While VF Corp. has been more of a seller than a buyer in recent years, company officials still sees M&A as its number one priority from a capital allocation standpoint.
“History has shown and we continue to believe that M&A is our highest and best use of capital,” said Scott Roe CFO and VP, late last week at the company’s annual Investor Day. “And it remains our first priority.”
The challenge is finding available candidates that fit VF’s stringent criteria. Said Roe, “The problem is they’re really hard to time, they’re really hard to size.”
