A carton for holding one or more containers includes a plurality of panels that extend at least partially around an interior of the carton, a plurality of end flaps foldably connected to the respective plurality of panels to form at least one closed end of the carton, and at least one gusset foldably connected between the at least one side panel and the at least one closed end of the carton. The plurality of panels includes a bottom panel, a top panel, and at least one side panel. The at least one gusset is positionable between a first position and a second position wherein the interior of the carton is expanded.