)
Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more
Children's Online Privacy Protection Act (COPPA)
subject tonamed as a riskLegislative changes to COPPA are currently under consideration by the U.S. Congress.Business (Item 1)
Also named by APP, BBW, DIS, GOOG, META, MGNI, RBLX, TTWO and 2 more
U.S. tariffs on China imports
subject tonamed as a riskThe current tariff environment, particularly the imposition or threat of tariffs on products manufactured in China for import into the U.S. as well the potential for retaliatory and reciprocal tariffs in other countries in which we do business, has in the past negatively impacted our business and may in the future negatively impact our business, sales and profitability.Risk factors (Item 1A)
Consumer Product Safety Improvement Act of 2008 (CPSIA)
subject tonamed as a riskOur toy and game products sold in the United States are subject to the provisions of The Consumer Product Safety Act, as amended by the Consumer Product Safety Improvement Act of 2008 (as amended, the “CPSIA”), The Federal Hazardous Substances Act (the “FHSA”), The Flammable Fabrics Act (the “FFA”), and the regulations promulgated thereunder.Business (Item 1)
Children's Television Act of 1990
subject toThe Children’s Television Act of 1990 and the rules and regulations of the United States Federal Communications Commission, the rules and regulations of the Federal Trade Commission, as well as the laws of certain other countries, also place limitations on television commercials during children’s programming and on advertising in other forms to children, and on the collection of information from children, such as restrictions on collecting information from children under the age of thirteen subject to the provisions of the Children’s Online Privacy Protection Act ("COPPA").Business (Item 1)
Technology
Artificial intelligence
named as a riskThe use of artificial intelligence in product and game development may also raise intellectual property, data sourcing, ethical or regulatory issues, and disputes or restrictions in these areas could increase costs, delay development or limit the use of certain technologies.Risk factors (Item 1A)