Foldable insulated food box

A foldable insulated food box comprising:

• a lower receptacle section having a flat base and side walls sloping outwardly from the perimeter of the flat base to a lower section lip;
• an upper cover section having a flat top and side walls sloping outwardly from the perimeter of the flat top to an upper section lip;
• a hinge connecting a portion of the lower section lip to a portion of the upper section lip so that the upper cover section pivots between a closed position wherein the upper cover section cooperates with the lower receptacle section to form a closed container and an open position wherein the upper cover section folds away from the lower section along the hinge to permit access to the contents of the lower receptacle section;
• at least one diagonal v-shaped rib in the flat base;
• and
• at least one diagonal v-shaped rib in the flat top, wherein the flat base diagonal v-shaped rib is generally aligned with the flat top diagonal v-shaped rib, so that, when the upper cover section is in the closed position the upper cover section and the lower receptacle section can be folded simultaneously along the generally aligned v-shaped ribs to create a relatively smaller configuration for disposal.