A nestable beverage tray includes a base and a first pair of opposed walls extending upward from the base and integrally molded with the base. A second pair of opposed walls extend upward from the base. At least one of the second pair of opposed walls is pivotably connected to the base, such that it can be selectively pivoted between an upright position and a retracted position. In a disclosed method, bottles shipped in the tray can be slid from the base directly onto a shelf, or alternatively, from the base onto the open wall and then onto the shelf.