Meaning of the word "on track to" in English

What does "on track to" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

on track to

US /ɒn træk tuː/
UK /ɒn træk tuː/

Phrase

making progress and likely to achieve something

Example:
The company is on track to exceed its sales targets this quarter.
She's on track to graduate with honors.