HAS: 10-K Risk Factor Changes

2026 vs 2025  ·  SEC EDGAR  ·  2026-07-05
✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

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New Risks
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Modified
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Unchanged
🔴 No Match in Current Filing Severity6/10Det 6

If we are not successful in transforming our supply chain operations, our business may be harmed.

This section from the 2025 filing does not have a high-confidence textual match in the 2026 filing. It may have been removed, merged, or substantially reworded.

We are continuing to optimize our supply chain by improving our systems and sourcing to enable efficient product deployment, enhance product quality and safety, drive efficiency in transportation and our fulfillment centers, and strengthen our direct-to-consumer operations. This…

View 2025 text

We are continuing to optimize our supply chain by improving our systems and sourcing to enable efficient product deployment, enhance product quality and safety, drive efficiency in transportation and our fulfillment centers, and strengthen our direct-to-consumer operations. This is a long-term project, with no assurance that we will achieve the anticipated efficiencies and benefits from such efforts. If the transformation of our supply chain operations is not 20 20 20 Table of Contents Table of Contents successful, our business may be harmed. Further we may not achieve our anticipated cost savings, and we may face costly inefficiencies or other supply chain disruptions.

🟡 Modified If we are unable to navigate through global supply chain challenges, our business may be harmed. 🔒
🟡 Modified Our business will suffer if we are not successful in executing our business strategy. 🔒
🟡 Modified Economic conditions could impact discretionary consumer spending and harm our business and financial performance. 🔒
🟡 Modified Our business will suffer if we are unable to develop, publish and commercialize digital games. 🔒
🟡 Modified Our reliance on third-party manufacturers presents risks to our business. 🔒
🟡 Modified 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. 🔒
🟡 Modified Our success is dependent on the efforts and dedication of our officers and other employees. 🔒
🟡 Modified If we are unable to expand our direct-to-consumer relationships, our business may be harmed. 🔒
🟡 Modified Public health crises may disrupt our business. 🔒
🟡 Modified If we are unable to compete effectively with existing or new competitors, our revenues, market share and profitability could decline. 🔒
🟡 Modified 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. 🔒
🟡 Modified Failure to achieve our anticipated cost-savings may impact our ability to operate efficiently and profitably. 🔒
12 more changes in this filing

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