Associates & Communities Financial Highlights U.S. Comparable Sales Summary Product Category Performance 2-Year Comp above company average in 8 of 15 product categories ABOVE COMPANY AVERAGE (vs. Q1 2021) WE RETURNED $4.7 BILLION to our shareholders through dividends and share repurchases “Our sales this quarter were in line with our expectations, excluding our outdoor seasonal categories that were impacted by unseasonably cold temperatures in April. This quarter we delivered over 65 basis points of operating margin improvement, driven by our Total Home strategy and the execution of our Perpetual Productivity Improvement or PPI initiatives. I would like to thank our front-line associates for their ongoing commitment to our customers and our communities.” – Marvin R. Ellison, Chairman & CEO All 15 Regions Delivered 2-year Comp Growth over +9% Q1 2022 RESULTS +8.5% -7.8% -6.9% +24.0% +35.9% +13.9% FEB MAR APR 2022 2021 +8.5% -8.2% -7.2% +23.9% +37.6% +16.0% FEB MAR APR 2022 2021 -14.2% -8.3% +6.3% <$50 $50–$500 >$500 Consolidated Monthly Comp Performance U.S. Monthly Comp Performance U.S. Comp Sales by Ticket Size Delivering on Initiatives • MVPs Pro Rewards and Partnership Program exceeded expectations • Expanded Market Delivery Model to Kentucky/Tennessee Region (4thmarket) • Expanded utilization of Store Inventory Management System driving additional associate productivity • Launched STAINMASTER extensions into Tile and Vinyl • Lowe's Livable Home in 1,400+ stores and online Launched Lowe’s Hometowns, a five year $100 million investment to improve the communities in which we live and work COMP TRANSACTIONS COMP $103.87 AVERAGE TICKET LOWES.COM SALES GROWTH -13.1% +9.3% +2.4% $23.7B IN SALES -3.1% -3.8% 34.03% GROSS MARGIN +74 basis points 13.96% OPERATING MARGIN +67 basis points $3.51 DILUTED EPS +9.3% ELECTRICAL PAINT ROUGH PLUMBING BUILDING MATERIALS U.S. COMP SALES MILLWORK FLOORING DÉCOR LUMBER KITCHENS & BATH APPLIANCES Exhibit 99.2

Total Home Strategy Providing a full complement of products and services for Pros and Consumers alike, enabling a Total Home solution for every need in the home Market Share Acceleration Drive Pro penetration Accelerate online business Expand installation services Drive localization Elevate assortment