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Shake Shack & Wingstop: Navigating Q3 Waters

Shake Shack and Wingstop face new Q3 dynamics: growth through expansion, selective consumers, and strong promos.

By 
Bracha Arnold
October 27, 2025
Shake Shack & Wingstop: Navigating Q3 Waters
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Key Takeaways
  • Shake Shack (SHAK) visits rose 15.1% year-over-year (YoY, compared to 2024) in Q3 2025, driven by rapid expansion. Same-store visits dipped 1.0%, reflecting steady but plateauing in-store performance.
  • Wingstop (WING) visits dropped by 2.8% YoY in Q3 2025, with same-store visits down 8.8% – partly reflecting a tough comparison to an exceptionally strong Q3 2024. 
  • Both brands saw meaningful visit increases during key campaigns: Wingstop’s National Chicken Wing Day and Shake Shack’s free ShackBurger promotion and Dubai Chocolate Shake launch both drove visits well above weekly averages.

For much of the past few years, Shake Shack and Wingstop seemed unstoppable, riding the fast-casual boom with strong traffic, loyal followings, and steady expansion. But as consumer spending patterns evolve, the latest visitation data suggests both brands are entering a new phase. We took a closer look at their Q3 visitation trends to see what foot traffic trends reveal about their performance. 

Shaking Things Up

Diving into Shake Shack’s foot traffic reveals the story of a brand growing through expansion. Overall visits to the chain grew by 15.1% in Q3 2025, an impressive increase in a period of cooling consumer sentiment. However, same-store visits slowed slightly, suggesting that this growth is a result of a rapidly expanding fleet rather than increased visitation at existing stores. 

These traffic metrics align with recent company reports – in Q2 2025, overall revenue rose 12.6% in the wake of new store openings, while same-store sales inched up just 1.8% YoY, buoyed by higher menu prices. Shake Shack’s ability to rapidly expand its fleet while maintaining essentially stable same-store foot traffic – even while raising prices – suggests that the chain’s higher-income customer base continues to see Shake Shack as an affordable indulgence even in a cautious spending climate.

Winging It

Wingstop is also in expansion mode, adding stores at a brisk pace this year. But since mid-summer, overall foot traffic growth has stagnated, with Q3 showing a 2.8% YoY decline and same-store visits falling even more sharply. 

Part of this drop reflects an exceptionally tough comparison to Q3 2024, when visits surged 24.2% YoY overall and 14.0% on a same-store basis. (By contrast, Shake Shack saw overall visits increase 19.1%, while same-store visits held roughly flat at -0.8% during the same period). 

Wingstop’s YoY visit slowdown should also be viewed in the context of its expanding digital business – online orders rose to 72.2% of total sales in Q2 2025. The chain’s growing digital business helped deliver a stronger-than-expected Q2, which saw domestic same-store sales down just 1.9%, despite lapping 28.7% growth in Q2 2024.  

The company continues to expand aggressively, adding more than 120 net new restaurants in Q2 alone. Still, Wingstop’s leadership has acknowledged that near-term volatility may be expected, given exceptionally strong comparisons to 2024 and ongoing economic uncertainty affecting its more value-conscious customers.

Specials and LTOs Provide Visit Lifts

Against this challenging backdrop, both brands have found extra strength in specials and limited-time offers (LTOs), which continue to drive measurable visit lifts to their restaurants. 

Wingstop’s positioning closer to the value end of fast-casual makes it more vulnerable to inflation fatigue – and makes short-term specials all the more appealing to its customers. Indeed, visits jumped to their highest levels all year during the week of National Chicken Wing Day (July 29, 2025), when the chain lured budget-conscious diners with a free wing promotion. 

Meanwhile, Shake Shack saw visit upticks during the weeks of May 26 and June 23 – the first likely driven in part by its free ShackBurger offer on orders over $10, and the second by the return of its viral Dubai Chocolate Shake.

Together, these bursts of activity reinforce a key point: Both chains are navigating a market where consumers are more selective, but still willing to show up for the right product, price, or promotion. 

Navigating Fast-Casual’s Next Phase 

Both Shake Shack and Wingstop have entered a more measured phase of growth in 2025. Expansion remains central to each brand’s strategy, but digital engagement and timely promotions are playing an increasingly important role. As consumers become more selective, balancing scale with loyalty and value will likely define the next stage of growth for each chain.

For the most up-to-date dining data, check out Placer.ai’s free tools.

Placer.ai leverages a panel of tens of millions of devices and utilizes machine learning to make estimations for visits to locations across the US. The data is trusted by thousands of industry leaders who leverage Placer.ai for insights into foot traffic, demographic breakdowns, retail sale predictions, migration trends, site selection, and more.

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