Trump hosts the Kennedy Center Honors recognizing Stallone, Kiss, Gaynor and others

WASHINGTON (AP) — President Donald Trump hosted the annual Kennedy Center Honors on Sunday, praising Sylvester Stallone, Kiss, Gloria Gaynor and the other honorees as being “legendary in so many ways.”

“Billions and billions of people have watched them over the years,” Trump, the first president to command the stage instead of sitting in an Opera House box, said to open the show.

He said the honorees, who also include country music superstar George Strait and Tony Award-winning actor Michael Crawford, are “among the greatest artists and actors, performers, musicians, singers, songwriters ever to walk the face of the Earth.”

Since returning to office in January, Trump has made the John F. Kennedy Center for the Performing Arts, which is named after a Democratic predecessor, a touchstone in a broader attack against what he has lambasted as “woke” anti-American culture.

Trump, who said in August that he had agreed to host the show, said Saturday at a State Department dinner for the honorees that he was doing so “at the request of a certain television network.” He predicted the broadcast, scheduled to air Dec. 23 on CBS and Paramount+, would have its best ratings ever.

Trump assumed a role that has been held in the past by journalist Walter Cronkite and comedian and Trump nemesis Stephen Colbert, among others. Before Trump, presidents watched the show alongside the honorees. Trump skipped the honors altogether during his first term.

Asked when he arrived for the ceremony how he had found time to prepare, Trump said he “didn’t really prepare very much.”

“I have a good memory, so I can remember things, which is very fortunate,” the president said. “But just, I wanted to just be myself. You have to be yourself. Johnny Carson, he was himself.”

Commerce Secretary Howard Lutnick, one of several Cabinet secretaries attending the ceremony, said he was looking forward to Trump's hosting job.

“Oh this president, he is so relaxed in front of these cameras, as you know, and so funny, I can’t wait for tonight,” Lutnick said as he arrived with his wife, who is on the Kennedy Center board.

Since 1978, the honors have recognized stars for their influence on American culture and the arts. Members of this year's class are pop-culture standouts, including Stallone for his “Rocky” and “Rambo” movies, Gaynor for her feminist anthem “I Will Survive” and Kiss for its flashy, cartoonish makeup and onstage displays of smoke and pyrotechnics.

Trump said persistence is a trait all the artists share.

“Some of them have had legendary setbacks, setbacks that you have to read in the papers because of their level of fame,” he said from the stage. “But in the words of Rocky Balboa, they showed us that you keep moving forward, just keep moving forward.”

The ceremony was expected to be emotional for the members of Kiss. The band’s original lead guitarist, Ace Frehley, died in October after he was injured during a fall. The band's co-founder Gene Simmons, speaking on the red carpet when he and the other honorees arrived for the ceremony, said the president had assured him there would be an empty chair among the members of Kiss in memory of Frehley.

Stallone said being honored at the ceremony was like being in the “eye of a hurricane.”

“This is an amazing event,” he said. “But you’re caught up in the middle of it. It’s hard to take it in until the next day. ..: but I’m incredibly humbled by it.”

Crawford also said it was “humbling, especially at the end of a career.”

Gaynor said it “feels like a dream” to be honored. "To be recognized in this way is the pinnacle," she said on the red carpet.

Mike Farris, an award-winning gospel singer who was performing for Gaynor, said she is a dear friend. “She truly did survive,” Farris said. "What an iconic song.”

Previous honorees have come from a broad range of art forms, whether dance (Martha Graham, Merce Cunningham), theater (Stephen Sondheim, Andrew Lloyd Webber), movies (Meryl Streep, Tom Hanks) or music (Bob Dylan, Joni Mitchell).

Trump upended decades of bipartisan support for the center by ousting its leadership and stacking the board of trustees with Republican supporters, who then elected him chair. He has criticized the center’s programming and the building’s appearance — and has said, perhaps jokingly, that he would rename it as the “Trump Kennedy Center.” He secured more than $250 million from Congress for renovations of the building.

Presidents of each political party have at times found themselves face to face with artists of opposing political views. Republican Ronald Reagan was there for honoree Arthur Miller, a playwright who championed liberal causes. Democrat Bill Clinton, who had signed an assault weapons ban into law, marked the honors for Charlton Heston, an actor and gun rights advocate.

During Trump’s first term, multiple honorees were openly critical of the president. In 2017, Trump’s first year in office, honors recipient and film producer Norman Lear threatened to boycott his own ceremony if Trump attended. Trump stayed away during that entire term.

