A tray is provided for retaining a plurality of food items that includes a bottom wall portion and a sidewall portion together defining a plurality of compartments separated from each other by dividers and each configured to retain a stack of the food items. Each of the dividers is interconnected to the sidewall portion by a pair of scalloped ledges. The sidewall portion of the tray includes two side panels each including stiffening ribs extending only along a portion thereof, but not extending along an entire length thereof. The tray is configured such that, in response to a compressing force applied to the tray in a direction substantially perpendicular to the first and second side panels, the sidewall portion of the tray deflects in a direction away from the food items.