A bakery tray according to one embodiment includes a base a front wall and a rear wall. A pair of opposed side walls extend upward from side edges of the base. Each side wall including a pair of stacking feet and a center projection. Each side wall includes an upper support surface between an inner rail and an outer wall. The inner rail is interrupted by a plurality of pockets arranged to receive the stacking feet and the center projection of an identical tray stacked thereon in a high stack position and in a low stack position. The outer wall includes a plurality of recesses aligned with the plurality of pockets. The tray may provide a substantially constant height support surface between the pockets. Further, stops may be provided at front and rear ends of the upper support surface.