Inflation and Consumer Disposable Income: Escalating Middle East conflict driving oil price surges and general inflationary pressures (US CPI, Core CPI, PCE) could reduce consumer disposable income, potentially impacting sales of Games Workshop's discretionary hobby products.

Supply Chain Disruptions and Costs: Global supply concerns, exacerbated by geopolitical tensions and OPEC+ adjustments to production, could lead to increased costs for raw materials, manufacturing, and shipping for Games Workshop, which manufactures in the UK.

Currency Volatility: As an international company with approximately 70% of sales outside the UK, Games Workshop's reported earnings can be significantly affected by fluctuations in exchange rates (e.g., GBP against USD and EUR), which may be heightened by global market instability.