A corrugated board tray has stacking lugs extending from double thickness side walls. The stacking lug is formed from an integral upward extension of only the outer one of the side wall panels. The lug is folded inwardly and secured to the inside of the side wall. Corresponding slots are formed at the junction of the side wall and the base to receive the stacking lugs of a lower tray. Half-size trays may include stacking lugs and slots formed in the end walls.