Trump has said he was deeply involved in choosing the 2025 honorees and turned down some recommendations because they were “too woke." While Stallone is one of Trump's Hollywood ”special ambassadors" and has likened Trump to George Washington, the political views of Sunday's other guests are less clear.

Strait and Gaynor have said little about their politics, although Federal Election Commission records show that Gaynor has given money to Republican organizations in recent years.

Simmons spoke favorably of Trump when Trump ran for president in 2016. But in 2022, Simmons told Spin magazine that Trump was “out for himself” and criticized Trump for encouraging conspiracy theories and public expressions of racism.

Fellow Kiss member Paul Stanley denounced Trump's effort to overturn his 2020 election defeat to Democrat Joe Biden, and said Trump supporters who stormed the Capitol on Jan. 6, 2021, were “terrorists.” But after Trump won in 2024, Stanley urged unity.

“If your candidate lost, it’s time to learn from it, accept it and try to understand why,” Stanley wrote on X. "If your candidate won, it’s time to understand that those who don’t share your views also believe they are right and love this country as much as you do.”

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Italie reported from New York.

President Donald Trump and first lady Melania Trump, walk the red carpet before the 48th Kennedy Center Honors, Sunday, Dec. 7, 2025, at the John F. Kennedy Center for the Performing Arts in Washington. (AP Photo/Julia Demaree Nikhinson)

President Donald Trump and first lady Melania Trump, walk the red carpet before the 48th Kennedy Center Honors, Sunday, Dec. 7, 2025, at the John F. Kennedy Center for the Performing Arts in Washington. (AP Photo/Julia Demaree Nikhinson)

2025 Kennedy Center Honoree Sylvester Stallone, right, and Jennifer Flavin arrive on the red carpet for the 48th Kennedy Center Honors Medallion Reception, hosted at the U.S. Department of State, Saturday, Dec. 6, 2025 in Washington. (AP Photo/Kevin Wolf)

2025 Kennedy Center Honoree Gloria Gaynor arrives on the red carpet for the 48th Kennedy Center Honors Medallion Reception, hosted at the U.S. Department of State, Saturday, Dec. 6, 2025 in Washington. (AP Photo/Kevin Wolf)

2025 Kennedy Center Honoree George Strait, center left, and his family arrive on the red carpet for the 48th Kennedy Center Honors Medallion Reception, hosted at the U.S. Department of State, Saturday, Dec. 6, 2025 in Washington. (AP Photo/Kevin Wolf)

2025 Kennedy Center Honoree Michael Crawford, center, and his family arrive on the red carpet for the 48th Kennedy Center Honors Medallion Reception, hosted at the U.S. Department of State, Saturday, Dec. 6, 2025 in Washington. (AP Photo/Kevin Wolf)

President Donald Trump, left, speaks as he presents Sylvester Stallone, George Strait, KISS, Gloria Gaynor and Michael Crawford with their Kennedy Center Honors medals in the Oval Office of the White House, Saturday, Dec. 6, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)

The 2025 Kennedy Center Honorees, front row from left, Sylvester Stallone, George Strait, Gloria Gaynor and Michael Crawford; back row from left, members of the rock band KISS, Paul Stanley, Gene Simmons and Peter Criss, pose for a group photo at the 48th Kennedy Center Honors Medallion Reception, hosted at the U.S. Department of State, Saturday, Dec. 6, 2025 in Washington. (AP Photo/Kevin Wolf)

MINNEAPOLIS (AP) — Target is investing another $2 billion in its business this year to spruce up and remodel stores among other projects as it tries to turn around a persistent sales malaise and reclaim its authority on style.

The investment, announced Tuesday at its annual investor meeting in at its headquarters in Minneapolis, comes as the discounter reported another quarter of declining sales and profits amid its struggles to regain its footing with customers who are going elsewhere for fashion, home and other needs.

Tuesday's report offered some hope for the business. The company delivered a solid annual profit outlook that was better than Wall Street had been projecting. It also said it believes net sales will grow every quarter this year.

Target said comparable-store sales rose to start the current quarter.

“This is a new chapter, and it's all about growth,” said CEO Michael Fiddelke, a 20-year company veteran who succeeded longtime CEO Brian Cornell last month.

Fiddelke and other executives detailed plans to turn around Target as investors have been hungry for a return to Target’s former dominance in affordable chic for which it earned it the nickname “Tarzhay” in years past.

Target said that its stores will get the biggest refresh this year than they have had in roughly a decade. The company will invest hundreds of millions of dollars for additional store labor and training. And it plans to open 30 new stores and aims to remodel 130 of its existing stores.

In particular, Target is launching a new beauty area called Target Beauty Studio in 600 stores this fall, which will offer upscale beauty products and beauty services. The new area will partly replace its shops with Ulta, which is ending its partnership in August, the company said.

Fiddelke takes over with Target’s hometown of Minneapolis a front line of sorts in President Donald Trump’s campaign to curb illegal immigration. Some of the company’s stores have become a flashpoint in a pushback against U.S. Immigration and Customs Enforcement. The company has faced pressure to take a public stand against the immigration crackdown.

Even before the immigration clashes, Target had been facing protests and boycotts over the company’s decision to roll back its diversity, equity and inclusion initiatives. Critics believe it's a betrayal of Target’s philanthropic commitment to fighting racial disparities and promoting progressive values in liberal Minneapolis and beyond.

That is outside of a volatile economic and political environment that has been intensified by an aggressive trade campaign under Trump. The White House is now seeking a global tariff of 15%, after the U.S. Supreme Court struck down many of the far-reaching taxes on imports that he had imposed over the last year.

While the pace of inflation has cooled, consumer prices have soared about 25% over the past five years. U.S. companies are facing a hazy outlook with American households hurting, and the Trump administration is trying to work around the Supreme Court ruling to keep his duties in place.

And Target customers have soured on what they see as untended and messy stores with lackluster merchandise.

As the company’s nearly 2,000 store locations have become shipping hubs for online operations, customers say the in-store shopping experience has suffered with staff fulfilling digital orders rather than tending to store aisles.

Target is also facing stiffer competition from Walmart, which has stepped up its focus on fashion and other goods. As many Americans trade down because of inflation, Walmart has gained market share, particularly among households with annual income above $100,000.

Fiddelke has already reshuffled the leadership team at Target, boosted spending on in-store store staffing and made cuts at distribution facilities and regional offices, according to a memo sent to employees in February.

Target said it's focusing merchandise category by category and infusing its assortment with new differentiated items to set itself from its competitors. For example, in the home area, 75% of the company's home decorative assortment will be new.

The company is also reworking its store label brands such as its home goods brand called Threshold. It announced a merchandise collaboration with Roller Rabbit, a brand known for its 1960s-inspired silhouettes and colorful playful prints. The collection of clothing, pajamas and accessories is expected to make its debut at Target this month for a limited time.

The company said it's adding more fashion drops this year and using an artificial intelligence tool to better spot trends. In some examples, it's cutting the time frame from a design concept to store shelves to a matter of weeks from over a year, according to Cara Sylvester, Target’s chief merchandising officer.

And in food, the company is hoping to drive more trips by expanding its fresh produce while also offering innovative items. This year, it plans to increase the amount of newness across the assortment by nearly 50%, it said.

The company earned $2.30 per share, or $1.05 billion, for the three-month period ended Jan. 31. That compares with $2.41 per share, or $1.10 billion, during the year-ago period. Adjusted earnings per share for the most recent quarter was $2.44.

Sales fell 1.5% to $30.45 billion during the latest period. For the full year, sales fell nearly 2% to $104.78 billion.

Analysts were expecting $2.16 per share on sales of $30.46 billion, according to a survey by FactSet.

Comparable sales — sales at established stores and online channels — fell 2.5%, followed by a 2.7% dip in the fiscal third quarter. The latest figure marks 11 quarters out of the past 13 that Target has posted either declines or flattish growth for this measure.

Tuesday’s report offered some hopeful signs for the business. Target said that sales and customer traffic accelerated in the final two months of the quarter. And it saw sales growth in food and beverage, beauty and toys for the latest quarter.

Target said that it expects net sales for the year to increase by 2%, which would mean it expects sales to reach $106.88 billion. That’s a bit above analysts’ expectations of $106.7 billion. Target also anticipates earnings per share to be in the range of $7.50 to $8.50. Analysts are expecting $7.30 per share for the year, according to analysts polled by FactSet.

Products sit on display at a Target store, Monday, March 2, 2026, in Edina, Minn. (AP Photo/Anne D'Innocenzio)

Products sit on display at a Target store, Monday, March 2, 2026, in Edina, Minn. (AP Photo/Anne D'Innocenzio)

FILE - The Target logo displayed on a sign outside a store, Nov. 18, 2025, in Salem, N.H. (AP Photo/Charles Krupa, File)

Products sit on display at a Target store, Monday, March 2, 2026, in Edina, Minn. (AP Photo/Anne D'Innocenzio)